All Forum Posts by: Todd Trader

@Michelle Dong pm me your number and I'll call you in the morning. Your pickings are slim at that price point here in South Florida.

There may be other options. Just need to know your end goal...and how fast you're wanting to get there.

@Andrew Menkes there's a few government backed loans structured like a 203k. They allow you to finance the rehab into the loan and they oversee it making sure it's done legal and right. The downpayment is 15% . All the numbers and contractors are in place before close.

One caveat is you have to own the property a year before you sell.

This type loan would be perfect for duplex, triplex, or Fourplex. You don't begin making payments until the property is move in ready.

Put an offer in...with a Due Diligence clause....

Welcome! PM me and I'll hand off a SOLID contact in that area. He and another in 3.5 years built up a portfolio of $50m with only 40% debt. They accept solid/serious partners only. Nothing shady.

If you really knew how many guys and gals like you "want to build" relationships to have the agent run comps and show properties....and then never see them again, OR close a deal.

Today is not the "good old days". If you are a professional, you understand the cost to do business. I'm not saying comp an agent on everything he does...but offer a retainer. If the agent accepts it, I doubt they will in the beginning if you are serious and do what they ask of you. You'll write it off as a cost of business anyway.

What a good agent will want to know, DO YOU HAVE FINANCING...if you don't, then follow their lead to the best investor friendly lender with multiple programs you can qualify for. DO YOU HAVE THE NEEDED FUNDS TO WRITE AN OFFER WITH EARNEST MONEY & THE FUNDS TO CLOSE ...pretty simple. If you can provide those, ANY FULL-TIME AGENT will work for you tiresly.

Good trustworthy knowledgable agents are a lot easier to find then actual ready, willing, and able buyers/investors. 

Good luck.

p.s.There are some GREAT investor friendly loans that offer investors 15% down AND they will finance and oversee the rehab....with NO PAYMENTS DUE until turn-key.

If you want a Real Estate agent to work with you....QUALIFY & HAVE THE MONEY TO CLOSE. Or at the very least pay them a couple hundred upfront for their time. What do think because you've watched tv on flipping, professionals should bow down to you? R.E. Agents GET PAID to sell...not be a babysitting tour guide.

As a Realtor for 23 years I've worked with many investors over the years. In my early days I'd work with those investors that didn't value my services nor my profession. Those investors don't do much anyway. A lot more talk about what they will do in the future. 

I've found investors that really understand the value of each trade of the investment consider quality and consistency in their purchase. Hence it's not hard to figure out 6% costs at the projected end of the flip. And account for it in the buy.

Selling quickly with proper marketing is just as valuable as the carpenter, electricians, plumbers, painters you hire....even more so because Realtors only get paid for closed results.

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Address?

It's showing not occupied? Your saying it's flowing $1600....any pictures or video? Books with rental history? Any liens or government assessments on property?