All Forum Posts by: Timothy W.

Exactly.

Construction's been the family business for at least 3 generations. I was 12 years old when dad asked me if I wanted to help him on one of his jobs. The rest is history.

I've had some success with social network marketing. It's important that you be an actual person who owns a business rather than just a business on a social network.

Tim

Congratulations Jason! 3 future investing success stories now. :-)

I've been thinking about it and I'm going to get mine for 2 reasons. 1 - I want the info on the MLS and I want it faster. 2 - I want to have the freedom to list my properties directly if I ever decide to sell one. I buy from banks so I have no issue of disclosure to sellers. I'll disclose it and they don't care as long as I can pay for the property. It's pretty cheap where I'm at to get licensed so I'm going to just get it.

No, it's not bad areas. My areas are actually quite nice and a lot safer than Chicago. It's areas where people are predominantly renters, not owners.

I said I like the guy AllCash was talking about for his style. Flying into town, picking up the 9mm in his safe deposit box, then getting his rent cash, then flying back out of town. Has a certain Jason Bourne panache while being a very profitable system...lol. :mrgreen:

Toby,
I understand your position as a realtor looking at mls properties but we're talking about a piece of property well beyond the means of most people. She didn't get this through a realtor. A porn film producer was going through a divorce and she knew a contact through the bank who knew she had the cash to get it done.

Sounds like my kind of guy. :D

I've seen your realtor. Take her to Cancun for the weekend. :wink: Just kidding!

You should be able to calculate what she would net out as an individual realtor on a commission for selling these properties. I would calculate the 5+ combined as a commercial deal then figure out her broker split then find the number equal to what she would have seen on a comission check. That should give you a fair place to start. The seller financing has no extra value up or down to her as a listing though it has value to you as an investor. However.....if you gave her a bonus for that, I'm thinking you're probably going to have a realtor who's locally connected who's now going to check around to see if there are any other seller financed deals.

Thank you John. It's what my dad's done for 20 years and it's working pretty well for him.