All Forum Posts by: Rodney Lorenzo
Rodney Lorenzo has started 15 posts and replied 118 times.
Post: The more agents you have looking, the better
- Posts 119
- Votes 45
Quote from @JD Martin:
Quote from @Rodney Lorenzo:
Quote from @Christian Maluo:
For me in Oregon, it's required to get a buyer representation agreement signed at our first meeting. I get a lot of unsolicited investor texts that are generic that someone is clearly copying and pasting to the entire agent roster. I don't respond to those texts. When a buyer is serious, they'll sign an agreement, show POF, etc. I don't work for free. You don't either.
@Christian Maluo An investor still has to go out and search on his own correct? From your perspective, what's the strategy to get a realtor to find you deals?
My experience: until you've actually done "a deal" with an agent, unless you have a good track record with some other agent that you've worked with in the past that will vouch for you (and some good reason why you're not working with them any more), no one is going to take you seriously for long even if you can show someone proof of funds. Agents are like everyone else - they want to get paid. If you're just looking for pocket listings or something similar, you're probably going to be severely disappointed. If you're looking for homes that hit the MLS, you ought to be able to strain it down yourself pretty quickly and then perhaps ask your agent to dive deeper into a specific property. If you're expecting an agent to be scouring around trying to find off-market listings for you, then you will definitely be disappointed.
I did a lot of deals with my agent over the years. Most of them were properties I initially identified as having possibilities for me. My agent's job from there was to dig deeper and see where we might go and what might be lurking under the surface: why is this sitting so long? What's the story with the property next door? How long until this clears probate? Is there a sinkhole in the backyard? ETC. Eventually as we got a good relationship going he knew exactly what would and would not interest me, and he found me a couple of deals.
I do have an agent that sold a building for me which I'm very satisfied with. Very experienced and very knowledgable. Another agent who was referred to me, is also an investor, so I would be competing directly with her and her long list of mentees whom she has favorites among those of course. I would be at the bottom of the list. What you said is doable but takes time because I'm not just going to jump at the first property, after the mistake I made with the first one. I may have to consider the MLS too, but because I want to BRRR, the possibilities on there are limited, especially in the current market: houses are sitting longer which exposes me to less profits in the long run. There's talk about the housing market potentially dragging the economy down, but that's just talk for now.
Post: The more agents you have looking, the better
- Posts 119
- Votes 45
Quote from @Christian Maluo:
For me in Oregon, it's required to get a buyer representation agreement signed at our first meeting. I get a lot of unsolicited investor texts that are generic that someone is clearly copying and pasting to the entire agent roster. I don't respond to those texts. When a buyer is serious, they'll sign an agreement, show POF, etc. I don't work for free. You don't either.
@Christian Maluo An investor still has to go out and search on his own correct? From your perspective, what's the strategy to get a realtor to find you deals?
Post: The more agents you have looking, the better
- Posts 119
- Votes 45
Quote from @Mohammed Rahman:
Yeah, that’s a common issue now—especially in competitive markets like Westchester.
Agents want exclusivity because they don’t want to do all the legwork just for you to close with someone else.
But if you’re an investor, locking into one agent can kill your flexibility.
Here’s how to handle it: be upfront and honest.
Tell agents you’re actively building your investment team and that you’re still in the process of finding the right fit.
Say you're looking to do multiple deals over time, and if they bring you a good deal that works, you’ll absolutely close with them—no games.
That way, you're not promising exclusivity, but you are promising loyalty per deal. A lot of agents will respect that if you’re clear and professional.
Also, some agents might be fine working with you without an exclusive buyer’s agreement if they see you’re serious.
If you have proof of funds or a solid plan, they’ll take you seriously even without a contract. Just don’t waste their time—if they bring you something, act on it.
@Mohammed Rahman, From past experience, I hired a so-called hungry agent but the guy never told me the underlying factors of the neighborhood I invested in. Maybe he knew more than what would've killed the deal and his commission, but at the end of the day I was the one stuck with one of the worse managed buildings, in one of the worse neighborhoods of the city. I don't think hungry agents are that effective, if what they're aiming at, is that commission.
