All Forum Posts by: Lexey Vezzoso

Hey Jason!

Depending on how long the homes you're looking at have been on the market you may have some leverage on the commission for the agents...

When we are doing seller finance deals one of our value adds is that the buyer will pay all of the commissions and closings costs. 

I'm not saying that this needs to be your strategy, but if these agents want to help their clients sell the home they may be willing to take a lower commission or a flat rate fee. I would have these conversations up front so that you know what they are expecting and what they are willing to do to help you and their sellers. :)

We do a lot of creative finance deals here in Idaho so feel free to reach out with more questions if you have them!

Good Luck!

Hey Laura!

Something that has been working for me is calling agents with listings that have been on the market for more than 30 days and seeing if their sellers are open to seller finance. 

It's a great strategy for agents too because they obviously want to sell the home for their clients. You may just need to work out their commission but everything is a negotiation. 

I do a lot of creative finance so if you have any questions feel free to reach out!

Hey Clay!

Majority of our portfolio is owned via SubTo or seller finance and we have had the note called due once. Even in that situation, we kept sending them payments and they kept taking them. (It was an insurance issue that caused it to be called due). But it really is extremely rare. 

As far as the sellers DTI. If you get a deal and decide to do it SubTo you just set up servicing with a servicing company. The seller can then show a bank that you are now making the payments (not the seller) and they will take this away from their DTI.

Reach out if I can help you further. 

Good Luck!

Thank you!

Hey All!

If you're a licensed agent in Colorado Springs would you please DM me?

I have a question about the market! Thank you. :) 

Hi Daniel!

Congrats on starting your real estate journey!

I don't know if you have heard of Ryan Pineda but he's based in Vegas and I'm pretty sure he has a mastermind out there. Look him up and I'm sure you could potentially meet more people in the area.

Good Luck!

-Lexey 

Hey Ryan!

When it comes to picking a market it depends on a few different factors. 

First of all you have to ask yourself if you want more cash flow or appreciation. 

After that I think it's important to look at markets that are seeing continued growth, evaluate cap rates, and honestly finding a good turnkey team such as agents, property management. This can be challenging but BP can be a great resource in finding this!

There are a lot of different factors to consider but try not to get analysis paralysis. Sometimes it's best to just pick a market and run with it. There will be plenty of learning experiences along the way but that's how you grow! If I can help with any other questions feel free to reach out. 

Good Luck!

-Lexey 

Hey Ryan!

Welcome to the community! 

I am an agent in the Boise market and my husband and I started our real estate journey 3 years ago. We do on marked deals but we also do a lot of creative finance. 

If you ever have any questions or need any guidance feel free to reach out!

Good Luck,

-Lexey 

Hi Nikki!

I don't know if this is what you are looking for but when I was studying for my Real Estate License exam the Prep Agent on YouTube really helped me! Especially for the national exam. 

Good Luck!

-Lexey