All Forum Posts by: Josh Rowland
Josh Rowland has started 3 posts and replied 12 times.
Post: Are you prepared to do what it take SURVIVE this business?

- Real Estate Agent
- Colorado Springs, CO
- Posts 13
- Votes 15
Post: What exactly does "Investor Friendly Agent" mean?

- Real Estate Agent
- Colorado Springs, CO
- Posts 13
- Votes 15
Thanks for the feedback guys. It's helpful and encouraging to know that I'm doing the same things that my colleagues are. I think I've had good and bad experiences talking to investors about flips and listings and I've come across a couple that put a bad taste in my mouth. Those ones must have gone to "the seminar" and come out guns blazing with not a lot of real world knowledge or market experience... some of them have even approached me and said they want me to write offers for them but when I ask for their funding source they can't seem to come up with one and come to find out they want to assign the contract. I do have a lot of fun serving investors and being an investor I think I just need to meet more investors that are a pleasure to work with.
Post: What exactly does "Investor Friendly Agent" mean?

- Real Estate Agent
- Colorado Springs, CO
- Posts 13
- Votes 15
Originally posted by @David D Painter:
One who doesn't waste my time
Hey David, please elaborate. I'm sure there are folks out there who waste time but I'd love a few examples. I'm more concerned with what makes a good agent for the investor. I've heard writing multiple offers sight unseen, providing lots of comps and doing lots of ground work to get a deal but I'm wondering if there's anything else other investors are really hungry for that they don't find or that are rare and I like to know what my peers around the country are doing for investors. Most realtors I talk to will work with investors but the line share try not to for the following reasons...
I've worked with a few investors and done about 5-6 investor related transactions so far. From my experience the flippers want me to bring them deals and then they want me to turn around and list for 4% which means I take 1% and pay the buyers agent 3%. I've turned down some of those offers because I can't justify spending my professional time for 1/3 the income on listings that I frequently make working with consumers. I've even had a couple guys go with the "discount agent" and call me later on to ask me why their property isn't selling and when I look at the listings it's quite obvious that they just don't know what they are doing and the marketing is garbage and their agent is basically a warm body to post to the MLS and take orders. That's not at all the kind of agent I am and I have to make the margins I need to reinvest in my business and provide excellent service.
This post is really more about what makes a good Investor-Friendly Agent so keep it coming.
Post: 1st buy, and not so sure if I should just go for it

- Real Estate Agent
- Colorado Springs, CO
- Posts 13
- Votes 15
Post: 1st buy, and not so sure if I should just go for it

- Real Estate Agent
- Colorado Springs, CO
- Posts 13
- Votes 15
Post: What exactly does "Investor Friendly Agent" mean?

- Real Estate Agent
- Colorado Springs, CO
- Posts 13
- Votes 15
Post: What kind of car do you drive?

- Real Estate Agent
- Colorado Springs, CO
- Posts 13
- Votes 15
My adventure vehicle - 07 FJ Cruiser. Bought it used this year for $15,700 (first car payment which is pretty manageable @ 3.25 APR). FUN mountain vehicle and plenty of interior room.
My wife sticks to her '01 Jetta TDI - 240k miles and I keep it running like a top. I think we'll keep this one another year or two until the tranny starts to fade out and then get a newer TDI with less miles.
Post: Questions to ask a Real Estate Tax advisor in your area on the first meeting?

- Real Estate Agent
- Colorado Springs, CO
- Posts 13
- Votes 15
Post: Employing Brokers Friendly to Creative Deals?

- Real Estate Agent
- Colorado Springs, CO
- Posts 13
- Votes 15
Hey Folks,
So about a month ago I asked what brokerage people went with in the beginning and I received some useful information. Now that I have finished the coursework and passed my licensing exam I am narrowing my options as to where to hang my license.
My questions here...
1) What would be your advice on picking a brokerage that will allow you to work with investors on creative deals?
It seems when I go talk to the big brokerages in town (REMAX, KELLER, ERA) the managers get freaked out when I ask them if they have heard of subject-to financing, wholesaling, assigning a contract to another party, or even managing property.
I am getting the impression that the big shops are very singularly focused on residential listings and NOTHING else. The managers I speak with automatically assume that I want to screw the public over and do something that will make them loose their license (or E&O insurance) when I ask them about these other approaches to RE. This triggers a conversation where I explain my intentions are not to cause harm to anyone or take advantage of anyone in this business and that I am making this my career (then they calm down and relax).
2) As an agent working on creative deals, how do you navigate your relationship with your Employing Broker? Are you able to wholesale transactions and assign contracts? Are you able to manage property for others? Are you able to partner with investors to flip properties? Are you guys doing any subject-to deals?
Help me out here... I'm stressing about my new license because of the greater level of restrictions placed on Associate and Employing Brokers in Colorado. I want to be able to experiment with creative deals and build wealth for myself and others. I want to be free to do deals outside of the typical residential listings and purchase contracts (although I will still do listings and such).
Post: Where to hang my license?

- Real Estate Agent
- Colorado Springs, CO
- Posts 13
- Votes 15
@Michael Woodward Thanks for the encouragement.
Out of curiosity, anyone in Colorado Springs had experience with RE/MAX Properties or Keller Williams in Briargate?