All Forum Posts by: Mike Schorah
Mike Schorah has started 300 posts and replied 418 times.
Post: How would you deal with a threat to U.S. security?

- Rental Property Investor
- Posts 423
- Votes 190
Quote from @Mike Schorah:
What would you do if a China government official wanted to buy land near a U.S. military base?
A lack of response to this question shows how frightening U.S. foreign affairs policy is in 2023.
Post: How would you deal with a threat to U.S. security?

- Rental Property Investor
- Posts 423
- Votes 190
What would you do if a China government official wanted to buy land near a U.S. military base?
Post: When do YOU think interest rates will go below 4% again? In 7 years?

- Rental Property Investor
- Posts 423
- Votes 190
In 1980, interest rates shot up to 16%. They didn’t get back to a near-baseline of 9% until 1987.
I’m sure investing was happening in the meantime. Just wondering what your crystal ball looked like.
Post: How much cash flow do you need for a no equity sub to deal to not be a loser?

- Rental Property Investor
- Posts 423
- Votes 190
$3,000/mo on a $400k purchase price?
$1,500/mo on a $400k purchase price?
$750/mo on a $400k purchase price?
Post: What would you do with buyers if you would be a listing agent only?

- Rental Property Investor
- Posts 423
- Votes 190
As an agent, if I didn’t want to deal with buyers and just wanted to deal with sellers only, could I just get a referral fee for the buyers?
How much? 10-15%?
I’ve been told that if my lead strategy is cold calling, then the seller-to-buyer ratio would be 5:1 which would cut out a lot of the buyer side of the job.
Post: Is it better to be an agent in a low population area or a high population area?

- Rental Property Investor
- Posts 423
- Votes 190
More leads Vs less competition.
Post: Why do buyers agents have such a high cost of sales?

- Rental Property Investor
- Posts 423
- Votes 190
I was reading in Gary Keller’s “The Millionaire Real Estate Agent” that the cost of sales for a listing specialist is about 8% while the cost of sales for a buyer specialist is 50%.
What do buyers agents need to spend to help buy properties besides gas/wear-and-tear?
Post: Could a realtor refuse to rent a room in their personal home to certain individuals?

- Rental Property Investor
- Posts 423
- Votes 190
I was reading that realtors are held to a MUCH HIGHER standard than the general public regarding discrimination.
Not trying to offend anyone in 2023 here. Hopefully “certain individuals” isn’t offensive to any left-wing extremists here. I tried to make it sound as polite as possible.
But would renting out a room in their PERSONAL RESIDENCE fall under fair housing or is that law just for non-owner occupied housing?
Also, what actual and punitive damages would be awarded if a realtor got sued by one of these potential renters?
Would the Government sue for a realtor not renting a room in their personal residence to potential renters?
Post: Is Ricky Carruth the best YouTube channel for learning how to be a real estate agent?

- Rental Property Investor
- Posts 423
- Votes 190
Does anyone have any other recommendations?
Going through the Reddit forums, it seems like Ricky Carruth and Mike Ferry are always recommended. Ricky Carruth has more subscribers.
Post: Are real estate agents still cold calling off of expireds, FSBOs, and FSBRs?

- Rental Property Investor
- Posts 423
- Votes 190
Or have those niches gone by the wayside?