All Forum Posts by: Rakan Abuzahra

Hi Cole,

Not sure if I missed this, but I don’t believe you mentioned anything about financing in your posts or replies.

These days, everybody and their mom wants to be a real estate investor. It’s a buzzword.

The problem is that 90% of people aren’t really prepared for what they’re getting into. They think it’s going to be a breeze and when they hit reality they often give up.

I think what happened was that he deemed you as one of these new investors and pretty much wrote you off. Have you spoken to a lender and gotten your financing in order, or at least know what you need to do to get all of your ducks in a row?

Also, having specific criteria helps for an agent to take you seriously. I often talk to investors and ask what type of investments/numbers they look for and they say “I don’t care man, whatever makes me money”

That’s a big red flag. A good investor usually, not always, but usually has certain investment types that they stick to and know the kind of numbers they’re looking for by heart.

Hope this helps!

@Bryan O. thanks for the reply. Yes it's around the University of Delaware. The demand is extremely high and the property is one of the best in town. 

Hi guys, So I'm working with an investor who's interested in purchasing a rental property. We have potential tenants lined up already; the thing is he doesn't want to lose those tenants while in the process of closing on the home. Is there some kind of conditional commitment or pre emotive lease agreement he could have the tenants sign agreeing to rent the house after he closes? I'm in DE if that makes any difference.

Thanks guys. I guess one thing I'm still murky on is that it seems like most of the time you'd be going for properties that aren't actively on the MLS for one reason or another. So I would think that MLS searches wouldn't be very helpful because if they are listed, they most likely want retail price and then that could get very confusing having 2 agents commission and a wholesaler taking a bite out of the sale.

How can realtors and wholesalers work together? What value can I as an agent provide to a wholesaler? I have a client who is new to real estate investing. He is currently wholesaling to start building capital to do some of his own investments. Obviously we'll be invaluable with his own investments, but I'm just wondering how I can help him get to that point and what I can offer in the meantime? I work my *** off for my clients and I'd love to help him grow his business, but I'm just confused about how this could all fit together. 

So me and my partner are looking into getting into property management and I have a couple questions regarding the business. Some are simple, and some are state specific but any help is appreciated! Background: I'm a full time licensed REALTOR and I'd be starting this on the side mainly with my business partner who isn't licensed. 

1.) I looked up the requirements to be a property manager and everything I've seen says you need your brokers license (in Delaware). I'm guessing since I'm already under a brokerage (kw) that that would count? Or do I need to personally have my brokers license?

2.) What can I do vs what could my unlicensed partner do? In the real estate pre licensing course I believe they told us that the only thing you can't do while unlicensed is negotiate and fulfill lease contracts. Is this correct?

3.) How profitable is property management really? From the little research I've done it almost seems like more trouble than it's worth. It also seems like if you scale it and start hiring employees, your margins would stay the same and you'd be pretty much growing at the same rate as your payroll. I'm not getting into it to make a killing anyway, I love the real estate game and I'm a workaholic so that's not problem to me. I work with a lot of investors and I think this will be a good way to strengthen that relationship and add value to that too. Any opinions though?