All Forum Posts by: Greg Stetz

Thanks @Catherine Emert! So true. I’m thinking of getting a book on the subject too. I see other realtors post “helpful” real estate content such as free equity calculators or “what is your home worth” calcs or interesting articles about the market or scams to watch out for. I think you’re right about posting highly priced properties since that might send a negative message.

Dad’s a contractor but aging a bit. He wants to move to Florida. He has $25,000 to invest and asks me what’s best to do with the money? Money partner on a flip where he can supervise the construction and get a return? Buy a cheap property and flip it? Any suggestions? I love to hear BP ideas. 

Besides the BP forums, how can the major social media sites such as instagram, facebook, twitter, linkedin etc... be of use to a real estate professional or real estate investor? Any success stories or strategies that would increase deal flow?

How can you be successful in finding and acquiring properties on online auction sites? 

Thanks Kevin. Im from NEPA originally. 

I could qualify no problem but we're on one income since wife is stay at home mom at the moment. We don't want our costs of ownership to be much higher than we are paying in rent now. 

My landlord has been great. She is definitely at a stage where she should probably liquidate and relax. She has had health issues in the past as with her daughter and this caused a financial storm for her I believe. She has 3-4 properties in town and all were paid for cash back in 2003 or so. I’ve been her tenant for years. We have a great relationship. I noticed lately that there are tax liens on the property and she has recently lost long time tenants in another one of her rentals nearby. I asked her if I can list it and she agreed but she has a ton of maintenance to do on it and she insists on doing it all herself.. she’s a tough one. She gets mail and contact from investors etc on the property I am renting of course but her and I have had an open conversation about the situation and she has said many times that she would only sell to me. I dont have alot of cash to put down at the moment but I’d be a first time home buyer, I can be the Realtor, she owns it free and clear, she wouldn’t have to make repairs as I would buy as is (with many concessions on her part due to some issues and deferred maintenance) and she would have her taxes paid up. This home I rent from her is in a great neighborhood near an A school thats appreciating all the time. It’s definitely the ugliest house on the block but could be worth $220k if it was market ready. I think I could get it for $150-$170k based on the situation. I dont have alot of cash to put down and I’d like to know if there might be a way to get my monthly payment down to around what I pay in rent to her. Maybe owner financing? 

Thanks @Ashish Acharya. I might be bringing in commission of $7600 for example. I also have a W2 income not related to real estate sales. I imagine my income would increase this my tax bill. I’ll just hire a CPA.

I know that most of you are not qualified to give tax advice and I’m not seeking that exactly. I just wonder how much roughly %wise I should set aside to be taxed on. Im a licensed sales associate in Florida. 

List the top five (or more) ways you could make money in real estate (add a little detail if you can). Imagine if you have a RE license too.