All Forum Posts by: Account Closed

Get off the fence as your Analysis Paralysis is going to make you miss the best time to purchase FL in your life time!

With so many baby boomers retiring and the "governor" on mortgage lending, I predict a good appreciation pace for 7 to 10 yrs.

Then, when you see advertising for...

100%, 80/20 Hybrid pay option arms with a 650 score and no job....

jump off the train and sell all properties, cash out of mutual funds and go rent a freakin palace for 5 yrs, because we'll be headed over a cliff again!

This time however, all of us who've gone thru the meltdown, will see it the cliff coming a mile away!

@Arman Jay Tigran,

If you want to get a running start as a S. FL realtor, consider soliciting Mortgage Brokers and Lenders for their Pre-Approved borrower/buyers.

Obviously, these leads are not from their other realtor partners, but leads they have coming in from advertisements or are leads that they purchase.

These are the very best leads, pre-approved buyer/borrowers who need a realtor to find them a home.

How do you get the Mortgage Brokers and Lenders' LOs to give you these pre-approved Buyers?

Offer their borrower / buyers  part of the Real Estate Commission to pay for their borrower's closing costs.

On a $300k purchase, out of the $9000 buyer agent commission, offer the Mortgage Brokers and Lenders $5,000 towards their borrower's closing costs as a realtor rebate credit at closing.

You keep $4000 + charge $295 to $495 transaction fee

Three of these per month will make you $12,000 mo. or more if you can keep part of the transaction fee.

or

get on with UpNest  

https://www.upnest.com/re/how-it-works

Or

Keller Williams who seems to be working on something new that will change the real estate and mortgage  industry

I'd be open to this to save a deal.  

The problem would be trying to convince the seller that:

1. it's a real offer

2. that they could not get a better deal even if they owned a mortgage company

3. the massive savings this offer is for any borrower 

We're talking ZERO broker compensation, no Lender Paid Compensation (i.e. YSP/ Yield Spread/ backend money/ SRP) and the rate at dead PAR!  

Good morning BP,

BTW- My head is pounding this morning.

To the BP Investors who have been following this thread, look back thru all 5 pages of posts, and what don't you see?  People who are Currently in the mortgage industry, who have commented on this topic. Their silence is deafening on this subject!

So this can only mean one thing, they ALL agree with me or they would have jump in and on me like a hobo on a jelly sandwich to prove me wrong in front of everyone!  

 ADVICE to BP Investors: do yourself a favor, when possible, round up or down to the nearest 100.  Its not about making the lender's job easier, its about helping your loan make it thru the Bank's processing, U/W and closing without one of the many people who touch the file making a mistake that can delay your loan funding.

Any like Forrest Gump said...That's all I got to say about that!

@Derrick E., like Forrest Gump said, I am not a smart man.

What was the other...Stupid is as stupid does?  That would be me!

So from here on... out, everyone please always call me and refer to me as... Forrest Gump. 

But getting back to the discussion, why so much "resistance" to such a simple action?

Dad gummit @Alexander Felice from Las Vegas, will you please let me get a word in edgewise?

Listen to me...

Now I forgot what I was going to say

Okay to pile on as unlike "others" reading / watching, as a Florida Mortgage Broker, I can take it as I'm not thin skinned.  

Please inform me, without holding back, where I'm wrong and/or out of line with my thoughts on this topic 

Please tell me how I can improve the delivery of knowledge on this topic, so these facts might be more widely accepted.  

  Is it just me or was it how I wrote the original post?

The replies to my discussion are so far off that I'm thinking I may actual be the complete and total idiot.

Here's the post again, how should it have been written?

https://www.biggerpockets.com/forums/552/topics/576140-negotiated-sales-price-754-498and-98-really?page=1

Talk about rapid fire, I'm conducting mortgage business and closings while simultaneously trying to respond to all you good people at the same time!

 My gosh, I feel like this guy!

@Aaron Linden, first Shalom. 

Next, read the original post please, then respond Sir.