All Forum Posts by: Maugno M.

yassssss

@Daniel Jodrey I use that strategy, and I have not been able to sustain. I use alot of my personal money to fund my real estate ventures. It works with a good w2, but sometimes you get confident and things dont go your way and bam, you in the hole. After i unload my latest flip, i will be paying off ALL my debt, and keeping everything strictly separate. I already have seperate accounts for my personal and llc's, but i find myself transfering loads of money from my personal accounts to my LLC'S to keep them going. I dont want to keep doing that !

@MK Boatswain
@Quito Keutla
@Joe Splitrock
@Ian Walsh
@Troy Gandee
@Russell Brazil

I want to save on this property as much as possible, since i'm over on my budget for it. That's why i didnt want to use an agent.
Listing it for a flat fee and then Buyers agent commission, will almost put me at the price to just list it with an agent.

I called the agent that listed a house down the street from me and already has it under contract. Says he has 15 years experience. He told me he put it under contract a couple days after he listed. He did tell me my 85k price point might be to high because the square footage on my house i fixed, is like half of the one he put under contract in the 90k range. But i did every fix to this house, with granite, backsplash, tile, hardwood floors, a/c. ..

I just fear sitting on the house, and it not moving... maybe hiring the agent will get me a quick sale which is what i want.

@Charles Kao The price point is around 85k. 

@Russell Brazil I went into Real Trends and started playing around with it, hopefully I can get some data for my town, Tyler. Maybe just using the same realtor the guy down the street used sounds good, ima wait till it closes and see how realtor handles. 

I'm blown away, for 2018 top agents have huge numbers. #1 guy is here in Dallas area with over 1B in sales.

@Russell Brazil I understand the picture now, of what @Jay Hinrichs is saying. Yeah this is a home under the 100k range, so maybe a top agent doesnt even care for %6 commission he'll make at that price point. That's what im afraid of, giving it to another amateur agent and they letting it sit. I could do that myself.

How can i get info or stats on top performing agents in my area? Any website for that  . . .

@Jay Hinrichs Thanks for the feed back, I have seen that on BP about members just using a flat fee service to get on the MLS. Do exactly how you said it, get buyers to call me. If an agent brought me a buyer, i could even then negotiate for buyer to pay the realtor commission. But I think i'd even pay the 3% commission if agent brought me someone. Better than paying the full 6%.
I am stretched thin, went over on rehab so i can use any penny i can save. But like others have mentioned, maybe it'll pay itself off getting agent.

@Will Gaston
@Dan Maciejewski
@Cassi Justiz

I have alot to think about. Ive done several flips where i don't remodel just sell as is, or several vacant land deals all cash and have done a Brrrr but this would be my first major sale.

I want to sell on my own to get a feel of what a RE agent does. If it went well i'd consider get my RE License and grow my business. 
on the other hand, if i got an agent to sell I could learn from them and duplicate it in the future.

I have to do 6% commission right ?

@Brian Pulaski
@Ray Johnson
@Mark Burlison

There are a couple of homes down the street. The owner of one of those homes was trying to sell himself and he wanted 92k. I called just to inquire and give myself an idea of the market value in the neighborhood. He never sold and i saw that he ended up using a realtor. Well i see it on Realtor.com and it's listed at 97k and under pending. I was shocked, i thought he was asking to much.

I just completed a rehab on an SFR and i am hoping to put it up for sale asap. I'm having a hard time deciding if i should use a listing agent to market the house and get me top dollar, or trying to do this myself. I'm pretty good with paperwork on RE already, so i think i can navigate and negotiate everything without an Agent. I was also thinking of listing it and just doing like a 3% commission to the buyers agent. I just would hate to go under contract and the other agent beating me over the head during inspections or contingencies that'll make me lower the sales price.

Any thoughts or advise on this ?