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All Forum Posts by: Scott Johnson

Scott Johnson has started 47 posts and replied 593 times.

Post: Engagement vs. Down Payment?

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 603
  • Votes 375

@Anthony Wick

I’m 100% with Anthony on this. Listen to the episode of the Rich Dad Radio show where Robert interviews Kevin O’Leary. He outlines the mindset we’ll.

Or just use the asset to buy your liability. Why not have both? Find out how much the monthly payments are to finance the ring, and buy a property that cash flows that or more per month.

Simple, effective and you get both! Hire a property manager and now you focus PRIMARILY on school. Just make sure to do your property walks and review your PM’s reports he sends.

Post: Engagement vs. Down Payment?

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 603
  • Votes 375

@Caleb Heimsoth, Adam ruins everything doesn’t he?! I take the same stance.

Post: Realtor showing my wholesale for commission

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 603
  • Votes 375

Per the description, a realtor here in North Carolina informed me that she wants to show the property I’m wholesaling. She agreed to 30% of the Contract Assignment Price (minus closing costs) as her “commission” if the buyer she brings to the table closes. 

She’s fully aware of how the contract assignment process works and that this is a cash deal only. She will be signing a non-disclosure agreement to protect our information. 

My questions:

Does anyone know of any resources where I can learn more about writing an agreement for someone who will be showing my property to one of their leads, aside from an NDA.

Is there any difference between a realtor showing my property and my  Grandmother? I just know it’s a highly regulated industry and I don’t want to put them at risk.

Thanks in advance!