All Forum Posts by: Jordan Schneider

If you're looking for your next property or properties to add to your portfolio than look no further than Winchester, KY.

Eight turn key single family homes on a quiet block. 

Five houses are 3Beds/2Ba, (2) properties are 3Beds/1Ba and (1) is 2Bed/1Ba.

Prices of each property start at $155,000 to $175,000.

Each home rents between $800 and $1300.

Buy one or two or buy all 8.  Owner financing may be available.

Tons more photos too available upon request.

I just had this same conversation with my manager and it is a huge gray area.  As a Realtor you owe a fiduciary responsibility to your client, therefor you need to know who that is. Since the plan is to sell a contract which I would assume is in your name then you should be as transparent with the seller as possible.

I use the NTN, National Tenant Network.  The website is ntnonline.com

If you want to know what the listing agent is offering, you can just ask. Your agent should be honest and tell you because you shouldn't be responsible for the entire 3%. For example, if the listing agent is offering 2% than you would be responsible for only 1% to bring the commission to 3% although when you put an offer on a house that extra percentage she be part of the terms of the offer so it doesn't come out of your pocket at closing. The only way I can imaging you being on the hook for the entire 3% is if your agent finds you a FSBO where the homeowner is not offering any commission to agents.

Whose paper work were you signing, the listing agents or the buyers agent? Generally the commission that the realtor owns comes out of the proceeds of the house. If you are working with a buyers agent, they may not be happy with the standard 2% that the listing agent is offering and will want an additional 1%. They may deserve it if they are working for you by running comps working up CMA's and figuring out ARV's and things like that.

As a realtor, of course I feel somewhat obligated to say the MLS is the best way. If used correctly it is but deals are found through many sources.

You can certainly post on CL looking for people who are looking to sell as well as write to people who have already posted properties to sell.  

Try door knocking on old, rundown homes to see if they may be interested in selling.

Direct mailers are another route and word of mouth is also a great way to spread the word.

Try posting on FB buy/sell groups telling them who you are and what you are trying to accomplish.

Best of luck!

Hi Daniel,

Welcome to the BP community!  This is a great place to learn and grow your business. The forums are great places to search for answers to any and all questions you may have along the way.

I believe that I can help you out finding properties in our area and sent you a message.

As a realtor, I have helped several section 8 tenants find homes.  There are many people who view Section 8 in a negative light, but the people I have helped were extremely nice and grateful to find a new home.  One big benefit to accepting section 8 tenants is since they are getting government assistance the turnover rate tends to be very low since the process can take time.  I would give the same advice that I give any landlord and that is meet any and all prospective tenants.  Talk to them to see what they're about and go with your gut instinct.  If you think that they will be good tenants then sign a lease, but if not move on to the next applicant.

Hi Krystof,

In order to access the backend of the MLS you would need to be an agent. If you are just looking to browse around to see what's out there and get an idea of the inventory in your market than you can search on MLSLI.COM. It is thre multiple listing service of Long Island and does includes Queens and Brooklyn.

Hi Ryan,  

Your best bet is to speak with a mortgage professional.  They will be able to help you the best when determining what type of mortgage is best for you. Each one has its benefits and each one will have drawbacks.  If you want to feel free to PM me and I would be happy to recommend a few names of people to speak with to help you move forward.