All Forum Posts by: Sean Griffin

Has anyone ever used software to plan their route ahead of time when driving for dollars?  I want to make sure that I take the most efficient route and hit every street in the towns I am targeting.  I have found apps to track the route I take as I am driving but have yet to find an app that plans routes ahead of time and is capable of hitting every house in a given town.

 @Craig Moore The deal I'm closing on next week is going to be my first.  I work full-time for a commercial real estate investment company in Boston during the week, so I've only been a part-time agent.  I also haven't actively pursued listings or buyers, as my intention with getting my license was to act as my own agent when I buy and sell flips.  

That said, United gives all its agents a 12 session training course called "Jump Start" on all aspects of being a successful real estate agent that will help you learn how to do all that.  I did the course and it was very helpful to me in getting started as it really does map out everything you need to know.  The broker is also very accessible and has been helpful whenever I've had questions.  

The typical day can really be whatever you make it.  The broker is flexible and works with all different people in different ways depending on their goals and experience level.  Personally, I work remotely on just about everything and have only been into the office twice since starting there.  

We have a mix of heavy hitters who have come over to the office from big name companies and newer agents like me.  A decent number of us are part-time, and the more experienced part-time agents at the office tend to average 4-6 deals per year.  

If you want to speak with the broker, PM me and I can give you his contact info.

@Craig Moore I have been with United Real Estate out of Norwood for 5 months now and have been very happy with it.  It offers all of the same support as the other national brokerages (leads, training, CRM, online presence) with a flat $65/month desk fee and a $550 transaction fee (no commission split).  I am closing on my first flip next week, and I'll keep about $1,000 more of the commission than I would have with Keller Williams, which was the other brokerage I was considering.  

@Joddie Mcclain I don't know about the companies you mentioned, but the setup with United is similar and lets you keep much more of your commissions.  I know they have locations in Florida, but I'm not sure where they are in relation to you.  Most of the agents with my branch rarely go into the office since everything we need is online.  

Check out http://www.unitedrealestate.com if interested and let me know if you want more details on my time with the company.

I am close to closing on my first flip. Closing has been held up for almost a month due to a title issue. A prior mortgage discharge was signed by a company acting under POA, but the POA was never recorded. The seller (a bank) has agreed to sign an indemnification stating that they will take responsibility for resolving the title issue. This will allow me to get title insurance and move forward with the closing.

However, my attorney has advised me that if I am going to resell within a couple months this title issue could still be pending resolution at the time of sale.  The indemnification agreement will still be in place, so the buyer will still be able to get title insurance and move forward with the transaction and resolving the issue will remain the bank's responsibility.

Any thoughts on how I should proceed?  Has anyone ever experienced this before?  

I am financing a flip with private money from a family member.  This is the first time either of us have done this and we are not sure how to document the loan.  We are pretty sure we need a mortgage and promissory note.  Is this correct?

I will be taking one lump sum to close on the property and a few disbursements throughout the course of the rehab.  Is there a way to combine these into one loan and document it all with a single mortgage and promissory note?

Who would draw up the documents for such an agreement?  Is there a way we can do it ourselves, or should we hire a professional/

Hello BP community.  I am a new flipper focused on Norfolk county and southern Worcester county.  My goal is to flip two properties in 2017 and four in 2018.  I'm looking forward to meeting other investors and forming mutually beneficial relationships here on BP.