All Forum Posts by: Karl Krentzel

I don't know if this helps or not, but I wrote an article on how to find an investor friendly Real Estate company to work for as an agent/investor awhile back. Maybe this will help???

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I would agree with @Joel Owens , BP is a great place to learn and in some cases, get business. I've met and JV'd with a bunch of people who listen to my podcast or read my blog after they found me here.

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Agreed with the posters above! Especially @Elizabeth! Look at people's profiles. Many times we keep blogs that will help keep you out of harms way!

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Thanks for the shoutout @Stephen Chatto , To me, a script is simply a set of pre-arranged questions that you have before you so you don't get nervous and forget to ask!

To me, the most important question you can ask someone is "What happens if it DOESN'T Sell?" Many times, an astute investor or Investing Realtor® will be able to detect if there is true motivation by the way they answer this very simple question.

In short, it takes time, tons of questions, and effort. However, if you are willing to put in the time and effort, I have all the questions you need. Simply email me if you like and I will be happy to send you a free script book that I have given out for a couple years that Wholesaling Investors seem to enjoy!

Best wishes, and happy hunting!

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Originally posted by @Patrick Allen:

And apparently I don't know how to tag people :-/

Quite alright! I typically quote them so they know I am talking to them, and I save a vote for a post that I feel is particularly noteworthy.

just my two centavos...

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Originally posted by @Samantha M.:

One of my duaghters is working on her real estate license. While working on it she is also setting up her business plan. She wants to primarily specialize in listing properties, and one source for these leads is online.

Does anyone have any suggestions for keywords to use that potential sellers will use in google for SEO/PPC that would make good potential leads for a listing agent?

Thanks

Also, not sure it this helps, but here is a quick list of keywords I use for some stuff using again, keyword planner.

Sell Your Home Fast Keywords

buy my home, how to sell a house, how to sell a house fast, how to sell house, how to sell house fast, how to sell my house, how to sell your home fast, how to sell your house, how to sell your house fast, how to sell your house yourself, need to sell my house, sell a house fast, sell home fast, sell house by owner, sell house fast, sell house quickly, sell my home fast, sell my house fast, sell my house now, sell my house quickly, sell your house fast, sell your house online, sell your house yourself, selling my house, selling your house by owner, selling your own home, tips on selling your house

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Keyword Planner is what I used when I wrote "It FINALLY Happened! The Motivated Seller Called ME!". My preference? Use Craigslist ads creatively,aggressively, and tactically to get responses like this!

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Originally posted by @Paul Z.:

I've never understood why there is such a stigma behind being an investor while also being licensed. Full disclosure and good record keeping is all it takes. If you are a buyer then act as one and never provide consultation as an agent would. If the conversation steers that way then a choice needs to be made. You either respond by recommending they seek counsel on what you're offering as an investor; Or you stop acting as an investor and become their agent with zero personal interest and seek a separate buyer for them.

If they ask about what you intend to do with the property after they have been put on notice that you are an agent it is their choice if they want to move forward. They also have a choice to do their own due-diligence and uncover what strategies and options they have with their property, including rehabbing and reselling for a profit. They then also have the choice to figure out how to implement that strategy just as we do (raising money, using their own, taking out a loan, etc.) Wanting to sue you sounds more like an emotional reaction to what they felt they should have done but didn't have the commitment to completing. Disclosure stops that emotional reaction in it's tracks.

If you feel safer investing by utilizing a required disclosure statement and release I'd say go for it. Having something in writing is always better than the dealing with the headaches and time lost later.

Absolutely, and unquestioningly agreed!!!

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Originally posted by @JOAN DICKIE:

Regardless of state law (most of which require lots of disclosure), as a real estate agent or broker, do you disclose what you plan to do with the property after you purchase from a non bank or government owned property. Someone asked me last weekend if I could get sued if a person gets mad if they find out I resold a property for more than I purchased it for. As a realtor, I have to disclose everything. I wonder if I should have the seller sign a statement saying I'm going to resell this property after I rehab and the seller understands that they could do the same but they are agreeing to sell as is.

Maybe I'm over thinking because I'm studying for my broker's license and getting hit over the head with all the things I shouldn't do and the consequences for screwing up.

Joan, that is an AWESOME question!

I wrote about that on my blog one time, "Real Estate Agency for Realtors® who Wholesale!". Things ARE different for Realtors® who Invest than the unlicensed! For example, in my home State of AZ, a licensee who improperly discloses could result in treble damages of your gain.

For example, if you wholesale a property, and make 10k, and improperly disclose, the damages CAN be 30k!! Ouch!

Fortunately, the NAR Code of Ethics is pretty clear on the advantages of the Wholesaling Realtor®. As a matter of fact, Article 4 is a blueprint on how Investing Realtors® can act.

If I were you I would pay particular attention to Article 1 (Treat all parties honestly); Let them know you are acting as a principal in the transaction; this is obvious. However, what is lesser thought of is Article 2 of the Code. (Avoid exaggeration or misrepresentation of the facts) which means that we need to be honest about the values, and stop padding the CMA or facts with irresponsible comparables.

Finally, Article 4 of the Code of Ethics is a very specific "How to" for agents when it comes to the issue of "Flipping" or Wholesaling real estate for the Realtor®. Not only did my article cover it in specifics for Wholesaling; but the National Association of Realtors® did write a very good article on the issue of Investing for Realtors®.

Anyway, thanks for asking that great question! We need to talk more about that as professionals!!

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Congrats on becoming a new agent! Don't wait to become a Realtor®/Investor! You CAN and SHOULD wholesale deals as a Realtor®! I'm a broker w 18+ years experience as an REO, Short Sale, Listing, Buying and every other kind of agent you can think of.

As a Wholesaling Realtor®, you can use the leads that don't want your price as a listing lead, and make WAAAAY more money on a wholesale deal than a commission.

Just my two centavos my man!

Congrats!

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All Forum Posts by: Karl Krentzel

Karl Krentzel has started 64 posts and replied 391 times.

Post: Looking for a Broker in NYC to hang my license. Any suggestions?

Post: Lead generation

Post: beginner

Post: Call Script(Questions) to ask a seller to see if Motivated.

Post: New Member in Tucson, AZ

Post: SEO/PPC Keywords to acquire Listings?

Post: SEO/PPC Keywords to acquire Listings?

Post: Question for people who flip and are licensed

Post: Question for people who flip and are licensed

Post: Advice for new agent