Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Morry Eghbal

Morry Eghbal has started 2 posts and replied 242 times.

Post: Questions About Wholesaling as a Realtor

Morry EghbalPosted
  • Real Estate Investor
  • Rancho Cucamonga, CA
  • Posts 258
  • Votes 90

Here is your answers and I can write a book about them.

1) When a seller calls me in response to some marketing, do I have to tell them right off the bat that I'm a licensed agent?

Yes, absolutely and make sure on all your solicitation you put our R.E. license.

2) Do I have to state "owner/agent" on the purchase agreement if the I'm taking possession in my business name?

Yes, here is how you should state. you are purchasing for a LLC. or whatever entity and you have ownership of it and you are A realtor.

3) After I have a deal under contract and want to market it at my REIA meeting, do I have to state "owner/agent" on the flier if it's actually my LLC that has the equitable interest at that point?

yes, sir

4) As an agent, I'm not allowed to pay referral fees to non-licensed persons, but could my LLC pay referral fees to non-licensed persons for leads that might become a wholesale deal?

Do not pay referral fee to non-agent whatsoever. 

let me say this...the law is not against you purchasing for profit, but it is against you not disclosing your interest......

HERE IS THE BIG ONE. be careful if you buy them in default! or in foreclosure. 

Thanks for any insight you can offer.

Post: Does updating a rental property tend to bring a higher caliber of renter?

Morry EghbalPosted
  • Real Estate Investor
  • Rancho Cucamonga, CA
  • Posts 258
  • Votes 90

I know that area very well, I don't think you have any problem of getting good tenants. Start with Craig's list.

Post: How do we show Hard Money Lenders our track history?

Morry EghbalPosted
  • Real Estate Investor
  • Rancho Cucamonga, CA
  • Posts 258
  • Votes 90

@Stanley Okazaki you are a smart guy. They don't need to go that far. The are lending the money based on the property. 2 or 3 years is the most they ever want to know. 

You can pull the information from the recorder's office. If they have an index of grantor, grantee. 

Post: Do you call Absentee owner if you could get their numbers?

Morry EghbalPosted
  • Real Estate Investor
  • Rancho Cucamonga, CA
  • Posts 258
  • Votes 90

No questions, absentee owners are one of the greatest sources of business for Realtors and Investors alike.

I am Just curious to know how many on BP would call absentee owners by phone try to list or purchase their properties.

Post: What kind of car do you drive?

Morry EghbalPosted
  • Real Estate Investor
  • Rancho Cucamonga, CA
  • Posts 258
  • Votes 90

I have a 2011 Prius  with 150,000 miles on it. I love it.

Post: Indianapolis Realtor

Morry EghbalPosted
  • Real Estate Investor
  • Rancho Cucamonga, CA
  • Posts 258
  • Votes 90

Work with @Shawn Holsapple 

Post: Realtors license or bachelors in business management?

Morry EghbalPosted
  • Real Estate Investor
  • Rancho Cucamonga, CA
  • Posts 258
  • Votes 90

Knowledge is power, learn and educate yourself as you have done. Keep on learning.

Post: How do we show Hard Money Lenders our track history?

Morry EghbalPosted
  • Real Estate Investor
  • Rancho Cucamonga, CA
  • Posts 258
  • Votes 90

They will know from your tax return.

Post: VM leads by aggressively demanding callers...worth the trouble?

Morry EghbalPosted
  • Real Estate Investor
  • Rancho Cucamonga, CA
  • Posts 258
  • Votes 90

You can always give them your price and leave it at that. 

Post: Zillow, Redfin, and other real estate sites

Morry EghbalPosted
  • Real Estate Investor
  • Rancho Cucamonga, CA
  • Posts 258
  • Votes 90

You will do fine to connect with a Realtor who can help you to identify the deals.