All Forum Posts by: Patrick J.

Is financing the same for 2 houses that are under one address??

Is an LLC Sole Proprietor or LLC S-Corp better to qualify for a mortgage? What is more favorable towards lenders? Also, how do rental losses affect future mortgage applications?

Do rental losses limit future borrowing power for mortgages and what is the work around that? Forming an S-Corp?

@Nick Boring

BoringRealty.com

@Nick Boring

People have a perception that agents are flashy, crazy, obnoxious, salesy and in your face which many are. People who are obnoxious and in your face annoy me so I think "The Boring Realtor" is great in targeting a niche that hates obnoxious Realtors.

"WELCOME TO MY OPEN HOUSE!!!!!!!!!" Instagram stories. I can't stand obnoxious people.

@Jay Hinrichs

In reference to how Realtors allow buyers to waste their time and drag them by the nose, what do you think of Ricky Carruths philosophy who is a top producer at 1 million gross commission per year saying show as many properties to buyers as they want, no buyer broker agreements and write low ball offers all the time. That's literally what he has stated in his videos and he's a top producer.

An anomaly????

@Joe Cassandra

I don't think niching down is a great strategy unless it's based on the luxury market or location focused.

I think location focused niching is better than any other form because one can spend all of their time and marketing budget in one area instead of going city and state wide.

Also, none of the top producers I've seen have a niche besides either the luxury market or location based.

@James Wise

"Most Realtors worked 35 hours per week." That's has to be a skewed stat. How could they track number of hours and what would most mean??

If most realtors actually worked 35 hours per week lead generating, then 80% would not fail within the first 2 years. The only thing that really matters is lead generation. You can even hire a real estate attorney to deal with all of the paperwork.

@Justin Thorpe

Cash flow in those cheap working class neighborhoods will be useless once you have capital expenses, high turnover and bad tenants in a bad location.

Never worth it. B and at worst C class areas are where people should invest. Look at all the people who did turnkey investing with Morris. High cap ex, bad tenants, high turnover and are now left holding the bag.

@Justin Thorpe

Cash flow in those cheap working class neighborhoods will he useless once you have capital expenses, high turnover and bad tenants in a bad location.

Never worth it. B and at worst C class areas are where people should invest. Look at all the people who did turnkey investing with Morris. High cap ex, bad tenants, high turnover and are now left holding the bag.