All Forum Posts by: Jonathan Greene

@Keivan Darius - I wrote a quick blog on BP about just this -  https://www.biggerpockets.com/blogs/10015/64777-5-tips-to-find-an-investor-friendly-agent .  PM me with any questions at all. Most agents think it's too much work or are too lazy, but if you follow my tips, you will find someone who can help for sure.

I generate about 100 leads per listing in 2 days using targeted Facebook ads. You have to be very specific with your content and graphics and everything has to lead to a lead capture page or there is no point.

This is our second sponsored real estate investor meetup.

We are a real estate team at Prominent Properties Sotheby's International Realty in Short Hills, but this is not a pitch event. This is a networking event for real estate investors, real estate service providers and anyone else who may be interested. We have partnered with United Mortgage and Foundation Title on this event.

We are looking to connect real estate investors in the area, provide resources and develop relationships to have better discussions about how tough it is to invest in Essex and Union County right now. We are providing appetizers for you between 6-9 p.m. We look forward to seeing you at the event!

@Sarah Brown - one thing to look out for the is the buyer premium. For many of the online auction sites, the buyer pays a 5% premium on top of the winning bid price. It is common for some to be on the MLS and some to be off, but you should continue to work with your agent on these properties. All MLS properties will usually be viewable, but not all auction properties (not on the MLS) will be - some are sold occupied and some have do not disturb occupants marked on them. There is no benefit to placing a bid prior to an online auction beginning because, just like eBay, they will run it to the end to see how high it can go.

@Tyler C. - PM me and I will send you a couple options.

@Jason Koehl - Realtors bringing potential tenants usually have them fill out a rental application. The renter's agent isn't going to check all the information as they will rely on the landlord or the landlord's agent to do the tenant verification. What was the credit score? You aren't going to get money back. As @Ariel Smith said, when a landlord accepts a tenant and signs the lease, they have made a choice to accept everything in the application and it is inferred that due diligence was done.

@Ryan Zickefoose - she doesn't need to be a larger brokerage because the fees will be more and she won't need the training. To find out who is investor-friendly, drive for dollars and see who is listing investment properties that you would be interested in. There you might find an investor-friendly model and a mentor for your wife.

I wrote a blog just about this on BP. You can find it here - https://www.biggerpockets.com/blogs/10015/64388-5-steps-to-finding-an-investor-friendly-brokerage

@Drew Kimminau - if you are looking to join a brokerage just to look for deals for yourself you need to be up front about that and present a plan for how many properties you intend to acquire this year. You should be able to give them your track record and you really need to have a USP as to why they would want you there. The larger brokerages will take you, but that won't make sense for you. You should be driving the neighborhoods to see what agent and agency lists investment properties and then call them. You want the highest split possible since you don't need the branding of a bigger agency and it doesn't seem like you will need training if you don't plan on working as an agent. The MLS fees will be the same for any agency so you can find out who is investor friendly by seeing who is listing the on-market properties you would want to buy.

@Jonathan Jewell you don't want to make offers that you are actively trying to reduce in the inspection period. You need to do your initial due diligence on the property and make an offer that accounts for the work you think needs to be done on the property versus how reasonable the price is, as well as taking into account the ARV. You won't develop a good reputation (no one will want to sell to you) if you constantly offer asking price and then hammer them over every nut and bolt.

There are so many offers on multis here that all of my investors are taking the properties as-is, doing a pre-inspection with their contractor or at least including a limiting clause in the contract to show they are not looking to nickel and dime the seller.

@Luke H. - I have used Call Ruby in the past with success. They will give you a local number and respond with your script and they are very personable.