All Forum Posts by: John Weir

Hey @Gerald McBurney I am a real estate agent in the upstate of SC. Let's connect! And best of luck with the move!

Thanks @Drew Francis and @Erin Sipowicz !

Thanks for the input. It's a new area and zip code my company is trying to expand into, and I'm big on reputation, so I didn't want to step on people's toes.

Trying to find real estate agents who have dealt with other agents expired listings. Would it be unethical for me to contact a homeowner if his/her listing expired with another agent? I want to get more listings in a certain area, but do not want to create a bad name for myself or company in the area. Any feedback is appreciated, and I would prefer it to be licensed agents who have dealt with this.

I would look somewhere else boss. If they stated they don't want to deal with you and feel harassed I would just let it go, there are plenty of other deals to be made elsewhere. No need to risk a lawsuit.

A lot of times when investors are selling multiple properties at once like that you get really good deals. I would check how much each unit rents for and do your basic rental equation for each income-expenses=profit (calculate in unexpected expenses as well). I would imagine the numbers are gonna look pretty good since it's gonna be a volume sale like that.

You have to be a licensed Realtor to use the forms provided by the commission in your state. Your best bet is to go see a lawyer, it's going to cost a little bit but it'll be worth it, trust me.

You're welcome @Dave Bauer keep in touch, I'd love to know how it goes! Good Luck!

@Dave Bauer The reason I say buy all cash is to avoid paying $5k-$10k+ extra for the property over time. However, if you pay a lot down and finance for say 5 years you obviously wouldn't pay as much in interest. I'm struggling with this now since I bought my first three rentals all cash I never had to deal with financing until now that I'm looking to expand. The numbers for your property would be fine either way though, you would still make money if you finance long term.

I would look at your local foreclosure listings to find a good deal on some buy and hold property. Find properties that rent well at a great price. There's a lot you can do with that much money! MFH are also not a bad option for the right price.