All Forum Posts by: Jesse Rivera

My lender has a 3% down conventional loan. 10% is a cakewalk.

Well said Joel Owens

Every state is different, but I think it is ridiculous for a Broker to expect part of the profit on a personal deal. If it is listed, yes, they are entitled to their split. But if you wholesale a deal, or flip a home and sell it without listing it, they get nothing. My Broker encourages us to do our own deals, but he is an investor himself.

They do need to approve all paperwork involving any real estate.

Ask them to show you the law or state rule that applies. I bet they can't. Keep looking for a Broker that is friendly towards investors.

I think it's fine that you try and sell it yourself, as long as the agent bringing you the deal knows this upfront. I am an agent that works with investors, and I tell them that if I bring them a deal, they list with me at x%. Period.

I agree with the others, that you will miss out on the majority of buyers, and it will sell much quicker if you list it with an agent. In this business, time is your enemy.

Those that are successful in selling without an agent do a lot of marketing for buyers and have a big list that they can email when a property is ready to sell.

This is the healthiest attitude anyone can have. Kudos Mark!

Edward Burns, Back in the day, I would agree with you, we all worked for the seller ( I had my license in the 90s, back when we still used the listing books). But today it is clearly stated that if I am the buyers agent, I work for the buyer, and not the seller. I work for the best interests of the buyer, and only owe the seller honesty and fair dealing.

Ryan DeLange, when the deal goes smoothly, working with the listing agent alone is fine, once you get a little experience. The problem is, there are no easy deals anymore. Every escrow is a challenge to close.

Also, it takes an agent many, many deals before he is able to navigate the contracts and all of the addenda, the timelines and deadlines, the subtle nuance of contract language, and unfortunately the poorly written contracts themselves. As an experienced agent, I can write a contract that favors my client - that is my job.

My advice is to work with an agent for a while, until you get a few deals under your belt.

Most agents will be useless to you. But if you find and agent that knows investments, he/she will be a great addition to your team.

Jason Tinder

Hi Jason and Welcome! Jeremiah B. is right, there are some good rental opportunities, just have to buy correctly. We have had good luck buying at auctions and short sales recently.

I went to the 3 day event, got free tickets. I went knowing it would be an upsell event, but I was hoping to learn some new things about marketing and flipping. Boy, do they lay it on thick! It was 90% upsell and motivation, 10% content. They were pushing every emotional and psychological button in the book. It was horrible to sit through. But the crowd was eating it up.

I needed a shower after each day. Ick.

Dusseldorf Declines!

I would find out if there is any equity first. Waste of time if they are deep underwater, unless you are a real estate broker.

But maybe you've done that already.