All Forum Posts by: Mark Skaff

@Jaysen Medhurst

Thanks for the information! After some research I found it not worth wile. 

I've been cold calling banks to buy their REO properties for a fix and flip before they go to market.

One of the banks brought me a deal but it's one I'm not interested in flipping.

I have my RE license and was wondering if it would be rude to ask them if I could list their property on the MLS?

This would be my first deal with this bank and I wouldn't want them to get a bad impression.

Thanks in advance for the advice. 

@Tyler Hespeler

Hello Tyler, there is a REI meeting in SE CT that meets in the groton area. You can learn alot about local multi family properties there.

@Mat O'Grady hosts the meeting.

If your interested let us know.

@Matt Hangsleben

I too just considered this situation. I was putting in 10% and my employer was matching 5% I decided to lower my contribution to 5%.

It hasn't been a long enough time period to tell you it's worth it or not.

I would recommend running some numbers to see what would fit your situation.

@Dan K.

Dan, if you figure it out let me know.

I tried the do not call list and that actually made it worse. Now I block the numbers and it has slowed down some bit.

Good luck searching for your answer.

@Justin Malachowski

Getting a RE license takes time and money upfront, but is worth it. The knowledge you gain from the classes and being in the industry is beneficial. Also, you do keep some of the commission on the buying and listing side. Which that alone pays for the license.

@Troy Vincent

Everyone has great ideas. I would like to add that its possible to do private money. Family and friends for example.

@Matthew Sloan

Other real estate listing companies have a sold feature (Zillow, trulia etc). Which you can refine your criteria even more to match bedrooms bathrooms, etc.

When looking at the sold just make sure they have been recently sold and are similar to your subject property.

You should also do this and compare it to what your realtor ARV is. Doesn't hurt to check their numbers.

@Jay Helms This is when the big WHY comes in to help. Remember why you got started with RE in the first place and let that drive you to be more confident. The first couple are always tough. Then as time goes on you will get more comfortable with the meetings.....once you get comfortable again that's when you stretch yourself to do something else your uncomfortable with. Good luck.

@David Monroe Good luck with your business endeavors!