All Forum Posts by: Debra Grumbach

The problem with agents showing properties and never making a sale with that buyer is that they never properly qualified the buyer, or the agent never showed the buyer the value of working exclusively with that agent. Using a GOOD buyer's agent can have huge advantages. I used to contract my buyers to me. Never had 1 who didn't buy through me. Never HAD to let a buyer out of contract or pay me extra commission. I was in RE as an agent/broker when my area agents were listing houses for 4%-5% (I was listing them at 6-8%) so they were offering out only 2-2.5%. My buyers all agreed in the contract I would get 3%. I always got it from the seller or their agent. Except 1 time. I don't remember if I screwed up and overlooked what was being offered out and didn't write it into the offer but my buyer was "on the hook" for 0.5% on an $80K first purchase and her financing was so tight I "waived" the 0.5%.

 Wait, you have a GC and the GC hasn't told this guy to stuff it and wait for his payment? Sounds like the electrician maybe spent all the money on lottery tickets and now needs some money.

Has the electrical inspection been completed? I would withhold at least 10% until the sheetrock is up and the plates are on and the final is signed off.

 That was also my first thought! Is it bad that only the women will admit this?

But seriously, if she doesn't get "on board" at least to the point where she supports what you want to do, it may be very bad for the relationship and that could be bad for your REI, especially if she gets tired of moving every 18 months or whatever you said was part of your plan.

 Hey Tucker. Just FYI, people from Boston don't call it Bean Town. LOL They also tend to be suspicious of "outsiders" and this will put a target on your back. And a "packie" is the local liquor store. And make sure no one has reason to think you're being a smaht alec (and yes, that is the proper spelling in Boston). Good luck on your endeavours. And make sure you get tickets to a game or two at Fenway and the Garden (even though it's not the ORIGINAL Garden), watch the marathon and see the fireworks from along the Charles on 4th of July. And get yourself some Pats gear!

Done right a properly setup LLC will offer some protection so long as you "follow the rules." It doesn't mean you shouldn't also have insurance.

I just read a dozen blogs/articles about this. Here's one to get you started: https://www.biggerpockets.com/renewsblog/2013/08/17/rental-properties-llc/

 NO FREAKING WAY! I sold RE for 5 years. Find another agent. Run your numbers before looking at any property. Drive by before seeing with agent as you may find out you don't like the neighborhood and you won't waste his/her time with those. If the agent knows you are doing this before going to look, s/he will respect that.

Has she listened to any of the podcasts? Maybe you could select a couple of basic episodes so she can listen and learn.

I can't send any new emails to anyone. Every time I enter a name to send it to, it tells me I have to enter at least one recipient.

 Thanks. Yes, please send me the info. Not really sure how private messaging might work on this site.

I don't know the laws in your state but in the 2 I was licensed in, every agent when listing any property they had a financial interest in was required to disclose that. In some cases even when it was a property owned by family they would do this. Just FYI.