All Forum Posts by: Nate H.

Hey, great idea !!! I googled "create podcast" and a bunch of links came up, one of them being this one:
http://reviews.cnet.com/4520-11293_7-6246557-1.html

Check out the tools needed (step 2) and the software needed (step 4). Basically you'll need a mic and download audacity, open source recording software. Once you record it you'll have to figure out how to distribute it. There's a podcast link over there, <<<<<-------|, to your left and up. Or your own website, or ourmedia.com

Good luck!!

I've read a lot of great reviews of the iphone, especially the Safari internet navigator. On most pdas and smart phones, webpages never render correctly which makes it cumbersome to navigate and read content. iPhone doesn't have this problem.

It isn't doing much that a treo can't do, except above. And I believer here in the states, its running on a 2G network, when the best would be 3G.

John,
Thanks for the reply but there's been no bait and switch and each party knows whats going on. I never tried to get the property as a listing nor did I let on to anyone any false information. Maybe your laws are different across the Atlantic, but my BIC has done this multiple times.

As for paying the person who found the buyer -- $50 will not suffice on a property with this selling price. He deserves more than that and bird dogs in this forum and those in this forum who pay bird dogs pay them more than that.

Thanks for your concern though. My questions we more about the general timeline of any wholesale deal and what kind of paperwork I need to sign with my bird dog.

I've been reading up on wholesaling and this forum has been helpful in getting information so I thought I'd ask the minds here. I haven't done a single real estate transaction yet (I've just started around a month ago) but this large deal came to my attention.

Here's the deal. I am a real estate agent who found a multifamily property that is being sold for around 75% of its market value. I found a person who knows an investor who is interested in said property. I am looking to put it under contract and wholesale it to the end buyer. I want to deal directly with the end buyer and have the guy who found the end buyer to get paid, but not be another middle man.

The timeline is looking like this:
1)ensure the end buyer is serious
2) sign an agreement with the birddog for release of his buyers name/info and detailing compensation
3) put the units under an assignable contract
4) close deal

My questions are:
1. To ensure the buyer is interested, should I request an upfront fee?
2. What would a good fee to pay the guy who found the investor/end buyer?? A percentage or flat compensation? (the property will be sold to the end buyer for around $800k)
3. When I put the property under contract, is this done with an attorney present like a normal closing or do I just have the seller and I sign the contract?
4. Is there a downpayment or escrow money involved when I put the property under an assignable contract?
5. What questions do I need to ask my attorney to make sure everyone is on the right page and everything is legal ?
6. What is my timeline missing?

I wish I got my feet wet with some smaller deals but this one just fell into my lap and everything started coming together. I really appreciate the advice and clarifications you may have. I will definitely be talking to a lawyer in the next few days but I'd like to have info before I go in there.

I'm a new agent in Raleigh, NC and I was wondering what the standard commission schedule is. I'll be working with a small, local firm and there are no desk fees or anything - we don't have an office yet.

Also, if a broker is too busy to commit all his time to a certain listing and he lets me do the leg work (taking measurements, pictures, putting it on mls, negotiating, etc) would it be considered normal for that broker to get a cut of the final commission?

Thanks!

So how do you get paid as a Realtor specializing in foreclosures??

I just got my license recently and would rather get involved in the investment side of things. Is there any legal problems with being a RE Agent and finding motivated sellers, assigning contracts and things that go along with wholesaling??

Thanks!!

Personally, I think Zillow has inflated values. It definitely depends on your market though but in my area they are generally inflated with a few pockets of comps that are about right.... so it depends :)

Your county doesn't have a real estate tax website?

So if there's an outstanding tax lien that goes unpaid, in some counties or states the house will be foreclosed on?? And if you were to pay the tax lien you would hold title to the property?? Is that how it works?

Well, since you can't get on the mls the single best resource would be you county's tax website or records located at the courthouse. In my county, Wake County, North Carolina, everything is online so you can see what a person paid for the house and what others in the area are selling for. Here it is just as an example:

http://msweb01.co.wake.nc.us/realestate/search.asp

You can find it by googling "wake county tax" or "wake county real estate"

Good Luck!