All Forum Posts by: Jonathan Greene

@Russell Brazil I think the new agents are seeing it more and more. If you can be choosy, you can weed these types out, but when you are new you get all hopped up over a good buyer who nowadays thinks they know more than you. Experience always helps, but like you, I have to drop or pass on clients who I know would drive me insane.

@Shawn Coverdell I would think the legalization would chill Bro out a little bit. It must be something else. Monster Energy drinks maybe?

@Fred Cannon great point on wealth vs. debt. It's part of what I am talking about. Doors do not equal wealth. Number of mortgages does not equal wealth even if some or most of them are cash flowing, that is still debt. I've operated my entire career with no debt. Yes, I was more fortunate to have grown up learning how to do this, but goals can't be doors and refi-ing out so that something cash flows ok. An investor's goal should be to live with their own liquidity and no debt. How to get there is another story.

All MLS systems should have training at your local board to get acquainted with their systems. Many local MLS can be outdated, but 1000x better than Zillow. Your MLS is how you will set alerts for yourself and clients and how you will send out listings to clients interested in homes with 3 BR, 2 BA within a mile of a school say.

They seem clunky at first, but the best agents master the MLS so they can use it to their advantage. Also, once you start getting listings the MLS is the most important place you know. You will upload your data and photos etc. to the MLS and that is what will syndicate it out to the big sites like Zillow, etc.

Find the training as fast as you can and take it.

I stopped working with on-market buyers last year because they were driving me insane. Is everyone feeling this all over the country? Buyers are watching too much Fixer Upper and think every house should be perfect, but also priced right for them. When it comes time for inspection, they think they should be entitled to "repairs" like unmatching doors and ugly handles.

The one other thing that I think these shows have done to debilitate buyer's agents is that now buyers think they know everything and that we are just interchangeable bobbleheads who are opening the door for them. I have seen a huge increase in buyers who just go to Open Houses and don't think they need an agent until they need to make an offer and then don't understand why they have to rush.

But, in their defense, the real estate industry as a whole has a very low bar so there are a lot of bad agents that they come into contact with that help enhance the stereotypes they come to the table with after watching another episode of Property Brothers.

@Account Closed OK, so I shouldn't have a Premium account to support Bigger Pockets because they put a button on my profile (only people looking for HML have ever used it)? I also shouldn't have a Premium account because it's showy and looking for business because I fill out my whole profile? Bro, logic. And also it's my fault when something trends even though everyone else is responding, including you.

Hang on, I just got another message. I am also responsible for global warming. Because I have a face, I am advertising too much. And because I type words onto a screen on the Internet, where I get nothing from it, I am creating a windfall of a future from an REI site. Gotcha, brah.

@Account Closed you need to try a little harder, bro. Whatever Premium gives me, it gives me. I just fill out my profile, they give you the contact button. I didn't even know it was there until someone mentioned it. You get engagement from people responding, I can't control that. I have several posts that went nowhere, oh well. Why does having a Premium account make that a motive? Click on my website. I only work concierge. I don't seek out investors, buyers, or clients. I basically do my own deals and work on-market for people I know. I literally do not want any business from BP at all. I don't even work with on-market buyers and I put my own flips on the MLS. So, nice try, but keep adding to the engagement that literally no one, including me, cares about. Until I get a check for it, it does nothing but take up more of my time when the post goes crazy.

I also just DM'd a 7th grader on YouTube and he said that throwing insults around wasn't the mark, it was using the phrase Bro. Works every time. I'm such a genius.

@David Pham I actually think that's a Florida soft-serve ice cream. Not sure how it tastes, but I have a feeling it is simultaneously full of itself and very touchy to criticism of its flavor.

@Account Closed yeah, ok. I am a bit lost on your logic. What does it get to me have my profile high up on Bigger Pockets? Is there some sliding scale of money I don't know about. I don't make a post trend, the responses do. Thanks for keeping it going, bro. I have nothing to sell, don't seek business on BP, and am not looking for any benefit from anyone. So...your point?

@Anthony Wick crushed that. I particularly love the LLC question in tandem with Bro, how do I build my team (before I have ever seen one property, skimmed one book, and listened to 4 podcasts)? Finally, someone who sees the whole thing was funny. The spazzy nature of the replies only served to reinforce the Bro-ness of the entire thing. One of the things I hit on that has been overlooked, you mentioned as well - Bro, have a plan. You can't run to the forums for advice when a hot seller is waiting on you. You just burned that lead for the next five investors. I am all for helping other people out, but I am definitely not the one to placate a dumb question by holding a hand and giving a bottle just because someone is new. Just because you are new to investing doesn't mean you can't ask smart questions. There are tons of new investors who are working on smart plans and genuinely want criticism. Bros just want daps.

@Jay Hinrichs Hey, man.

@Isaac S. no, you actually caught me. I've been crying a lot because of this. :)

@Joshua Tessier of course I am not really mad and yeah they can create some good results long-term. In my market what happens is that the push the block value up and then others bank on that as a comp for appraisal and the top keeps going up and up and owners think they are lit now so they refi or do a HELOC. Then as you said a market dip comes and it all goes to crap. But you are also correct, when the dip comes, I'm fine and savvy investors always are because we are holding our extra cash for that big dip. Anyone highly leveraged and following that philosophy gets nailed in the dip.