All Forum Posts by: Jyotin Gautam

Thanks Nathan !

As a licensed realtor, I have some buyer clients looking to buy a house in New York state. A friend recommended a known realtor in that town to sent a referral.

Question: Can the referral agreement stipulate that the referral fee (if a transaction is closed with my referred client) be paid during the closing of the transaction, for transparency and expediency?  The specific town may not be relevant for this questions, hence I'm skipping that..

I want to work as a Finder in California but do not have a DRE license.  I am able to find clients who would be interested in buying properties in other states -  for example New York, Florida, Texas or Ohio. I'm pretty sure this is allowed within California based on articles by CRES Insurance, but unsure about how to send clients to other state realtors as a finder.

My question is: If I make agreements with realtors in various states outside California, can I send them clients and collect finder fees? To clarify I will not participate in negotiations or other activities needing a license. Is such a Finder business model common? Are there any gotchas that I need to be aware of?

I'd greatly appreciate guidance and pointers!

Regards - Jyotin 

To summarize: If you are interested in a business opportunity and are an independent broker or a real estate attorney in Florida, Ohio or North Carolina, DM me. Not asking for any investment :)

We are creating an entity to allow our clients to purchase properties in various states - eg Florida and Ohio. We plan to have designated broker-officers to facilitate transactions and referrals on behalf of our entity. We need to discuss with a real estate attorney or a broker who is experienced in this, to identify the minimal set of applications and setup needed for this. If you have broker or RE attorney recommendations, please DM me or or reply. Thanks! Jyotin

@Mark Allen: thanks ! I'll reach out to you for the contact info.

Can I get referrals for a few trustworthy MF property manager firms  in the DFW area who can  manage smaller  sub-20 unit properties? If you like the PM for your MF property, I'd love to hear from you! 

I am primarily looking for MF PM rather than SFR/Condo experts. I don't have an accepted offer at this time - would like to be prepared with a solid PM partner to bring to the MF deal for upfront diligence. I recognize that I may need to work with more than one PM, depending on the area where I end up purchasing. Thanks!

@Jeff B. , thanks a lot for your insights and pointers. I'll followup on these!

@Gabriel H. Thanks for your input - looks like I'll have to lower my expectations regarding rent-to-price ratios if that is indeed hard to find in Dallas areas.

I'd also like to get member input on other aspects of investing in Dallas area, such as what towns are good from ROI perspective, and finding reliable/reasonable local property managers with good reviews/references.

Looking for all  your input on "Rent to Price" ratios for Dallas area (surrounding towns like Plano, Irving, Burleson, Crowley, Little Elm, McKinney...). I'm looking primarily at SFRs but open to high cash flow  2unit/4unit properties too.  Would like to get input on aspects such as:

a) Rent to price: Is a 1% or higher ratio a good rule of thumb for initial screening of SFRs or can we do better (for B-level properties). I'm thinking that detail caprate/COCR calculations can be done after the basic filtering. If you're an active investor in this area, what other metrics would you recommend?

b) Property managers: Is Yelp a good way to find reliable and reasonable ones?

c) Towns to focus on: From a cash flow point of view, what areas would the experienced Dallas investors recommend ? I want to strike a good balance between area's safety and ROI - should feel comfortable visiting without needing to looking over the shoulder or worry about high burglary rates :) Good schools are a bonus too, but ROI trumps.

Thanks

- Jyotin