All Forum Posts by: Jeremy Eisenstat

Thanks Jeremiah, that makes perfect sense. I appreciate the detailed response.

Hello all, I've been on bigger pockets for a while now, mostly reading and picking apart conversations and ideas. I've always been intrigued by the creativity behind different types real estate deals and decided to start by getting my license and join a small brokerage in Provo, UT (I'll be active as soon as my fingerprints clear.. hopefully it doesn't take too long) and I'll be able to hit it full time in a few months after my corporate job winds down. I know it's an interesting time to get into real estate but I still see a good opportunity, especially in Utah. 

My question is in regards to commissions charged on investment/cash deals. I'm assuming it's not the standard 6% like retail transactions, but I could be wrong. Do investors generally negotiate commissions if they receive help from an agent? If so, what is the standard "discount" for frequent buyers and sellers when using an agent? Maybe it depends on repeat business? I'm open to working with all types of sellers and buyers and currently have wholesalers sending me properties regularly and understand that investors are looking for the best ROI possible.

Any advice would be greatly appreciated! 

@Kyle Pierce good info. Does talking to neighbors of a distressed property help to get info or are letters better? And how do I find out about meetings or get togethers with these groups? I’ve been looking around on a lot of different sites and pages and haven’t found anything.

@Kyle Pierce I appreciate the info. I've seen quite a few distressed properties around so I plan on starting there and seeing how it goes. Are there any laws I should be aware of before I start closing wholesale deals? Also, what's the best way grow a good list of cash buyers? 

Thanks

@Jeffrey S. Breglio do you have any updates on the new wholesaling guidelines in Utah or somewhere I can go to research the current do's and don'ts? 

Thanks in advance.

Tie, great info. Thank you.

Jason, it’d be great to meet up. Are there local get togethers or dinner groups around here? What have you found the most success with?

Thanks Blair. I’ve heard that wholesaling in Utah is tough to break into but I’m willing to give it a shot and see what happens. I’ve heard that Utah may be cracking down on wholesalers and I just don’t want to get myself in trouble working on a transaction without knowing what’s not permitted but I need to build my cash flow somehow.

Hello all,

Jeremy here from Utah County.

I’ve been doing a ton of reading and studying about investing for a while now and I’m excited to get started. BiggerPockets seems like a fantastic community of investors.

I’m leaning towards wholesaling to start out but I’ve heard that’s difficult in Utah but also possible. I’ve also read some posts about some new stricter laws in regards to wholesaling and I’d really like to learn what I can and can’t do and which title companies are the best to work with, or if that makes a difference. I’d really love to fix and flip and buy long term rentals but I just don’t have the cash yet and I understand that hard money lenders are very expensive for new investors.

Any tips or legal advice for this area would be very helpful!

Thanks in advance!

Hello all,

Jeremy here from Utah County.

I’ve been doing a ton of reading and studying about investing for a while now and I’m excited to get started. BiggerPockets seems like a fantastic community of investors.

I’m leaning towards wholesaling to start out but I’ve heard that’s difficult in Utah but also possible. I’ve also read some posts about some new stricter laws in regards to wholesaling and I’d really like to learn what I can and can’t do and which title companies are the best to work with, or if that makes a difference. I’d really love to fix and flip and buy long term rentals but I just don’t have the cash yet and I understand that hard money lenders are very expensive for new investors.

Any tips or legal advice for this area would be very helpful!

Thanks in advance!