All Forum Posts by: Rohan J.

@Rebecca Belnap I see where you're coming from, but I disagree with the points you made. Of course I "trust" my RE agent, but what does that really mean? We haven't known each other for a very long time, and we haven't ever done business together - I certainly have no idea what is going on inside of his head. People can quickly change their behavior when large amounts of money are on the line.

RE transactions are huge, and building a rapport to truly trust someone would take a very long time - I'd much rather be upfront about my expectations and, if within reason, add a contingency.

Yeah it's great if you're the buyer, but I'm approaching this as the seller of the property.

Hi BP - I wanted to throw this question and see if anyone has done this.

I am selling my investment property in CA, and I am meeting with an RE Agent tomorrow.

One thing I wanted to ask him was to include a contingency that he can only represent the seller (me), not both the buyer & seller.

The reason I want to do this is because I've heard of too many stories of significant time & money lost when the agent has incentives to get double commission (stalling the deal, going with a lower offer because it gets him double commission, etc). 

Is this a reasonable contingency?

Hey Todd Dexheimer - that's one hell of an accomplishment. Any thoughts on how to find these sexy "secondary markets" ? I've been looking at the standard Midwest hotspots (KC, Indy, etc) , and haven't had any luck with finding larger apartment complexes (20 units or higher). Starting to totally agree with you that these hot spots are places to avoid haha.

I may be getting my first ARM soon (8/1 ARM on 30-year amortization, rates between 6-8%) to fund a quadplex, as it is currently my only option for financing this. What are some of the pros and cons of using an ARM instead of conventional fixed? Are there any other questions I should be asking my lender? My assumption was that I could just refinance in 5 years time...

Awesome work! Could you post the dates of the major events ? E.g when you acquired the property, when you started rehab, ended rehab, and when you cash out refi'd?

Welcome! I was in your spot as well, and ended up investing in Kansas City instead. Much better returns than out here. Would recommend over LA for starting out.

What areas of these do you see as the most affordable? Or best bang for the buck?

Thank you everyone!

If anyone has recommendations for a knowledgeable Commercial Agent in Indiana , please feel free to message me :)

Hows that area in Indiana? If possible, would love to hear the details over a PM :)