All Forum Posts by: Brett Tousley

You can look for a 100% split brokerage with low monthly fees.  There are quite a few on your side of the mountains.  Better Properties is one I remember but there are many more.  You may also find a small or solo broker that you can work something out with.

It won't be a free ride, you'll still have NWMLS dues, licensing, Realtor fees if your office is a member and some sort of fee to the brokerage for the liability of carrying a new agent. Some E&O policies may have limits on how many of your own projects you can do a year without a premium increase, so make sure you are upfront with your intentions when speaking to designated brokers. Not all will welcome you, but I suspect most will.

Welcome to the area Nathan!  Yes the banks are notoriously cheap when it comes to property preservation and bpo's.  I avoid working with them and just try to catch their mistakes when they list them. :)

I know there are several companies out there offering unsecured financing via credit cards.  Has anybody been through the process?  Would you do it again? What's the down low on the whole deal?

I'm curious to know why people are paying large fees to apply for several credit cards to access cash advances which are spendy.  Is it difficult to find these 0% deals online on your own?

Cam, I'm thinking you didn't mean to come across like you did in your original post?  Probably just frustration talking I'd guess?  You've received some very good responses from investors and brokers.

I guess I would empathize that a well funded or financed investor and a smart real estate broker can make a lot of money together but you need good communication and mutual respect for it to work.

Let's get this thing started BP!

Jeremy, thanks for the question!  Not every client would bother to even ask the question.  In short, you are probably the type of investor I like to work with.

You mentioned you are finding the homes and bringing them to your agent most often.  Does your agent have a clear picture of what you view as a good deal or a home you would buy?  

As a real estate broker, here's what I want to know about you to help me best serve you. 

What do you want to buy?

Where do you want to buy it? 

How many do you want to buy? 

How you are going to pay for them?

If your agent knows the answer to those 4 questions and isn't living up to your standards, you may need to find another agent to work with?  But first, I'd have a conversation with the current agent about your concerns.  He should be able to tell you whether he can live up to your expectations or not.

I'm all for it, what do we need to do to make it happen?

Welcome Dustie, you are in my old stomping grounds.  I sometimes miss seeing Mt Rainier every day but I sure don't miss the traffic!  

 Clearly I'm hanging around with the wrong people :)  That's great news that you've found accessing money relatively easy.  I hope to be there soon.  It's the last piece of the puzzle I need to get going and has become a bit of a frustration at this point.

@David Oldenburg I can't speak for Patrick but I suspect he will agree with me. As a seasoned broker that has put together 20 or so successful flips, knows the market and construction costs and is realistic/conservative with his ARV's, finding the deals isn't the issue. They are out there.

The challenge is the financing.