All Forum Posts by: James Brown

@Will Barnard

Can you expand on the benefits you gain that make it worth giving up the sweet deal you had before? I know about the profit sharing, recruiting incentives and stock options which could be very significant. Education is probably not a big deal for you as a seasoned agent. Curious what else if anything? Thanks!

@Mike Cumbie

Are you saying that the per transaction fees are what can make the big difference? Since 80/20 split and $16k cap are the same in either scenario?

Great feedback guys!

That's definitely crazy news about the head of Trelora stepping down. I saw that in the Denver Business Journal yesterday. Definitely wonder what is going on behind the scenes!

I agree with you guys that you get what you pay for. Personally I'm going to list my primary home with an experienced agent at an established brokerage that I've known for several years. I know there are going to be some possible complications with the inspection, so there is value having a real person going to bat for me. In addition there is value in established marketing practices with listing on the MLS to motivated buyers with buyers agents.

Note that I'm seriously considering getting my RE license, hence the interest in what these industry interrupting businesses are doing and how they may affect us in the long run.

These guys have been running radio ads on Comedy 103.1 offering a 2% flat rate when selling.

https://www.rexchange.com

Just wondering a few things.

1. If anyone has used them

2. What kind of service do they provide at that rate, especially when a sale runs into road blocks.

I found out that they are sourcing buyers directly through their website (and possibly other marketing channels) to cut out the middleman and their expected 3% commission. So that's how they can pull this off.

Also, I can see this 2% rate being acceptable for on-staff newbie selling agents in a hot market like Denver where average home prices are high. (2% is nothing in a low priced market) The website lists San Francisco, San Diego, Denver, Austin and Houston, so that makes sense.

See you there Chris!

Looks like mostly talk of using this for wholesaling but also for direct investors looking for flips or rentals. Since this post was originated a few years back, I'm interested to get some feedback from direct investors that have stuck with it longer than a month.

Sure Paul. I'd be happy to pass on contact info.

A friend is buying a SFH in north Denver and is asking for recommendations for epoxy garage floor contractors. Any recommendations would be much appreciated!

 Thanks Jon. I assumed you could live in it for 2 years, whenever throughout the life of ownership and never had to pay Capital Gains upon sale. Good to know that it has to be within the final 5 years before selling. I plan on holding for a long time, but plans change. So a 1031 or moving in before the sale look like the only options to avoid the tax. Unless I'm missing some other strategies.

Can you explain the 5-year limit? I know about the 2-year seasoning, but what is this other number?

QUOTE: i'm evaluating whether to sell or continue renting my previous primary residence - i'm approaching the 5 year limit after which i will have to pay long term capital gains.

Also, I'm wondering if the $250k limit is per property. Or total for multiple properties in a portfolio.