Comments on: Final Broker Choice http://www.strugglinginvestor.com/2009/10/final-broker-choice/?utm_source=rss&utm_medium=rss&utm_campaign=final-broker-choice Struggles of a First Time Investor Mon, 06 Feb 2012 15:01:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: strugglinginvestor http://www.strugglinginvestor.com/2009/10/final-broker-choice/#comment-1205 strugglinginvestor Wed, 04 Nov 2009 19:22:19 +0000 http://www.strugglinginvestor.com/?p=1572#comment-1205 I will be building an investor list, but because I want them as buyers and contacts. :) I will be building an investor list, but because I want them as buyers and contacts. :)

]]> By: Phillip http://www.strugglinginvestor.com/2009/10/final-broker-choice/#comment-1204 Phillip Wed, 04 Nov 2009 17:51:49 +0000 http://www.strugglinginvestor.com/?p=1572#comment-1204 Build your own investor list and get the higher commissions.. Sound like you will make more and have less in house competition of other agents.. Build your own investor list and get the higher commissions.. Sound like you will make more and have less in house competition of other agents..

]]> By: strugglinginvestor http://www.strugglinginvestor.com/2009/10/final-broker-choice/#comment-817 strugglinginvestor Wed, 04 Nov 2009 14:22:19 +0000 http://www.strugglinginvestor.com/?p=1572#comment-817 I will be building an investor list, but because I want them as buyers and contacts. :) I will be building an investor list, but because I want them as buyers and contacts. :)

]]> By: Phillip http://www.strugglinginvestor.com/2009/10/final-broker-choice/#comment-816 Phillip Wed, 04 Nov 2009 12:51:49 +0000 http://www.strugglinginvestor.com/?p=1572#comment-816 Build your own investor list and get the higher commissions.. Sound like you will make more and have less in house competition of other agents.. Build your own investor list and get the higher commissions.. Sound like you will make more and have less in house competition of other agents..

]]> By: strugglinginvestor http://www.strugglinginvestor.com/2009/10/final-broker-choice/#comment-797 strugglinginvestor Sat, 31 Oct 2009 00:31:53 +0000 http://www.strugglinginvestor.com/?p=1572#comment-797 Jim,<br><br>At this point I am not looking to invest in rentals. I'll be wholesaling properties, which means I won't have to tie up my money for to long if at all. I could use transactional funding or just plainly assign the property to another investor. There will be no need for a mortgage on my part. And to rebut your statement "You surely can't be flipping in this market"....<br><br>You sure can! You can flip in any market, it's all how you buy. Just go to the <a href="http://flippinghomes.com" rel="nofollow">flippinghomes.com</a> forum and ask if anyone is flipping properties there and you'll see. Jim,

At this point I am not looking to invest in rentals. I'll be wholesaling properties, which means I won't have to tie up my money for to long if at all. I could use transactional funding or just plainly assign the property to another investor. There will be no need for a mortgage on my part. And to rebut your statement “You surely can't be flipping in this market”….

You sure can! You can flip in any market, it's all how you buy. Just go to the flippinghomes.com forum and ask if anyone is flipping properties there and you'll see.

