All Forum Posts by: Mark Harris

So the numbers definitely seem to have a weight to them.

For those of you that have been doing it a while - where do you find yourself being most critical in your do-diligence?

@Wes Blackwell Great information thanks! It definitely seems to be a seller's/realtor's market right now, and aligning each other's goals in terms of deals for both sides makes sense. What would be a realistic example of such a finders fee?

I'd love to hear about other kinds of creative incentives investors have created for their realtors.

For my first deal, I'd like to find a single nationwide lender for pre-approving a loan so that multiple realtors from different markets (and states) will be motivated to find better deals. I'm more than happy to shop a different lender in the local market after i find a good deal. (milwaukee, madison, sacramento, austin..etc)

Does this sound like a smart idea?

I'm definitely an analyzer type personality, but anxious to make my first deal (buy and hold). I'm curious to know what makes you guys confident in saying "YES" to a deal? Is it the numbers, the experience, the excitement, the people, etc?

I'm in the process of deciding to invest in a few out-of-state markets. One of the biggest challenges is building a team in a remote market (Milwaukee WI, Madison WI, Austin TX, Sacramento CA..) Being that I haven't yet committed to one market - Decisions for my first deal will be decided based on how comfortable I am with a team between one of these markets.

With that said, Given members of my team (ex: Lender, Attorney, title company, etc..); Which team members will I need in each market, and of which do i only need one?

@David Faulkner This is exactly the kind of information i was looking for. After thinking i was only going to buy/hold, I'll have to look into these other strategies to expand my options for success. Great advice - thanks!

I like the idea of working with people that mutually benefit from each other's success. Great feedback, thanks for the comments.

The keys here sees to be Diligence and Patience.

Excellent information, this is super helpful. 

@Andrew Fielder

Great points.  From my limited research and interest in San Francisco, Milwaukee WI, Madison WI, and Austin TX...

Where do you think our cycle is in these areas?

I've been asking realtors for recommendations for Lenders, Pm's, and Contractors. Is this a bad idea or can i trust their recommendations are mutually beneficial for me as well?

Thanks BPers