All Forum Posts by: Patricia Joseph

I'm a real estate agent in Georgia. In the last few weeks, I've had 2 potential buyers, both with steady income, denied mortgage financing due to them reporting business losses on their tax returns. After deducting losses from income, lender approved 1 buyer for $90,000. which, with the low inventory, will not buy you a decent property in the suburbs of Atlanta. The other buyer had better credit and lender wouldn't approve a W2-only mortgage. Outcome: lender said both have to wait until next year after tax filing and show no business losses. Is it worth pursuing other lenders and finding alternatives for getting them financing now? Any advice would be helpful!

Wow @Collin Schwartz! This is impressive--Congrats! I'm with you; it's scary to think that my life will end up like my coworkers just watching the clock; uugghh!

@Jake Thomas sounds like you are reaching out to FSBOs. If so, what's the key to working with this group? I've recently started marketing to FSBOs offering them marketing tools to find buyers, but haven't had much luck in reaching them by phone. I've also sent direct mail pieces as well. Any suggestions? TIA

Hey all,

I recently ran a test FB ad to see if I could get leads for sellers looking to sell their rental properties. Surprisingly, I did get some leads, but not sure what type of info I should send them. The service I subscribe to sends the partial lead info to Cole and returns full contact info if available. So, for a few of them I do have the owner's full contact info. Do I send a CMA, or is there something else of value I should send? Thanks!

@Jake Thomas I really appreciate you giving us a snapshot in how you managed to succeed starting as a part-time agent. How do you find the people who are already advertising they will pay a buyers agent 3%? Are you prospecting FSBOs? I would love to help working professionals who want to invest, but don't have the time to look for properties. A few of my co-workers fit this category, but I'm not sure how I would go about finding others.

@Jordan Decuir right now, I'm working with buyers, who are my co-workers. Really easy to work with this niche because the trust relationship has already been established. To me, it's much harder trying to convince strangers to trust you with one of their biggest financial investments.

@Jake Thomas do you mind sharing some of your strategies that helped you as a part-time agent? I struggle with time blocking & lead generation (cold-calling).

@Anthony Dooley such good advice, and exactly the path I'm trying to take as an agent.

Thanks @Will Barnard for taking time to explain the benefits to having a RE license. I can definitely see the benefit in #1 when buying investment property.

@Bob Okenwa @Christopher Giannino - thanks for the info!

@Bob Okenwa - if I understand correctly I would have to be licensed in that state in order to represent myself as the buyers agent, when I'm buying my own investment property. Is that correct?