]]> By: jimlonz http://www.strugglinginvestor.com/2009/10/final-broker-choice/#comment-796 jimlonz Fri, 30 Oct 2009 20:03:28 +0000 http://www.strugglinginvestor.com/?p=1572#comment-796 It sounds to me that you are investing in rentals. Because the regulations<br>requiring keep earnest money in escrow as opposed to using as working<br>capital and other regulations that set you as a real estate agent to a<br>higher standard, you would be better off not being a real estate agent. Get<br>an agent that is knowledgeable and let him collect the three thousand<br>commission. In the long run you are spending a dollar to save a dime. I have<br>set up a program that gives the investors that I represent all pertinent<br>information, cost, expenses, mortgage options and the monthly cash flow. So<br>all that an investor has to do is decide if it is worth doing. You surely<br>can't be flipping in this market. How much cash do you have on hand? With<br>banks wanting twenty per cent down and banks only loaning a max of four<br>properties, you are going to be tied up pretty fast aren't you? It sounds to me that you are investing in rentals. Because the regulations
requiring keep earnest money in escrow as opposed to using as working
capital and other regulations that set you as a real estate agent to a
higher standard, you would be better off not being a real estate agent. Get
an agent that is knowledgeable and let him collect the three thousand
commission. In the long run you are spending a dollar to save a dime. I have
set up a program that gives the investors that I represent all pertinent
information, cost, expenses, mortgage options and the monthly cash flow. So
all that an investor has to do is decide if it is worth doing. You surely
can't be flipping in this market. How much cash do you have on hand? With
banks wanting twenty per cent down and banks only loaning a max of four
properties, you are going to be tied up pretty fast aren't you?

]]> By: Shae http://www.strugglinginvestor.com/2009/10/final-broker-choice/#comment-798 Shae Fri, 30 Oct 2009 12:50:41 +0000 http://www.strugglinginvestor.com/?p=1572#comment-798 WTG Scott :-) Decision made! WTG Scott :-) Decision made!

]]> By: strugglinginvestor http://www.strugglinginvestor.com/2009/10/final-broker-choice/#comment-788 strugglinginvestor Thu, 29 Oct 2009 16:57:59 +0000 http://www.strugglinginvestor.com/?p=1572#comment-788 JP,<br><br>Oh I definitely have the pondering/agonizing problem. I'm doing my best to over come that, as yesterday afternoon I called the small broker (#3) and told him my intent to sign up with them. Now I've got to just call the other two and tell them thanks for their time but I didn't choose them. JP,

Oh I definitely have the pondering/agonizing problem. I'm doing my best to over come that, as yesterday afternoon I called the small broker (#3) and told him my intent to sign up with them. Now I've got to just call the other two and tell them thanks for their time but I didn't choose them.

]]> By: jpmoses http://www.strugglinginvestor.com/2009/10/final-broker-choice/#comment-783 jpmoses Thu, 29 Oct 2009 15:37:01 +0000 http://www.strugglinginvestor.com/?p=1572#comment-783 Personally I'd go with Carey's broker. ;-)<br><br>My best advice is to stop agonizing over the decision and give yourself 60 seconds to go ahead and make one. This is a big lesson I'm learning right now in life...if you're feeling indecisive, it's better to go ahead and move forward quickly most of the time than to spend time standing in one place too long pondering/agonizing over it. By nature I'm a ponderer/agonizer in situations like you're describing. <br><br>I'd go with the smaller guy...I like the flexibility of the smaller guys...but just make a decision and move forward. If you don't like it, you can quickly switch. Just don't spend a bunch on business cards too quickly. ;-)<br><br>...jp Personally I'd go with Carey's broker. ;-)

My best advice is to stop agonizing over the decision and give yourself 60 seconds to go ahead and make one. This is a big lesson I'm learning right now in life…if you're feeling indecisive, it's better to go ahead and move forward quickly most of the time than to spend time standing in one place too long pondering/agonizing over it. By nature I'm a ponderer/agonizer in situations like you're describing.

I'd go with the smaller guy…I like the flexibility of the smaller guys…but just make a decision and move forward. If you don't like it, you can quickly switch. Just don't spend a bunch on business cards too quickly. ;-)

…jp

]]> By: strugglinginvestor http://www.strugglinginvestor.com/2009/10/final-broker-choice/#comment-781 strugglinginvestor Thu, 29 Oct 2009 14:56:36 +0000 http://www.strugglinginvestor.com/?p=1572#comment-781 That's what I was figuring Carey. The fees for them each were pretty much a wash if I were to become an active agent. That's what I was figuring Carey. The fees for them each were pretty much a wash if I were to become an active agent.

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