All Forum Posts by: Travis S.

If you're talking about rentals, then you subtract the operating expenses and the mortgage payment from the gross rents to get cash flow. Operating expenses are about 50% of gross rents.

As a screening tool, if you divide the monthly gross rents by .02 (or multiply the monthly gross rents by 50), that will give you the maximum purchase price for finding a property that will cash flow.

Good Luck,

Mike

Hello,
The questions I have are:
1) Would getting my license limit me for some investments?
2) Would having my license limit opportunities with working with agents?
3) What is the advantage of getting a sales license or brokerage license as an investor?
REI_Joe

Not very related to the topic of notes, though. I've never heard of real estate agents getting involved with buying or selling notes. Is this something agents would do?

Jon

Hello,
I have read many of your post and you are seeking for knowledge in many different directions. Iam a realtor maybe I can help you out a little.
Life, for you would be so much easier if you were to use a realtor until you get your feet planted flat on the ground. A little hint a good investor will not by pass a realtor why? Because we have the capabilites to make your life easier.

Many investors use realtors to find properties for you to purchase and they have the names and addresses of the properties owner . You will have to hunt this information down. The relationship of the realtor and investor is fair exchange no robbery. The realtor finds the property you want to purchase.
When you are ready to sell you let the realtor sell the property and this will make life so much easier for you. Once you have learned the ropes maybe just maybe you will suceed in your goal how to avoid the real estate cost.
Most of your FSBO end up listing with a realtor check the stats in your state. As quiet as it is keep avoid the realtor and your lawyer becomes the realtor you are still paying the commission. Check your town for Cosing Agents you can not escape them they are everywhere. :wink:

My brother attended the Charleston event to see what it was all about, from what I understand it was pretty much just Richard talking about his company and discussing branching out nationwide but without any real plan in place. My brother received some emails from them asking a bunch of questions, but it never went anywhere.

Honestly, without knowing your business model, I couldn't even begin to make suggestions on the website. Who are you targeting? Why should they use you? I *think* you are trying to wholesale but it's unclear.

Without knowing your intention, I would say you could at least start by focusing your efforts on improving the spelling and grammar on your website. Get a good proofreader or writer - I'm a little (ok a lot) anal but if someone doesn't care enough to get the basics right on their main marketing face to the world, it makes me wary of doing business with them.

That aside, let us know your intentions and maybe we can give some further recommendations.

The homes that you are selling clients, are they homes that your company has already purchased or are they listed homes?

I don't quite understand either, why would someone use you Vs. a realtor to find a home. Do you have MLS access and can you find ALL the listed homes in your area?

On a side note, you may want to revamp your website; some of the wording is awkward and misleading. I also notice that you are the CEO and president of the company, thats great and so am I but I don't tell everyone that; being the CEO or president of a company means that you KNOW all the answers, I mean all of them. It's better to be a member in your company for this and many other reasons. Just my .02

"I have a client that have a home listed with an agent. The agent have had the house on the market for more than a year. The owner wants me to sell it for him and he wants out with the agent. Also he's a out of town owner."
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Besthouses,

I'll give you a couple of sites to search for comps but first...I'm a bit confused about exactly what you're doing here.

You mentioned the term "client" and then you mentioned that the owner wants you to sell the house for him. Later in your post(s) you ask for places to pull comps so I think it's fair to presume you aren't a real estate agent, correct?

If not, be very careful because it has the appearance of you attempting to broker without a license. If you aren't acting as a principal in the transaction...that's a can of worms better left unopened.

Okay, for realistic comps, you might want to try:

no fees - www.realtor.com

subscription - www.realquest.com

For grins, you can check out www.zillow.com but don't put too much weight on their results.

Good Luck,
~Dan