All Forum Posts by: Account Closed

@Carrie Giordano as a Real Estate Broker of 20 years, I believe it is a very bad idea to be licensed. The reasons being the moment you are a licensee you are considered an expert in the field. As a Broker, even moreso. You also are often excluded from Errors and Omissions insurance coverage on personal deals. I won't even list my own property, I have an associate list it so it gives me the maximum protection. Your duties to disclose are also much more seriously taken, although a seller ALWAYS has the obligation to disclose material defects they are aware of. Investors, wholesalers, flippers often think they can ignore all of this. I also teach Continuing Education and was a Managing Broker for almost 1200 agents. I got served the lawsuits and got all the agent questions. I've seen a lot and I can tell you that unless you are making being an agent your full time job it's extremely dangerous to do it. As far as costs, a buyer's agent is going to be paid 3% typically, closing costs are approximately 1.5-2% (in AZ) and your listing agent will make 2-3%. You can write a listing agreement that still gives you the right to sell the property yourself. This way you don't lose market time trying to get a buyer, because you are marketing through your agent and the MLS all at the same time. Being greedy is a huge mistake. A great agent on your side is a massive benefit. I've brought my investors many deals, I don't give those deals to just anyone.

@Cosette Trantow Huge mistake imho to count on Zillow for anything. My house is undervalued by $60k in Zillow, many many many inaccuracies. You don't have a REALTOR?

@Matthew Jacobsen C type neighborhoods will cash flow much better than nicer ones. Central and South, plus West are the hot spots and Sunnyslope.

@Cosette Trantow What are the crosstreets? If that's in Maryvale I'd watch it. I'm all for C class neighborhoods, but not Maryvale. I have a great 8.4% cash flowing Multi-family in Avondale, all the growth is West. East is overpriced now. Central can be great, depending.

I just signed on for AZ market for $479 a month, 12 month contract!  Need some investors!  Yes, I am a Broker.

@ryanhealy you can't have more than 100% share of voice in any zip.  Maybe you meant 35%?

NO!  Complete waste of money and time- just cancelled recently.  I did it hearing about an 11% conversion, but I got calls on people wanting to buy old mobile homes in parks for $25k than anything.  We aren't even licensed to sell those!

Good for you!!!

Sorry my schedule went sideways, but I sold a couple things- you never know what your schedule is going to do!  I'm happy to chat here or via phone, etc anytime.

I'm happy to assist.  Feel free to reach me by message here.