All Forum Posts by: Patrick Flaherty

Well... I'm not a realtor.  But it's the seller that pays the fees, not the buyer.  Soooooo a lot of that seems moot.   

NOW... if you can get a lower price on a property by convincing your agent, or both agents, to give up part of their commission, that would be interesting.  

Also don't forget some of that commission goes to the agents broker, if they themselves are not the broker behind the deal. 

Lastly, I do agree it's a bit whacky that a 200k house and a 2Mil house give the same 3% for theoretically the same amount of work. 

This is my only real estate investing experience. I've done quite well over the years with the REIT "O".

At this time I'm interested in diversifying my portfolio with rental properties within driving distance of San Diego.   I know a good cash flowing property is hard to pass up.... but the market seems on the cusp of some volatility and it's keeping my sidelined, for now.

The market seems to have been driven by free money and foreign dollars looking for a safe hiding place... cough cough China.  Both of those factors could be coming to an end very soon.  Or I could totally be wrong and we could see higher highs... 

I probably wouldn't be obsessing and just dive in if I wasn't in a market where a starter home is 500k+  

I'm a serial entrepreneur that hasn't quite mastered, "my businesses working for me rather than me working for my businesses".    Fortunately I've been successful enough to have cash flow that I plan on putting into rental properties to create MORE cash flow.    I'm looking to be fairly passive.  I don't have time to create a new business... YET.  But maybe one day.  Goals are to: Diversifying my portfolio, gaining experience in real estate and best of all... GAIN ANOTHER INCOME STREAM! 

The San Diego market (where I live) seems a little to bubbly for me and I don't like the cash flow valuations here.  So I'm currently evaluation several other markets: CA central coast and Central Valley of CA.