All Forum Posts by: Josh Hay

I have the opportunity to buy 200 spec homes built by a national builder. They are at 70% LTV. Is this a good value? It is in a major city.

So, a person has the connections for REO packages (I don't have any, just made some right connections). What is the best way to find the investors? It seems that everywhere I turn there is already a million people with connections. Nobody trusts that you can come up with what you have. How do you get started networking outside of your area?

I hope that in your REI club you told everybody this guy is a shady. The 90 days after your contract should only be for properties he has provided you. Look into, I don't think it is for properties others have shown you at the end of the contract.

Like it was said before, go to his broker and save all correspondence.

I dont think this is entirely true. I don't want a bunch of listings, if they are not going to work for me. I would rather have 10-12 good listings that I can be doing open houses, receiving phone calls that are in high traffic areas, rather than having 25 listings that are just going to sit.

Yes, Realtors with listings will do better than those that are just buyers agents.

I will charge anywhere from 4-6%. Anything under 6% I pay the buyers agent more than half. If I list for 5%, I will receive 2% and pay b.b 3%. Make sure that your agent writes out what they are paying out to the b.b. Two many agents say they will list at a reduced % and then split it with the b.b. A lot of agents will skip a listing if it only pays 1.5-2.5% when the house down the street will pay 3%

Branson is hot. I am from Springfield and live in Gilbert, AZ. I have a couple of my investors looking into commercial deals out there. Look at how fast the condos sold on the new downtown waterfront. 8 million tourist a year. There is a huge need for housing.