My mother has been a real estate agent for the last 20 years and I have been looking to get in the game myself for a while. 

Retired from plastics industry in 2008. Did not get the retirement benefits I should have. I have owned rental properties off and on since the early 80's. Right now I own 1 rental. Looking to start flipping to supplem...

Lets do it together real quick:80K ARV20K Rehab50K PurchaseMoney borrowed=70K Time borrowed= 6 moHard money Costs=7K (10% of 70K: 2points on front 2 points on back, and 1% a month)Real Estate Commissions=8K (10% of 80K: 3% to listing agent, 3% to buyers agent, and 4% to title work, doc stamps etc)...so the flipper would take 6 months to lose 5K and you still havent gotten paid either...But wait, there's more: Upon further inspection the wholesaler's numbers were wrong anyway, the flip is going to take 32K and the ARV is really only 64K and I can only buy it for 12K (lets say 9K to the seller and 3K to you)12K + 32K = 44K Hard money costs 4.4K and closing costs 2.5K, RE commission is 4KTotal costs = $54,900Sale Price = $64,000Total Net to flipper= $9,100 Joseph, I am not necessarily a mentor, yet. haha but I would be willing to answer any of your questions. 

@Ronald BourgeoisI'm not sure people realize how much competition there is in being a 'Real Estate Agent'?

Most agents are thinking retail price for primary residence when setting a sale price.

The only issue I have had so far is with our agent, he has been a pleasure to work with, very nice and helpful but.... in my opinion not experienced with investors.

I'm using Mike ferry scripts and I'm just now starting to practice them. I'm looking for individuals that are looking to get better at what they do.

If your interested please let me know.

Thanks

Willie

Hi everybody, I run into a home that an agent want to sell, is off market, is located in Santa Clara close to the Levi Stadium.

The seller disclosed the long term leases on two of the units, but only provided the expired, 2 year old lease and the rental increase notices for the other two  and did not produce the additional long term leases that tenants shared with me.I'm in a bind here, I can't break the leases and can't stay in compliance with the loan terms.I've already reached out to my agent, who is fortunately a commercial brokerage with an attorney on staff, but have not heard back.

We are fully capitalized and are looking to acquire around 10 Buildings the first year.Any info would be great.Real Estate Agent, Broker, Contractor, Prop Mgmt