I have a couple agents, but whether they're actively looking for me, is the question. These days, it seems realtors no longer look for deals for anyone, unless they're personal friends or you pay them a "fee" so that your name can rise to the top of their list. The market, as of now, has houses sitting on the market for months. I want to BRRR, but with sellers having to chip away at the asking price, I need to profit and right now, this market isn't very BRRR friendly.
I can act on a deal they bring me just as long as I'm going to get something out of it. I refuse to act on the deal they get me just to appease them with the deal being mediocre. The deal has to be a very good deal. In the meantime, the stock market is my friend.
There's talk about the housing market crashing. I'll have to wait and see if that's true.
Post: Avoid Revolution Properties LLC at all costs
- Posts 119
- Votes 45
Quote from @James McGovern:
@Rodney Lorenzo I am certain you are dreaming about Jon Clark and the mental beatdown he handed you. Your mom can testify to what I like
You and your gay lover John Clark are the bullies of BiggerPockets I see. What gets me, is that this is what you have written on your profile:
Home Inspector
I am available to help new investors choose properties worthy of investing in and help them avoid getting in over their head.
Ummmm, correction. You're available to give them a tongue lashing like your daddy taught you. You don't know ****, which is why you're on here attacking me. You must be inbred, LOL
Post: A former tenant just scammed another landlord
- Posts 119
- Votes 45
Quote from @James McGovern:
@Rodney Lorenzo how did I get duped? My comment was about preventing other landlords from getting exploited
This happened to you clown and you know it. You know what they say, small pecker, small brain.
Post: Avoid Revolution Properties LLC at all costs
- Posts 119
- Votes 45
Quote from @James McGovern:
@Rodney Lorenzo the neighborhood has an adult theater where men like you go and find prostitution. Of course you did your homework on the neighborhood at an expert level as you are the smartest person on this website
Oh really now? You seem to know more about this theater than I do. Of course, you live not too far away? Did you know prostitution is illegal in CT and soliciting one can get you a record? What else do the gay men do in movie theaters? Care to elaborate since you seem to know plenty about the subject. Now I understand why you can't show your face, LMFAO
Post: Avoid Revolution Properties LLC at all costs
- Posts 119
- Votes 45
Quote from @James McGovern:
@Rodney Lorenzo I am certain you are dreaming about Jon Clark and the mental beatdown he handed you. Your mom can testify to what I like
I saw a post where you cried about a former renter scamming another landlord. If a renter can pull a fast one on your small brain, then all I can say is that I have no hope for you. Stay out of RE loser
Post: Avoid Revolution Properties LLC at all costs
- Posts 119
- Votes 45
Quote from @John Clark:
Quote from @Rodney Lorenzo:
Quote from @James McGovern:
@Rodney Lorenzo I am certain I know more about tough love and real estate in Hartford than you ever will
Do you know me? Scum like you like to judge books by their cover. Why don't we meet in person since we're so close? Chicken? Too comfortable in your basement with your questionable magazines piling up in the corner?
Stick with Series E bonds, Rodney. They're all you can handle.
I'm doing much better in the stock market pedo man thank you.
Post: Avoid Revolution Properties LLC at all costs
- Posts 119
- Votes 45
Quote from @James McGovern:
@Rodney Lorenzo why would I want to meet you in person. I don't have any interest in meeting other men. I am not gay like you with your fetish magazines. I bet you visited the Art cinema as part of your neighborhood tour
What's the Art cinema? It seems you know more about that then I do. Did women always reject you, which is why you're too afraid to put your face pic on your profile, that you've now turned to men? Make sure you dream about me tonight when you go to bed OK freak?
Post: Avoid Revolution Properties LLC at all costs
- Posts 119
- Votes 45
Quote from @James McGovern:
@Rodney Lorenzo because someone didn't acknowledge your fragile emotional state makes them a coward? Likewise the City of Hartford has not cut back on law enforcement in that area. In fact they have increased it
It seems I live rent free in your head and because you have no friends or magazines by your side, your thin skin isn't doing too well is it? An increase in law enforcement doesn't do **** and you know it. Try harder next time.