All Forum Posts by: James Barnes

 My thoughts exactly, we have to carefully research before giving advice LMAO

Yes, I'm with Russell. Depending on where you're from this could be confusing. Do you have the same agent working both sides of the deal or two agents that work for the same brokerage? I'd be cautious on the first situation because the Agent has the sellers best interest in mind. If it's the latter then no worries and roll on.

@Derek Diamond Amazing advice as well. There’s always a way. 

I'm part time. My schedule allows me to to work RE 3 days a week and can also do anything on a computer at my job which is crucial. When I first got my license I was told that it will USUALLY take 6 months to see any profit. 

Hang in there, Keep putting yourself out there, don't be a "Secret Agent". The best advice I've received while doubting my new journey...."It will come". Of course, it will come only if you put in the work but it will come. 

Some will tell you that you need to be "All In" to make it work which I believe is sound advice if you have no responsibilities and plenty of time to door knock, hold open houses; pretty much put your feet on the street. BUT,if you do, then I believe working that full time job is key until you get your business up and running.

As far as the investing goes, don't invest if you're broke. Some on here will say that having a full time gig while investing was their biggest blessing.  Just my .02 cents..

Great advice on here. Give your agent the link to this thread...may help him/her. Very nice home! Loved everything besides your bathrooms (they have a masculine feel to me, White/Black). Just a personal note and I've heard this before from clients...Good luck on the sale.

Sorry, I should have stated that I intend to use it for Flipping for the time being. Of course, buy and hold will be another exit strategy and I very well may end up coming across a Multi in the area (Rare Find) that i will have to get creative on; Hard Money and Heloc Funds.

Thanks for you input @Ted Rud. Very much appreciated!

Whats up everyone, I'm closing on my HELOC on Friday. Depending on the property of course, I potentially have enough to fund an entire project from start to finish. My question is ...should I? I understand my HELOC is astronomically cheaper than Hard Money as i'd be paying interest only at 6% but am worried about having MY entire ***/Home on the line for lack of better terms. If the numbers work would it be better to structure the deals so I have as little money of my own in as possible? i.e. Use my money to purchase the property then hard money to rehab and vice versa??

I get that I'm still on the hook for any money I sign my name to, and would never intentionally do anything to compromise my word, the deal or my name but...well to be frank....**** happens sometimes.

Looking forward to everyone's input. Especially those that have went the HELOC route before...

Get it on the MLS, Make sure you have great pictures and make it easy for Agent's to access and show your property (Don't put some BS in there about not being able to see it from "this time to this time" or "Home-owner needs to be present") and Offer a 2.5%-3% Buyer Agency Commission. You should have no problem. You'll attract Agents and Buyers.

Express your concerns with you Realtor. Loyalty is huge to me, I'll break my back for folks that are loyal. IMO, stay loyal up to a point to where it costs you $$$. Give your Realtor a chance, getting to know a neighborhood isn't that tough.

SOOOO. What'd you do? 

Bad deal IMO, Agreeing with the above poster, "Paycheck to Paycheck", "Banking on Appreciation"---Not words I want to be using while "talking my self into a deal".