All Forum Posts by: William Broxson

 Conventional, fha all reasonable but bank statement is rough. 150k is usually the lowest but they will do down to 75k with consideration.

Does anyone know of any lenders willing to do a bank statement loan under 100k? or any other creative financing. Purchase price 89,500 client has up to 15% down. Also what are the dti requirements? This will be a primary residence. Any other suggestions would be great. She is 1099 her 2023 taxes are great but 2022 has quite  few deductions and does not have 5 years of the same 1099 experience. Just trying to save a deal here lol.

It is certainly harder to house hack that's for sure. But, if when you move out rents cover the bills then its an ok deal, if it covers every thing and leaves you positive A couple hundred per door then that's a good deal. 

 Ive tried google ads in the past with mixed results. Trying to keep lead cost down right now as im getting waxed from realtorDOTcom and there lead service.

I mean what are the numbers? Did you over pay to begin with?

In my experience, most brokerages will take anybody even if they try and make it sound like they are somehow more exclusive. Make sure your asking about ALL of the fees and see what the brokerage is willing to pay. My current brokerage pays for my dollop, E&O and we have no fees out side of a franchise fee per transaction plus your brokerage split. No copying fees, desk fees ect, and they often provide us with free stuff which is cool. Good luck!

So just curious as to what everyone is doing for listings right now? I don't really want anymore buyers (unless they are in the upper price range) as I have a few and I can't find them anything and when we do its multiplies with just a chance of getting an accepted offer. I have a few listings in my pipeline, one at the end of July, one waiting on probate which should be done soon, one waiting for family to argue out what's best for dad when we sell his house ( no timeline), one smaller sale they hope to list within the next 3-4 weeks and one that is an old co-workers dads house they've just been dragging their feet on cleaning it out and listing but talking price the want more than its worth ugh. I don't not consider these guaranteed since we all know anything can happen but I do have previous experience and a good relationship with all but 1 of these.

Wheres everyone getting listings, I've tried sending letters to expired's within the last 3 years got one call but now he's not answering, I've sent out letters for my recently sold's. Ive sent letters to homes that I drive buy which have tall grass and I never see a car. In the past I've had luck messaging fsbo on Facebook market place but lately most of them want too much or they are a wholesaler ugh! Low to no cost ideas are the best. Whats everyone else's inventory like now? Are you finding that a lot of new listings are probate, estate ect?

I agree with read Set For Life, I Think it will give you some general knowledge, basic ideas and then you can come back here for advice or with more questions. Hustle and save!

This is why I suggest a PM, its their job to collect so they can't listen to all the sob stories. See if there is any local help, choice housing voucher or something similar. Jobs and family service I believe will give some immediate help for food...

Ive gotten one lead recently from open houses. I think instagram and tick tock are just a way to stay top of mind to friends and family ect. Ive not obtained and leads that have closed with facebooks ads however, what I do is go through my office listings ask the listing agent if I can list it on Fb marketplace and do that. Ive gotten a few leads and even double ended some of my own listings this way. Post cards. I've sent out about 5k post cards and have 1 call, we are waiting for the house to be out of probate and I think ill get the listing. I have not sent post cards to the same group of people multiple times which I hear can be a lot more effective.

Ive gotten a few leads just reaching out to friends and family. Remember a lot of these leads are going to be nurture leads and you'll need to follow up. The lower hanging fruit, the people that are ready to go now tend to be fsbo's and expired but they tend to be a little tougher and often times annoyed with agents as they are getting a lot of calls text ect. I have gotten a few fsbo's and ill tell you when you get the listing its an amazing feeling for sure!

The key is consistency and follow up set a goal. 20 or more, 5x a week and try to have some kind of meaningful conversation with that many people each day!