Real Estate

My husband and I are on the verge of tackling our first house flip but need to build up a team of reliable and experienced professionals to call on — a leading person in this group is obviously a good realtor. The agent who sold us our first (and current) home is nice enough but SUCH a naysayer on investment properties. So she is out! How can I track down someone who is proven, efficient, and worth their commission?

What do you think a good realtor will do for you in finding properties for you to flip? Realtors are too hung up on keeping their fudiciary responsibilities in tact than assisting their clients in selling their property even if it is going into foreclosure and their client will lose their home.

Look at the real estate agent that sold you your home when you asked her about investment properties and her attitude. Well that is about what you will encounter in other real estate agents.

You might find a need for one later, but for now you need a marketing plan to find properties that are in foreclosure, probate properties and other distressed properties.

You have to develop a system of finding the properties yourself, so you can have a consistent number each month or quarter or however you want to do them.

It is always a good idea to flip when you know what you are doing. In this regards you would normally select an area of your choice that is good for you to work and close to where you reside.

I would suggest that you go to your local book store and purchase a couple of books on foreclosures, distressed properties, and buying, rehabbing and flipping. You might also find several other books that you would like to purchase. You might also find a few listed in your public library.

You might also purchase one of the TV guru’s programs. In the program you will find several things of interest. You will find script to use on potential individuals that you would want to purchase their house. A slew of legal forms that you can use as well as a formula that will tell you if the property you are purchasing is gonna give you a profit or not and how to use the formula.

Their package will also tell you things you should look out for in your purchase as well as things to that you should beware of.

You should form yourself a professional team to assist you in your newly found career. This is a partial list that you might start with an attorney, real estate agent, a mortgage broker, a home insurance agent, a notary public, a title rep as well as an escrow closing agent. You might want to add or take away depending on how you feel.

You will also need to develop away to market yourself so you can have an unlimited amount of properties to buy and sell even in a slow market. I will list a couple of ways to accomplish this.

#1 Advertise in the local newspaper that you purchase foreclosures and other distressed properties.

#2 Purchase a foreclosure list from a list broker (Do a mailing campaign like everyone else)(You might also cold call off this list but you must beware of the no-call list)

#3 Select an area in your city to devote full time work in. Walk the area for about 2-3 weeks telling the folks outside their homes what you do pass out flyers out ling that you buy foreclosures and distressed properties as well as probates.

After 3-4 weeks of walking in the neighborhood, contact your title rep and ask for a farm package of the names of the people in your farm area. Now each month mail a newsletter to the names on your farm list.

This method should give you 1-2 housed per month to buy and flip, word of mouth will give you another 1-2.

That will keep you busy with enough to do and earn. You can always expand and you will as you learn more about your trade.

I hope this has been of some use to you, good luck.

"FIGHT ON"

The numbers don’t look too good for sales of homes…and with the american consumer being grossly gouged over the past 5 years with product being so over-priced, is it any wonder that now we get our due, as realtors?

Do I deserve to make a buck off the misery and percieved value to customers? Am I really just a house-pimp?

Are you kidding me? This is dumbest question I ever heard.

If you think it is your fault the housing market went up and people leveraged themselves to the max – then fine take the blame, but you had nothing to do with it.

Your job is selling homes for people – now more than ever ever people are going to need your help.

The question is if you percieve your profession as the cause to this dilemma, then do everyone a favor and quit.

I dont want to spend too much on commision and closing cost, can anyone recomend a company? What should I look for and avoid?

ask friends, family, neighbors etc to recommend a real estate agent, Having a good agent is more important than which company they work for. Find someone you can trust by getting a personal referral, never cold-call an agent.

the cost (fees etc) is pretty standardized, it won’t vary much from one company to the next. expect it to be 8% to 10% of the total sale price.

I have been to these sites:
1. realestate.yahoo.com
2. zillow.com
3. trulia.com

Which site do you you think is the best one?
Do you know about any other sites?

Since "all real estate is local" I think the website should be local also. If you are looking for real estate in Houston Texas there are several web site (at least three dozen) that have the entire MLS in search-able format. Most high production real estate agents provide this access on their website at no cost or obligation.

I see no advantage to a national site.

I plan to leave it and hope it will turn to be a big profit after 2-3 years.
Any suggestion?

I like the Cohen & Steers Premium Income Realty Fund, Inc
Stock symbol RPF.
Cohen & Steers Premium Income Realty Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide high current income. Its secondary investment objective is capital appreciation. The Fund will invest at least 90% of its total assets in common stocks, preferred stocks and other equity securities issued by real estate investment trusts (REITs) and other real estate companies. It invests in sectors, such as diversified, regional mall, office/industrial, apartment, healthcare and shopping center. The Fund’s investment manager is Cohen & Steers Capital Management, Inc.

Looking for information to file a complaint against a realtor in Indiana. I believe this realtor has violated the code of ethics. Please help or advise in any way you can. Thanks in advance.

This is the way to file a complaint against any one who deals in contracts or business… Call the State Attorney Generals Office and request a complaint form from the Comsumer Protection Dept. They will send you a form to fill out and return in the snail mail, included with the form will be the instructions on how to fill the form out. Be clear and concise with your information and have evidence available when they request it. If you are not completely satisfied with this answer there are some other route that you can take such as filing a complaint with the State Board of Realtors just to mention a few. Good luck with your endeavor.

I was wondering how many realtors are in the malibu area? Please do not respond with "too many". I am looking for a number.

thanks!!!

type "Malibu California Real Estate" in the yahoo search bar and page after page of company’s and private names will appear on the screen.

I also do mortgages so I have thought about:
-AK Realty & Finance ( my initials)
-Winter Park Realty & Finance Corp. (from Winter Park, FL)
-Radar Realty
These are just a few I have thought of;PLEASE HELP!!!

what about the Dirty money company..
you like dirt aka real estate, and money aka mortgage lending or you could just call it.. Dirty Money.. real estate and mortgages it will get peoples attention and you will stand out in a crowd and that’s what you want.there is a guy here called the dirt merchant and he makes a killing because people remember that name.. he is a real estate agent. have fun with it.our what about your palace real estate and mortgage company.. OK that’s all i have good luck

ideally I would like to specify house type 3 or 4 bed see the different locations of the houses on a map.

Try nethouseprices.com

http://PerformanceWebPage.com REALTOR Training – Most Realtors need training on how to get a web page to produce leads. The purpose of a great web page should be based on the results of its lead generation ability… Most real estate agent training focuses on script and dialogue, important stuff, just not the right Realtor training for producing a great lead generating website.

Most real estate agents get a web page based on looks and cost and do not understand its function as a lead generator or prospecting tool, they often treat is as a business card or a one stop shopping site for all the needs of a buyer or seller.

If you are a serious Realtor and want to get more leads, watch this video and you will have a new outlook on how a web page should and can be a massive lead generating tool for your business.

http://CommissionGusher.com

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