I'm guessing they were there to show the house to prospective buyers when the realtor could not make it?

Hey all,As you may recall from my last post, I've been having a hard time getting any interest from prospective wholesale buyers via phone and email.

But no amount of naysaying ever deterred me, even from those closest to me.

The furniture credit at a local store sounds good in theory, however, what I really think you are trying to do with your idea is capture that OHMYGOSH moment that a prospective buyer has when he/she walks through the door and sees the house of their dreams fully furnished beautifully.

noobdog1 says it all pretty well. there are plenty of shady practices going on in NYC brokerages... loopholes and such to fleece dollars from RE prospects, "application fees" should be closely examined before paying them. there are scams with "applications" that usually result to nothing other than just someone collecting your money.

Will my prospective bueyrs have harder time getting a mortgage because the house is being sold by an llc?

PROS: You get to meet a lot of great people, see a lot of homes, control your own time (to a degree), and can make money.CONS: You get to meet a lot of not-so-great people (buyers who waste your time, sellers who are unreasonable), deals that fall through (especially when you are counting on the commission), working late hours, and finding prospects.The hardest part for me is finding good prospects.

@Pat L. ...and others, would you recommend that I actually raise the coverage issue with my current insurance agent, or contact a prospective insurance agent.

I am now called the Tourist Guide because prospective tenants line up at the door sometimes almost 10 people and I have to control who enters, 2 at a time.Only if I dont get the apartment rented by the last week I will show it every day in the evening.Renovations are stressful but the good thing is that I only buy one building a year, lets say for 700K.

Contrary to popular belief a lot (not all) of section 8 tenants like and respect beautiful places.Most people are unfamiliar with most of these areas and are deterring potential investments from places that need it the most.