All Forum Posts by: Brandon L.

@Ramy Man anything will cash flow with a large enough down payment :)

@Lou LaMedica I do not own anything out in Winchester but I love the area. Smaller multi-families generally fit that description no matter where you are in the country. 

@Lou LaMedica Winchester is great, I love it out there.

@Brysen Kelly Good morning, and congratulations on not waiting around until you are "ready" It's a mistake that I see too often. "Being ready" is used as an excuse to do nothing because it's easier to be comfortable.

Do you own or rent the home you live in? and what made you make the final decision on wholesaling to start with?

?? each state has it's on legal provider so the "business practices" you refer to really don't apply because I deal directly with a lawyer not legal shield. I have had to call legalshield directly 1 time in almost 10 years and the customer service was great.

@Account Closed 1. you said you have been "learning about RE investing for a few years" I feel all that learning you did is hindering you. In your mind you have a picture of what your first purchase should be and how it should go. If you will be living in the property let that mindset go and just buy a property you will love coming home to.

if you would have purchased a property years ago, you would have 40-50k in equity built up while you did all that "learning"

Secondly, I can see you never took the time to learn what a real estate agents job is, so your title is not accurate at all. These agents are doing their job. It is you not pulling your own weight. There Realtors are out there trying to put food on the table, they do not have time to run comps on every property you come by. Learn how to run comps on your own and come to the agent when you are sure about the property and ready to put an offer in.

Get invested in your transaction and do some work.

@Fawn Deitsch I would suggest investing in a legal shield account. You would be able to speak with an attorney about this question and they can give you the correct legal answer. It's the best 20 dollars I spend every month, and I am not affiliated with them.

@Marjeanne Fields you say you have seen better returns so I assume you heard him talking about the returns he is getting. Maybe you can share what you heard with the group, and where you are seeing better returns.

Hello! My name is Brandon. I am a licensed Realtor In Northern Virginia, and if you are an aspiring investor who is renting the place you live, I want to help you take the first logical step in your investing career.

Purchasing your own home in Northern Virginia

(If you do not know what you should be looking for in an investor-friendly real estate agent then check out my BP blog post about it by clicking here)

If you are still renting there is nothing else you should be thinking about except getting into your own home.

Stop giving the landlord your money

Stop missing out on tax benefits

Stop missing out on the appreciation build up

Stop wasting time

There are people right here on biggerpockets, and in Northern Virginia that have been on this forum for the past 5 years talking about

Some of the most common questions I see from new members on the forum are "How do I find a mentor" How do I find comps" "How do I evaluate a deal" "What is the first step I should take with real estate" "Where do I begin"

Here is the answer to all those questions! Buy your own home!

1. You will get me as a mentor during the buying process

2. You can learn how to find comps

3. You can learn home to evaluate a home both physically and by the numbers

4. You will take the first logical step in your investing career

5. You will get an experienced guide to take you through the transaction

6. You can learn about negotiation and how to strategically plan the purchase and negotiation before it begins.

7. Plus much more.

Planning a purchase takes time so do not wait to contact a Realtor until you think you are ready. It's my job to get you ready. Too many future buyers make decisions based on what they think they know about real estate, or even worse, what their friends think they know. This is not a car sale, We need prep time to be strategic and get you the best deal possible on your home purchase.

Feel free to read my BP blogs here to get a feeling for who I am and how I operate.

If you feel I am the right agent for you, begin your home search by registering on my website. My website is powered directly from the www.imperiumhomegroup.com

If you have questions and just want to talk, feel free to reach out to me directly and I will be happy to discuss your goals, and get you on the right path to making a purchase in a reasonable time frame based on your individual situation.

I put together a FREE HOME BUYER GUIDE loaded with valuable information relating to purchasing a home. Click here, fill out the form, and get your copy now. http://bit.ly/2qXEqjt

They are not paying down principle as they are leasing from you not owning. They will pay a fair market rental rate, I would check the local laws on adding more to that as a credit for the down payment. 

Honestly, a lot of these agreements end with the tenant leaving the property for a million different reasons. Your upside is the highest possible option fee.

If they are able to qualify to purchase great, if not, the option expires and you move on to the next. I suppose if you want to make sure they qualify you can offer some sort of referral to budget counseling or credit repair, but ultimately it's their responsibility to be in a position to use the option.