All Forum Posts by: Brandon Vukelich

@Roman Rytov I did a quick search on Crexi using your criteria and there were 92 listings nationwide, only 3 in CA to exclude.  Best wishes on your 1031!

When I realized that investors will typically do more deals (transactions) within a 2-5 year period vs chasing traditional residential sellers and buyers like every other "Realtor" out there (i.e. paying for Zillow leads, etc.).  Most of my sellers are leaving the area.  Some do downsize locally so I occasionally will help them on two back-to-back transactions but that is not the norm.  Most buyers are in their homes 5+ years so I'm not going to hear from them anytime soon unless a life event happens like job relocation, divorce, etc.  My AH-HA was when I realized investors come back wanting to do more deals fairly quickly after the first one or two.  Plus I'm an investor so once I focused on multifamily investors (like me), it became much more enjoyable.  As @Hamp Lee III stated, define your niche.  Like you may hear about people getting a tattoo...already planning the second one after they just got the first. 

Also, one more AH-HA was when I realized it was fairly simple to grow your sphere once I focused on having conversations about real estate with anyone I could connect with, on a daily basis.

Best wishes on your real estate journey!

Great post @Henry Clark!  I'm not in the SS space but find it interesting and with new tech, seems like remote management is becoming more and more efficient and possible.  Congrats on the success!

Sorry to hear about your anxiety.  I'm guessing you don't have a good understanding yet on what it takes to be a competent and professional real estate agent.  I don't see how you could effectively service clients needing assistance in MA from Europe.  I wouldn't work with an agent that was not local to the area that I'm buying or selling properties.  If you have a sphere of people wanting your help in real estate (and you have a license), you could refer them to other local agents for a referral fee.  Best wishes on your plans!

Hey @Adam Reed, your investor friendly agent/broker (not necessarily a "Realtor") should be more of a consultant or advisor than a salesperson.  Here is what I suggest you ask:

1. How long have they been a full time, licensed agent and are they an investor themselves?  

2. If they invest, do they actually own (or have owned) the asset type you're looking to acquire? Do they specialize in what you want to buy/sell?

3. Ask them about their process of working together, expectations, etc.  Will they assist you from deal analysis through closing...and beyond as needed?  

4. Which areas/towns/cities do they mainly service and know well?

As @Eliott Elias stated, I would be interviewing you as well.  I need to vet new clients to ensure they are not perpetual tire-kickers and get a baseline understanding of their current situation/goals.  I start with a 15 min intro call.  Step 2 is my 30-60 mins Investor Consultation.  You should evaluate how thorough they interview you as well.  If not so much, that may show a sign of desperation for new clients.  You never want to work with an agent that is desperate for their next commission check.

That's just some basic feedback for you.  I'm happy to share more if you send me a DM.  Best wishes on your real estate journey!

Yes! I clearly state right off the bat, "I'm an investor but in total transparency, I am also licensed real estate broker."  I would do it even if our state did not require it at any point as well. 

Hi @John D. Brown, I've been watching Tulsa for about 3 years now. I have visited the city and personally met with two PMs out there. Happy to share their info if you send me a DM. If you're open to investing locally in the Puget Sound region, we should connect as well. Best wishes on your REI journey!

It depends on what you ultimately trying to accomplish. Saving on commissions, having access to your local MLS, do you wish to collaborate with other agents in an office, planning to make a FT career out of it, etc. It isn't free to obtain and maintain a license so you'll need to weigh in the costs are worth your intended benefit. By no means would I say it is an "essential" tool to your personal RE investing. If you don't plan to list your own deals or want to get into the game to earn commission income, I would recommend sticking to growing as an investor and partner with real estate agent pros that can serve you doing what they do best. Hope that helps a bit. Best wishes on your real estate journey!

@Travis Reed it says in your title that you are a real estate agent yourself. Are you surfing Zillow in other markets?  Depending on what you're looking for, local wholesalers may be able to send deals your way.  Do you not see the value in having a solid agent on your team to locate, negotiate and close deals?  

Either way, sounds like you're speaking from the investor side. I'd be curious if you have a standard offer process for listings 30+ DOM. There are deals to be found that hit the market day one and stale listings may be sitting for a good reason, research into the scenario is key before throwing out verbal offers.  Which (BTW) don't mean a whole lot to me personally on my listings.  I've had so many verbals shot my way. I tell them to go ahead and write it up but then most buyers never actually submit anything, in writing.

Also, unless you sign and accept a dual agency agreement, that listing agent is going to be solely representing the best interests of the seller.  Not sure how many deals you've done so I'm not questioning your experience.  If you're relatively new, a veteran listing agent can usually navigate a deal that favors a seller when dealing with an unrepresented and inexperienced buyer.

Historically, agents have done a poor job conveying our value to buyers and sellers.  When someone questions whether to have an agent assist or not, it is common to underestimate the value working with an experienced agent/broker.  My last four transactions saved my buyers (new investors), anywhere between $30-50k per deal in the $475k-600k range, plus navigated them through inspections, appraisals, existing tenants, etc.  If you're a well seasoned investor, then I would say you have a chance of handing a deal better than bringing in a novice agent to assist.  I can also appreciate that not all investors/buyers truly need just any average agent on their side of the negotiating table.  Many agents can kill deals as well but my clients depend on me to help them find deals, analyze deals, negotiate favorable terms, navigate challenges and get them to closing.

@Ethan Wilson more details would be very helpful.  We don't expect you to share the address but what do the current numbers look like, what are the seller terms, etc.  I don't know if you're looking for $100k or $1MM.  Please send a DM with more details.