All Forum Posts by: Monica Breckenridge

@Angelica Vargas

The cheapest agent isn’t always the best agent. A good agent can get you more money for your house. I would check zillow.com for an agent with most sales and reviews. Also check google.com for reviews. Also you need to check out current listings on zillow to see how the agents are marketing a house. Only choose a realtor that has professional photos. Does the agent use matterport 3D? Does the agent have a home website for your home? Does the agent do video? How is the agents social media presence? These are all ways to get you top dollar for your home.

@Jasmine Feeney yes They said in the news coronavirus scare and election time made the rates go down. We are seeing VA loans getting locked in at 2.5%. That is some cheap money.

@Michael Spindler I have an open house class we did and I recorded it. By far the cheapest and fastest way to build up your database.

@Dan Mackin Hi Dan, I am a millennial and started investing at age 25. Everybody thought I was too young and nobody would take me serious. But the truth was I wasn’t too young and everybody loved me. My personality would make our homeowners feel good in a bad situation.

@Matt Paris Zillow is by far our #1 leadsource of getting rental leads. I know it sucks that they are charging now but I recommend paying it. I use rently to feed into zillow and the other multiple sites they feed to.

@Alberto Mazatan Trevino you don’t build long term wealth from flipping properties. If you stop flipping your income stops. Its a full time job. I think flipping is great as a starter to get quick cash. I used the cash from my flips to advertise to find me more rentals. I personally think rentals as the way to go. That is not a full time job. You can retire with the rental properties.

@Daveron Boston Do you have money for advertising? If no money I started by door-knocking the foreclosure list. I specialized in short sales when I started. If you are going door knocking I recommend first being knowledgeable about the short sale and foreclosure process.

@Cameron McNulty I bought most of the homes full price with Sub 2 existing financing. My values doubled in less than 10 years in my market. I did buy a few on short sales and got a loan on them. But my primary focus was sub 2. You are limited with the number of loans you can get in your name.

@Paul T. i have done all of those. Right now I just send out my postcards to a zip code. I will spend anywhere from $3k-$10k a month when being aggressive.

@Julio Velazquez the seller would only benefit if there is not enough equity to sell the come with a realtor or conventionally to pay off the loan. It can cost up to 10% to sell a house. If the seller has no equity they may have to go to closing with money. This way they can walk away from the house and not have to worry about fixing up the house or making payments. As long as you make the payments on time every time it will not hurt the seller. Please dont ever buy a house sub 2 if you yourself are not financially able to cover the mortgage. You dont want to ruin somebody else’s credit.