All Forum Posts by: Account Closed

@Julie Gates no, it's unethical and against my Code of Ethics per the state Commissioner.

@Joey Newton that sounds pretty great to me... But, I'd hire an agent experienced in the area who could properly advise you and handle the transaction. You can probably find an agent willing to do that for a discount, since you already have the properties. Also, if are are buying 8 units you will need Commercial financing vs 2 4 unit purchases which could go residential if on different parcels (see lender). See rent roll history to determine vacancy rate and a market overview for the same.

@Brandon L. Love this

@Lakeisha Baker if you want to be serious and get a committed agent who will come to you first or at least in their top say 5 investors they throw deals to, then you want to sign a buyer broker agreement with them. Although, this can simply state that I'll get paid on any deals I bring to you and represent you on. It DOES NOT (in AZ at least) mean that you can ONLY buy deals from that agent. If you find something on your own, great. I have a great relationship with an investor who knows I put him first. Why? He's a repeat client who can keep me busy and be a significant part of my success. I scout wholesale deals for him, MLS, Costar and he gets the benefit of my expertise of twenty years and that our goals are aligned. This is the key to a successful relationship, if he makes money I make money. The more he makes, the more I make (more deals). He just bought something without me, I'll get to sell it someday. I just closed a listing that I found wholesale for him and just sold it for him, too. Tomorrow we put a half million dollar wholesale multi-family deal in contract to close in 15 days. I have other investors who hit me up for deals often. They won't get my deals, most likely. Why? Loyalty. I'll devote myself to you 100%, if you respect my time, work, connections and expertise. This is what you can and should expect from a serious investor focused agent who is an expert in their field. A good agent is truly worth their weight in gold! I used to be Managing Broker of 1150 agents and audited all the files and let me tell you, we are NOT all created equal!!!

@Patrick Britton I don't agree, in fact I'd say it's the exact opposite. New agents don't know how to determine a tire kicker from a real buyer/investor. See below for more specifics.

@Stanley Bronstein yes we have to have a PLLC in AZ. I have mine set up to be taxed as an S-Corp. I haven't been using it the last few years, but am now thinking it could be worthwhile again.

@Thomas Musser I've been watching this market and am fascinated. The folding A frames are awesome looking. My concern is the city and being allowed to place them. I have done a lot of research on container homes, as well. I have land in Portugal and plan to either build or do something prefab for my long-term home to move to.

@Mark Sewell agreed, only use them once a year to keep them active for a small purchase.

@Neha Groves does your husband realizes that "jobs" in real estate are 99% of the time self-employed or require experience to do (like Transaction Coordinating, etc)? Also, there is a very real consideration of the increased liability in doing your own deals and also being an "expert in the field", which is what you are considered the second you are licensed. Many companies won't allow or if they do their errors and omissions insurance won't cover personal deals. You also cannot represent both parties to a transaction if you are an agent. In addition, you don't sound like you are doing enough volume to override those concerns if you are trying to save money. You would be much better off finding an experienced, on the ball agent and working closely with them to learn about the market and your options, imho. Best of luck.

@Bob Wilkus I plan to move to Portugal once my folks pass. I purchased an improved lot there in Central Portugal this year. I can build for $35-50 a sq ft. All in, I could have a 2044 sq ft home on a 5500 lot for $135,000. That's the plan- it wasn't easy, but if you are resourceful you make the purchase happen. Lot was cash and hopefully get more together to build-