All Forum Posts by: Dawn Jett

Congrats on getting your license!

My office is just starting to hire new agents. We are located in east Mesa (though you don't have to work in the office). Most of my business is working with investors. I'm an investor myself. You can work only your own deals, or we can provide direct leads.  And you get paid directly from title at the COE, so no waiting for us to release checks. 

Drop me a message if you are interested in talking a little more.

Dawn

I agree, John Duffy and Bob E. , there are good and not so good with both flat fee and traditional.  $2995 is not too bad, if there are multiple properties. I have several investors and wholesalers that I have worked with for years, and I reduce my fee for them.  Bottom line, as long as the client is happy, and the property is sold, that's what matters. 

Cheers! 

I have noticed that most of the flat fee listing agencies put a note in the private Realtor comment section of the MLS letting other agents know that this is a flat fee listing and therefore limited servicing. There is one in particular here in AZ that does this (no, I won't say who they are), and it is a PIA to deal with them. I cringe every time I have to write a contract on the properties, because I know I will be struggling the entire time and my buyer will get even more stressed out with the process. If seller wants to do most of the work, go for it, but I have had buyers walk because of the difficulties in dealing with these flat fee companies. It may work for some sellers, but you get what you pay for in the end.

13-15%??? Holy cow! I need to increase my fees. LOL We only charge 8%.  

Dawn 

Welcome to BP!  

Dawn

It depends on the type of rehab work needed. There is no one size fits all. Do you have your eye on a property? What type of work is needed? I buy a lot of fixers, and I also oversee rehab for several of my out of state clients. 

Dawn

Welcome Chris! 

You'll find a wealth of information from both the articles and the wonderful people you'll meet. 

Dawn 

I have used private money on many of my deals. It depends on what interest rate you're paying for the private money.  At 14% or more and paying points, the deals aren't as attractive, but at 10-12%, deals are still available. Prices, however, are increasing like crazy. Come April-May when four plexes will be over $200,000, not so much. I have clients buying every 2-4 unit property they can right now because values are steadily increasing. 

Dawn 

Never buy a property based on emotion. It's all dollar signs. Any neighborhood you drive through, there are home owners. If the numbers work, buy it.  FYI, I'm sure there are people who drive through your community (and mine) who would never live there.  :)

Dawn

Just based on the numbers you listed, I don't see this as a good deal at all unless you offered 

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How much are you putting down?

What's the interest rate and term of loan?

What's the management fee?

Current yearly income of $147,204, is that just for rent? Is that with all units rented? Is there value-added income?