All Forum Posts by: D Turner

@Thomas J. Budka

Sad to hear. The true victims are the selling homeowners. The persons selling their nest-egg, retirement cash, savings. The seller pays 6% to the realtor and will most likely never findout that additional money was left on the table.

And guess what, I like good realtors. Especially, when they have pocket listings and graciously makes me one of their first few calls.

I am looking for a reputable builder in Atlanta or single family entry level houses less than 2200 sq ft.

I would really appreciate your assistance with a very good recommendation and someone who works with investor builders.

Thank you.

@D Turner

Correction, "greed does something to some people"

Just my experience.

I always purchase a listed property from the listing agent and never use an outside agent. During the last run on property 2000-2007 I lost so many properties because of unscrupulous realtors. I mean realtors were ripping sellers off by selling their property to close friends and investors without giving newbies like me a chance.

I would put bids on properties for over the asking price and the listing agents would eventually sell the properties to their own clients at a lower price and collect the 6 percent commission instead of selling it to me at a higher price and receiving a 3% commission.

That made me so mad that now I do not care who my agent is, I will only purchase from the listing agent because I understand greed. Greed does something to realtors and generally cost the unsuspected home owner.

And guess what I have landed just about every property since I started that philosophy.

@Ralphie Hernandez

You didn't mention whether your current income is w2 type or other. That makes a tremendous difference.

Another thing, in my opinion CPA's are effective for only a few things, and their attitude/perspective about money can cause you serious financial pain. I would interview a couple of new CPA's who focus on business and tax strategy to gain a better perspective.

I need your help.

My ocean front (long Beach, ca.) next door neighbor offered to sell me his townhouse last night. Offered price 700k, appraised 800k. Which means I will have 100k+ profit immediate. Sounds great, but I have a small problem. Our family goal was to graduate from single house purchases to moderate size multifamily purchases.

We are paying cash, possible rent 2800-3000 per month. Currently our money is held in a very low interest savings account.

Fyi, we have plenty of savings and emergency funds.

Should we use our cash to purchase multifamily projects? Or should we set-aside our family goal and make the immediate rent or flip money or stick to the goal? What makes better since?

Thank you for your help.

@Jeremy Wirths

Darn right.