All Forum Posts by: Douglas Felts

Thanke for the answering. I have added interviews or questionaires to both cash buyers and home sellers.

the short is cogo capital.

Hey saw the add for Spencer Vann.

Now not to make light of the creator of the robinhood method's prehousing crisis success(this is how he markets to us investors by the way...because he can use our language).

But to be fair...the robinhood method or the surplus funds mastery which he talks about in his webinar..isn't real estate(you don't buy or sale or refer or do anything with actual real estate).

What you actually do is go to various lost funds places(e.g. claimitexas dot org) and you contact the people telling them they have funds owed to them and that you wanna help them for eventually 40% commission(that's a term usually for the agency side only).

Thats great if it's something you enjoy...but for me I enjoy real estate.

But that's Spencer Vann..but he sells a boot camp like package at the end of his free seminar.

Not for me..but if you love asset recovery go for it.

But that's what I got from his free webinar.

and that should answer the question.

Im going to be honest...while an exp agent has been my most loyal as both my agency phase and return to investing current state.

small brokerages...too easy to be a brokers janitor so to speak.

by personal opinion keller williams was better in my case than exp.

ill rank and why?

1. Investing.

Having full creative control of my business and meeting more people both agents and investors...and i solve preforeclosure problems

2. Keller williams. 

while it seems they might need to switch to decaf..keller williams dont expect you to be an overnight sensation fully developed.

the support is topnotch, the training is top notch, the brokers demandments are minimal, and everything you ever need or need to know is at ur fingertips.

title, lawyer, funding for clients, etc. all in one building.

and the gatherings were kind of kool during events. 

you name it keller williams city view was an experience and i filled in alot of blanks of questions i had for the industry.

the downsides, it can be much like an allinclusive club, and they can frown on investing...theyre alright anyways in my book and will always be my most favorite brokerage to work for.

3. Exp realty

the most ready and willing agents and very investor friendly too.

but for me exp realty texas was a no client militant nightmare. If broker orders...you train and you cant make money during training..and the broker is megaquick to send licenses to austin.

exp realty is a ruff intolerant do it my way or the highway broker..especially if you use youtube.

with that being said they got good passives on recruitment.

maybe something to go for agents later on. But not newbie friendly.

But for me kw was a much better experience. The only thing better was investing.

But the unique thought of exp agents is bar none.

As a former agent and mostly investor(cant stand working for brokers XD)

I can say this truth....agent deals and investor are 2 polar opposites.

or to keep it 100 further...if your agent your looking for a house to buy or sell as high as possible...so typically your personal interest isnt deals.

the dream situation for agency is to help sell or help buy(agency is 3rd party...lets label it right please) say a $1mil house.

If your an investor...your ideal situation is to buy a 1mil house at 1k and renovate it to 100%ARV. And sell it for 1mil...999k profit dude.

So yeah thats why they bash the mls most likely...cuz the mls is agent focused mostly.

But technically MLS spills almost everything to sites such as realtor.com.

But i think that op statement is intended to be metaphorical as compared to literally.

investor pay is truly always a different formula.

more price always equals more commission.

So yeah agency likely favor ya, the odds say so.

A mega honest agent with investor focus brokerage is the closest to agency favor as one can get.

But even they would want to dip their hands in 1m. You would too if you werr an agent.

I got to be honest about Phil Grove.

His training gave me the fortitude to stay in the real estate business and see th career and the opportunity that is actually always available. "I got the money if you got the deal" is a mindset that creates stability. Now my growing of professional maturity, well to assume it I had to be ready for it. But 2013 is a year that I never got out of my mind and the 200ish workshop after the free workshop is the best 200 I ever spent....he has a 2kand a 75k apprentice. Now I cant comment on 2k or 75k, but the books of wealth of knowledge....7+ I got in 2013, well worth it.

In my opinion. (Heres a stat...that we all love more).

I had a moment of weakness period in which I sold both his book(investing) and SABOR prep for real estate exam from trec(Agency).

The numbers were too long but at the bestseller bookstore.(in 2018ish).

Phil Grove's book sold for ~3x the amount of the Trec agency exam books.

Meaning obviously that from a bookstore usage perspective. Phil Grove"s book are a much better sell.

And I respect agency, and I respect it by refusing to tred their waters. Im Kool with my past.

Now I cant make any promises to anybody reading this(2years later than original post) and results are typical.

But if your brain is understand much 3 day strategy and your ready to be a business owner and to learn this business....it seems that Phil Grove is a steal at the 200 dollar(or the level after the free seminar).

And this as always is a fair unbiased testimonial

No promises. Just my side unbiased and professional based.

Thanks you Phil Grove if your reading this.

Hello,

im just curious to see if successful investors conduct interviews prior to submitting offers out of curiousity of the feedback?

The story of why im asking.

i was calling prior to submitting an offer on properties going to auction and most of the time no answer...but most of the time when i do...they suspect scam. Which does not bother but i wonder if theres a lesaon to be learned in streamling.

So do you guys conduct interviews prior to making offers or just make offers.

Thanks in advance,

Douglas Felts

One im going to be honest.

With a great gain comes a great pain into getting the great gain.

The pain is in the beginning. And its in the upkeep(but no one ever notices that.)

Its natutal.....its like growing up.

You all remember becoming an adult when u was 18 and being thrown out of your parents house and having to fend for yourselves.

Real estate is just like that lesson.

Job bouncing was ur moment with mommy and daddy protecting you as a kid. But society deemed that you were meant for more....People talk about the bad economy...but the valuable ones must become more valuable.

Its like a kindergardener who becomes a 6th grader an 8th grader to a 12th grader. Knows what the theme is? Knowledge. And knowledge is what defines you.

If real estate was what the naysayers say...ud be an employee.

But we all know better.

97%...naw those that are meant to be in real estate to me are the 97%...3% just dont have the maturiry to run there own real estate...and thats okay for them...atleast for them now.

My point is...those that are not meant to be in real estate dont possess the acumen let alone talk real estate business.

later on in life a investor knew i was not meant for employee ville. After all how is a job bouncer like myself inspite of all my good professional traits...a fit for employee ville(no disrespect)

we are real estate here and are knowledge demands we think for ourselves...and if we cant do it...we dont belong.

Opposite an employee who fails when he does think for himself.(no disrespect just the facts).

So yeah thats what the number say...and i say guys like me are in cuz its chosen...and employee cant understand my language of value.

Just like bigger pockets similar speaking.

So 3% just cant think and do...but 97% can.

Hope u enjoyed the long story. 

Peace.

And thank you for the honor to help others.

I will be honest....the lead generation that they do is better than anything they teach you in agency.

Other than that dont know. But chances are if you are asking the question....then you already have your answer for you.

And thats the right answer.

Im not in renatus by the way.

My reccommended rule 24hrs is most reasonable...if they're taking longer than that...than they could be neglecting in fiduciary responsibilities.

The scripts i was taught was "8-12pm we are working on you the clients behalf"(and actually do...not just say).

That seems to be the bare minimum standards...and aside from that take no longer than 24hrs(within sensible means)...a good agent should typically reply in 1to2 hours(during cant miss meeting).

Long story short in texas by trec rules(if applicable) he could be neglecting his fiduciary requirements.