All Forum Posts by: Jose Jacob
Jose Jacob has started 7 posts and replied 182 times.
Post: A Realtor who wants to invest
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Quote from @Anustup Dutta:
Quote from @Antoinette Kelly:
Hello everyone I am a Realtor and I am highly interested in invest in Real Estate.
Hi, I am a broker in NY and NJ, I am about to start myself some rehab/flip or BRRRR deals in NY, if you are interested let's talk.
Hey Anustup,
I am in NY fix n flipping for last 10 years. lets get connected.
Post: How to avoid or minimize Agent costs
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Quote from @Rajagopalarao Paidi:
Thank you all , very good responses, appreciate it
One question, can i list in FSBO as well as with an Agent ? which ever comes first ?
NO. You have to give an exclusive right to the agent to sell the property. Experienced agents do not like work on OPEN listings.
Post: 2024 Fix n Flip Plan - Help needed!
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Looking at your "plan", I can tell you that you took some classes and paid some good $$$ for education. Looks very good in paper. Being this is almost August 2024, you got 4 months to do make $200K. And it seems like (to me) you are a starter. I am in the fix n flip niche for last 10 years. If you work really hard and change the date to 2025 it can be achievable. Otherwise I have doubt. Not to discourage you but I want you to be realistic. fix n flip niche is not that easy like all the GURUs out there presenting it to be so easy. Real Estate investing is a long journey not a "get rich quick phenomenon. Good luck. Happy to help in any way I can. Reach out.
Post: How to avoid or minimize Agent costs
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This is not a straight answer to your question but this is an answer for your next project. When you buy the property to fix&flip, you always add Realtor fee as part of your closing cost to calculate the MAO. I always do that. Real Estate Agents bring more buyers to your property. More buyers=more offers. More offers=higher selling price. If you are planning to stay in the Investing field, you need good real estate agents to help you in several ways. Try not to be penny wise and $ fo----sh. Good Luck.
Now answer to your question. You can try to advertise the property in Zillow or FB marketing place or groups and try your luck. Hopefully your house is on your backyard.
Post: Searching fo4r Contractors
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I am doing fix&flip in NY for last 10 years. Due to the high price range in NY to buy properties, I decided to go out of state and chose Detroit. I am locating some properties there and looking for some contractors to work with me. I would really appreciate if you can recommend some contractors who work with out of state investors. Thank you in advance
Quote from @Nicholas Nocella:
Hey all,
I am a 24-year-old who just started in sales after graduating from college and have had a lot of success early on in my new career. However, I know that I do not want all my income to be reliant on my day job and live to watch my retirement account grow.
I am probably doing better than a lot of people my age but am eager to take the correct steps to build a real estate portfolio. I was a foster child who put myself through college on my own, and I have relied on some good friends for a place to stay as I grew up, which has motivated me to create a better life for myself.
I have done a lot of research on real estate, and from my perspective, it seems as if wholesaling, which I feel my sales skills may help with, would be a good place to start to make some extra money to speed up the investing process. From there, I would like to explore house hacking/the BRRR strategy, but I know there are rules, regulations, and connections I will need to make all this happen.
If anyone is willing to have a conversation or thinks they could use my help in bettering their real estate business in return for some advice, I would love to at the very least create some new relationships.
Welcome to the Ocean of Real Estate Investing. I am a Realtor for over 30 years and doing my fix&flip for last 10 years. I love to see young people coming into the field to create wealth for generations. I am so happy to pass my knowledge to those who want to be successful in life. Feel free to connect via email of phone. Talk to you soon.
Post: Seller who doesn't want to pay a lump sum as capital gain tax
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I am a single family RE Investor. I come across a person who has a commercial strip of 7 stores free and clear worth around 2 Mil. Seller i hesitating to pay Capital gain tax as a lump sum payment. He is willing to hold some mortgage. How can I structure the deal without any money from my pocket. Pls advise
Post: Investing for retirement
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Quote from @Elaine Jackson:
New to the world of real estate but excited to learn!
Welcome to one of the great Community of people who helps each other. What type of investment you are looking to get in ? Buy and Hold ? There are several niches in RE investing. Happy to answer any of your questions. Pls ask
Post: New Real Estate Investor
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Welcome to BP community. This is a great place to be in. What are the questions you have ? I an help. Let me know
Post: CEO/Professional Dog Trainer looking to start real estate investing
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Quote from @Raechel Clevenger:
I own my own business and I am ready to start my real estate journey! Excited to be here
Welcome to BP Raechel. There are several types of RE investing. Which one you like to start ? Buy and Hold ?