All Forum Posts by: Islam Abdallah

All- Thanks for the for the coaching. I'll definitely start modifying my research criteria to drive better results.

@Dennis Williams :Thanks for the info. I'll be asking more about their plan. Your absolutely right regarding most of the realtors telling me they have "powerful tools", which has been my first red flag since their just going to list my house on 20 different sites and hope for the best. What are some other examples of grassroots campaigns?

@Tom Goans : I've fully realized i'm getting what i paid for, which is the main driver for change. It's obvious that i'm getting what i paid for and i have to pay to play! But regarding your comments on top producers, I'll tailor my search to top income producers in my area, i should be able to create a short list that way. Just out of curiosity if you don't mind me asking, is there a reason why you don't use a realtor to market or manage your properties?

@Bryan L. : Your absolutely correct!

Up until this point, I've been using flat fee listing agents to list my properties, main reason being cost ($500/ listing vs 3% of sale price). But as time has gone on and i'm listing more properties, my flat fee agent just doesn't have a real marketing plan besides putting it on the MLS, which is beginning to hurt my DOM and overall bottom line. I'd also like to develop a relationship with a solid realtor to 1) sell my houses quicker and help out identifying latest market trends and 2) potentially bring in more deals to me. I've also gotten feedback from other realtors that they typically don't like showing a home listed by a flat fee agent (unless requested by the client) due to them knowing they won't get a regular paycheck once the deal is closed (at least that's what they tell me which i haven't fully understood why since the buyer pays their portion of the closing costs, could use some help here). My question to everyone is how do i quantitatively assess a listing agent based on some critical criteria such as average DOM, how many houses have they sold, expertise in the area, etc? I try to be very cognizant of pricing the property right based on the comps, but every agent I've talked to says they have powerful software and marketing tools, we have a large network, i have worked this area for years, etc, which makes it difficult to solid data. Any and all thoughts are greatly appreciated. Thanks!

Welcome Jim,

I actually recently relocated to Greensboro, NC as well. I currently Invest in Atlanta, GA, but i'm always up for getting new knowledge and creating a stronger network. Welcome to BP!

-Islam

@MehranKamari- Thanks for the welcome. I'll be sure to tell you of my first deal hopefully in the near future!

Joel,

I'd like to focus on properties greater than 4 units, I like the economies of scale that complexes bring. We're aiming to buy and hold on something fully performing, at least initially to get our feet wet and become accustomed to being landlords. I do like the prospect of obtaining a semi performing property since we have the rehabbing background, but at least with the little that I know now, it makes me nervous jumping right in, but ill definitely consider if the circumstances are right. Same goes for vacant properties.

Hello all,

My name is Islam and my partners and I are currently Buy-Fix-sell investors in the Atlanta, GA area. I actually joined BP a little before i got started investing last year with a different set of needs, but as time has gone on, i can only go so far on what i currently know and reading books, so enter BP! My partners and I have been doing well flipping houses, but would like to make the transition to the Multifamily market. Looking for anyone with experience in the Atlanta multifamily market (and i'd love to hear form experienced rehabbers as well) and what it takes to get started. All comments are appreciated and happy investing!

-Islam

Thanks for the info. I'm actually in thier interview process myself. My question is with me being a novice investor and looking to get started, is Rich Dad mentoring worth the $4k+ fee? I'm in need of a mentor to get started with Multifamily/ SF homes.