All Forum Posts by: Christopher W.

Hi Hazel,

I asked a question about this here:
http://www.biggerpockets.com/forums/103/topics/37474-california-foreclosure-consultant-

The general consensus was that if you are not charging the homeowner then the law does not apply to you.

Maybe something has changed since then? I don't know, but I haven't heard anything.

That's great Alex! Congrats!

I guess I should be lucky I only got 7!

She wants to be the C buyer? I don't think there are any issues with that by itself as long as she doesn't have anything to do with the A-B side. The bank may have something to say about that. Maybe they will not give her the commission or something?

It may be my inexperience here, but this doesn't make sense to me. If she is the Realtor on the AB side then why purchase it at C? Why doesn't she just purchase it from the A seller and get someone else to negotiate it?

Hey Happy Birthday big guy! Have a great one!

Originally posted by H Mann:

I'm a realtor. How do I go about doing this? I use myself as the agent on deals, and my cousin as the investor.

Some might call it "unethical," oh well.

That seems like it is in a gray area. It is obviously not arm's length but I don't think that is a requirement between you and the investor. I guess it is not that different than if you were to use an investor off of BP or if one approached you off the street.

I think it only has to be arm's length between the investor and the homeowner, right? You couldn't be the investor in a short sale of your parent's house for example.

Originally posted by Caleb Whitney:

Ok, so I was under the impression that this "tutorial" was going to show me how to actually print the lines onto the blank yellow paper. So what you do is purchase lined yellow paper.

Caleb, where do you find blank yellow paper that is the same weight and texture as the legal pads? The only blank yellow paper I could find is the same weight as blank white paper.

You can always just write your message on lined yellow paper and scan that in. Then print it on your own paper, but then you lose the personalization that this method provides.

Great tutorial! Thanks Jeff!

There is one small thing that I have heard - The banks won't like you being the listing agent AND a principal on the contract. I don't think they will deny it right off but they will not pay you a commission on the A-B side. You can still get a commission on the B-C side if you are the listing agent... or you can give your commission to the buyer's agent on the B-C side to make it more enticing for the other Realtor.

Originally posted by Joshua Dorkin:

Originally posted by Tim Wieneke:

Maybe he was busy at his day job.

lol. And what would that be?

Putting together another $10,000 training boot camp.