All Forum Posts by: Susan Dobbs

@Sabine Franklin

I am an investor with my RE license. Also, I am in PSL.

If you want to handle the listing yourself and do not want any RE Agent representation, contact a local RE Attorney (I have a great RE Atty in Stuart if you need one)who can draft up and assist with any contracts and escrow/title. The good, not listing commissions on the seller side, but if you want agents to bring a buyer to your listing, you may want to consider a buyer's agent fee.

There are several good reasons to help with this process...what you will learn will be immeasurable and then there's the BAD side...the things that could go wrong in any transaction and immense...

I am, however, interested personally on the investment side. Is this an investment worthy house or are you hoping to get above market on it? If the latter, and you want to make the highest $$ then work with a realtor. If it is an investment type house, please DM me with the details. Feel free to contact me with any questions.

Good sites to list the property since you are not currently on the MLS:

Zillow.com

Realtor.com

Reddit.com

Craigslist.org

Facebook Marketplace

Best of luck!! :)

First of all, welcome to the community!

Second, well done on investing into your own future and educating yourself about real estate while your cohorts are out partying!

I would most definitely speak directly to a bank or mortgage broker to find out what you're able to do as a first time home buyer. Every circumstance is unique and you would be a first-time home buyer which banks have all sorts of programs for. 

If you have income and a down payment, another option would be to find a property that the seller would be willing to finance for you (the seller would have to own the property out right). Then, pay the mortgage and rent out the other units or rooms and watch the cash flow roll in. Be sure to also set aside part of your cash flow for unforeseen expenses (vacancy, damage, repairs, etc.). The step of "house hacking" will be an amazing investment that will be a great stepping-stone into the future. Be careful in all of your dealings and be sure to pop back on here if something seems amiss. 

Keep reading!! Listen to all of the BiggerPockets Real Estate pod casts and read all of the books that you can! Best of luck!!! You can do it! Where there is a will, there is a way!! Go make it happen! :)

@Matt Lyons I love this!! I am working in buying investment #3 and every little tidbit of experienced investor knowledge helps!! Thank you so much!!

@Elijah Brown They say, good things come to those who grind!! Congratulations on your accomplishments!! Very impressive story and look forward to your future book -- no doubt you have quite a story to tell!

@James Wise you think it's a bad idea to help another company grow and scale their business?

@Greg Dickerson Great! Thanks! I'll go look them up.

@Greg Dickerson

That is exactly what I was thinking. Would you might elaborating a little more on how you have approached the subject with other businesses?

@Kimberlee Fleury of course the suds would have additional work with others, but thinking the investor would have ownership in each business....would be helping out his subs by him making the investment in them - havinging equity ownership in their company and profit off of their success and at the same time they would be helping him out...maybe I am not explaining it correctly? Trying to come up with a win-win for both sides.

I am working with an investor that is spending big money on employing his trades people for reno and repairs on his commercial properties. He is considering letting them go because of the costs involved and hiring out his subcontractors to do the work instead.

I just came up with the idea of him potentially becoming a silent investor with subs in each of the needed trades so he would get priority treatment and wondered if any of you have ever done that and if so, how did you structure the deals?

I should start off by saying that I work for a large commercial real estate investment firm and they have given me the task of setting up an incentive plan for employees of our firm to partake in some of their real estate investments.

I am trying to wrap my head around the concept and figure out the first step to take in getting this type of incentive started. Obviously, there is a giant legal issue to discuss but wondered if any of you have been involved in this type of structured deal geared towards employees?

It almost seems like profit sharing except each employee would actually have part ownership in a piece of real estate...

Thank you in advance for any insight into this idea.