All Forum Posts by: Jonathan Greene

It's a world of grifters and prey. The grift is pretty obvious. Most people fall for it because they want to be part of some club. Unfortunately, that club is burning money of your own to support a fake guru.

I think everything should be publicly scrutinized. Transparency is what people should seek, not an AI proforma.

This is the group of LPs who do no due diligence, don't read anything, sign at will, and then complain that they didn't know what was happening. They chose not to know.

My response would only be a meme, because who didn't see this coming?

And in another BP shocker, the original poster has closed his account.

This is the absolute worst response I have ever read in my life about being a real estate agent. You have a very small set of facts and ALL of the facts presented in the original post show that the house was priced right, got an accepted (no one twister her arm) offer in five hours, and was properly marketed in the area in terms of the compensation.

Your response is what makes real estate agents dislike other real estate agents. It's very likely that the commission was discussed and agreed upon since the seller signed the listing agreement with the compensation on it.

As an agent, going against another agent, with no evidence at all of improper conduct, and then saying this was unethical, is a travesty to the business. You wrote 3-5x what the original poster wrote for what reason?

It's also horrendous advice to tell someone they should test their price for two weeks because that is market-dependent. More days on market and a price reduction never helps market a listing. Proper pricing from the beginning is the best strategy and it seems like the agent hit the nail on the head.

I just tried to respond to a few things in the forum by going to the unanswered forum, and it was basically all dried dirt. There's nothing to do here anymore.

Where do you live, and who told you to invest in Binghampton? Have you ever owned a rental property? Have you ever done college rentals?

You can surely do ok in Binghampton with this strategy, but it doesn't sound like you've done much due diligence on anything else. What's the goal? Cash flow? College renters will cash flow there, but will be high maintenance. Are you going to self-manage or hire management?

She feels scammed because she got good advice on price and got a full price offer within 5 hours of going on the market? I am a little confused. Does she think she still would have gotten $380,000? Are you trying to help her or sabotage her sale?

The listing agent should have explained that she has the option of compensating the buyer's agent or leaving it open to the buyer to decide, or making the buyer pay their own compensation, but this is market-specific as to what is working and the reality is that not much has changed. In my market, almost nothing has changed. Sellers are still offering to pay the buyer compensation because when they don't, it comes out of their sale price, unless it's an incredibly competitive market.

It sounds like your sister got great advice and service and is about to mess up a sale because you have been reading the news too much.

You just missed our meetup last night in Whippany. They are the first WED of every month in different locations and are always listed on BP.

It may sound ideal, but for most people new to the game, the numbers don't like how they thought they would look to house hack in North Jersey right now. You also have to pinpoint where you mean by North Jersey - Hudson, Bergen, Essex, Passaic?

It's near impossible under 600k and even those would be 203k loans most likely with rehab, depending on your neighborhood choice. A lot of competition and low, but decent inventory. All multis generally sell over to way over list price and get 4-5 to 10-20 offers. It's not easy, but it's doable.