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All Forum Posts by: Jeremy James Hartman

Jeremy James Hartman has started 8 posts and replied 37 times.

Buying & Selling Real Estate

Post: Waiting sucks. I want to push, push, push.

Jeremy James Hartman
Posted
  • Rental Property Investor
  • Hastings, NE
  • Posts 38
  • Votes 11
Originally posted by @Hai Loc:
Originally posted by @Jeremy James Hartman:
Originally posted by @Hai Loc:

No funds means you not ready especially when you asking $20k

 It was a joke. My money's tied up right now. And so what's it to you if I want to borrow 20 in hard money to fund a deal?

 There is a lot of people on BP who have $20k sitting around including myself. The better approach will be breaking down the deal a bit vs being sarcastic about it to get investors attention when in their minds they think $20k = D class war zone

 OK. listed for 85,000. its a repo. if i would get it for 65000 and i figure i could do the repairs for roughly 10,000. id fund it with a regular home mortgage with 10% down. after i fix it up i figure it would be worth atleast 100,000. on a refinance i could pull roughly 35,000 from the bank. pay hard money with it. Hai Loc is that about how it would work right?

0 Votes
Buying & Selling Real Estate

Post: Waiting sucks. I want to push, push, push.

Jeremy James Hartman
Posted
  • Rental Property Investor
  • Hastings, NE
  • Posts 38
  • Votes 11
Originally posted by @Hai Loc:

No funds means you not ready especially when you asking $20k

 It was a joke. My money's tied up right now. And so what's it to you if I want to borrow 20 in hard money to fund a deal?

0 Votes
Buying & Selling Real Estate

Post: Waiting sucks. I want to push, push, push.

Jeremy James Hartman
Posted
  • Rental Property Investor
  • Hastings, NE
  • Posts 38
  • Votes 11

Im so ready to get in my property and get to work on it. Ive been searching more deals and i found one but i dont think i have to funds to get it. Anyone got 20 grand?

0 Votes
Buying & Selling Real Estate

Post: Obtaining An Agent's License

Jeremy James Hartman
Posted
  • Rental Property Investor
  • Hastings, NE
  • Posts 38
  • Votes 11
Originally posted by @Josh Cissell:

@Jeremy James Hartman

Can you tell us your end goals? Why do you want to become an agent?

I guess to be able to find my own deals and list my own properties. I kinda think the same way with my construction experience. Three different businesses operating together, if that makes sense?

0 Votes
Real Estate Deal Analysis & Advice

Post: My first property I bought to turn into 3 units.

Jeremy James Hartman
Posted
  • Rental Property Investor
  • Hastings, NE
  • Posts 38
  • Votes 11

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Hastings.

Purchase price: $175,000
Cash invested: $2,500

Two for one. I'm going to turn it into three 3 bedroom units.

What made you interested in investing in this type of deal?

The Cash Flow!

How did you find this deal and how did you negotiate it?

MLS. Just paid asking price.

How did you finance this deal?

FHA Home Mortgage

0 Votes
Real Estate Deal Analysis & Advice

Post: My first property I bought to turn into 3 units.

Jeremy James Hartman
Posted
  • Rental Property Investor
  • Hastings, NE
  • Posts 38
  • Votes 11

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Hastings.

Purchase price: $175,000
Cash invested: $2,500

2 for 1.

What made you interested in investing in this type of deal?

The Cash Flow!

How did you find this deal and how did you negotiate it?

MLS. Just paid asking price.

How did you finance this deal?

FHA Home Mortgage

0 Votes
Buying & Selling Real Estate

Post: Obtaining An Agent's License

Jeremy James Hartman
Posted
  • Rental Property Investor
  • Hastings, NE
  • Posts 38
  • Votes 11
Originally posted by @Kendell Aden:

I’m from Grand Island and just recently got my Real Estate license. I took the courses online so I could work at my own pace. The classes were fairly easy but what really helped was I was already working for a Reality company doing maintenance on their rental properties so I could ask them any questions I had. The Broker also sent me down for a two day crash course in Lincoln before taking my test, that I think was the most helpful. 

Thank you for sharing your experience. I definitely have some options to weigh in this decision. How many hours of classes did you have to complete?

0 Votes
Buying & Selling Real Estate

Post: Obtaining An Agent's License

Jeremy James Hartman
Posted
  • Rental Property Investor
  • Hastings, NE
  • Posts 38
  • Votes 11
Originally posted by @Brian Schamp:

Find an agent with an investor mindset. They can be valuable. 

 Thank you for the tips. I'm keeping my eyes open for someone.

0 Votes
Buying & Selling Real Estate

Post: Obtaining An Agent's License

Jeremy James Hartman
Posted
  • Rental Property Investor
  • Hastings, NE
  • Posts 38
  • Votes 11
Originally posted by @Steve K.:

@Joaquin Camarasa don't forget MLS fees (~$40-100 month) and E&O insurance (~$300/yr.). Agents in my area tell me it cost them about $3k initially and then costs them between $2k-5k per year to maintain their license, depending on which associations they are part of, brokerage/desk fees, etc.

 Thank you for the additional info. There is definitely a lot to consider.

0 Votes
Buying & Selling Real Estate

Post: Obtaining An Agent's License

Jeremy James Hartman
Posted
  • Rental Property Investor
  • Hastings, NE
  • Posts 38
  • Votes 11
Originally posted by @Charlie Cameron:

@Jeremy James Hartman These guys made great points about the cost, especially MLS which many potential agents don't consider. I would say it sounds like you have your hands very full.

As a part time agent myself (still have a military commitment to fulfill) with a toddler, one on the way, and a working military spouse, I will say that it is only possible for me because:

  • My wife is super supportive of our goals and knows I may need a few hours on a weeknight/weekend to work a deal.
  • I am willing to take leave to serve my clients.
  • I get up before my family does and go to bed after my daughter does because that is the best time to get work done.
  • I ENJOY it.  If I hated it, there's no way I'd have the energy to keep going.  
  • My brokerage is totally online and while I have a local mentor and team, my only in-person commitments are to my clients.

Unless you want to transition to real estate full time, for whatever it's worth I'd say just get an investor-friendly agent.

 Thank you for sharing your experience. I definitely am considering this. I haven't found anyone here that is yet. i think my current agent is warming up to me, but she kinda just wants to sell her listings. She doesn't seem too interested when i say i want to look at these ones. This area doesn't have many investor friendly agents that I've found. Hence the interest.

1 Vote