All Forum Posts by: Patrisha Leybovich

Don't bother with the title co yet. Spend a few hundred bucks and get a good local RE attorney to draft you a state friendly purchase and sale agreement. They will walk you through it and explain the in's and out's before setting you free to use it to do deals. Don't hesitate to spend a few hundred bucks on your education from a professional here. (I'm referring to an attorney). It's well worth your money and will help prepare you for longevity in your investment career. 

Once you have your contract down and have confidence in your understanding of the terms, you'll know how to talk to sellers as well. Then you sign your contracts, and take your earnest money to title. They'll handle the rest. Title co's aren't attorneys and shouldn't be relied on as such. They're good for tons of other things, though!

How's this: 800 calls  = 20 contacts = 5 nurtures = 1 listing appointment. 

@Daniel Leyva,

Hi! Yes, in some states you do have be 21 to activate your license but you don't have to be 21 to take your course work. I agree that the ability to be "successful" as an agent lies entirely on you. Having said this, there are some systems and brokerages that will definitely help you more than others. I'm with Keller Williams in Arizona, and they are awesome. There systems are unlike anything else I've seen. I would be happy to talk with you more about the process of becoming licensed and selecting a broker that works for you if you'd like. Just PM me and we'll chat.

Best,

Patrisha

Hi @Ari T.. I'm Ben Leybovich's wife. I'm licensed in here in Phoenix with Keller Williams. I'd be happy to assist you. My email is [email protected].

Keep it simple. Do modest price increases annually so that your tenant logically feels it less headache to pay the increase compared to relocating. When they finally do relocate, spend the money to turn your unit and then go for your big increases.  

Ben and I are partial to Stroh Johnson and Co in Wapakoneta, OH. Ask for Stephanie Shutt.

Yes, be totally upfront. Just tell them what you can list if for yourself and see what they say. If they can help you, they will, and if they can't they should be fully supportive of your efforts to do what is in your best interest. 

A good realtor is always acting in their clients (and everyone else's) best interest. Sometimes that means sending them off on their own!  

I'd be happy to refer you to a great investor friendly agent in your area if you'd like some help. PM me for details.

Good luck!

Okay, let me tell you that what you need to do has more to do with the importance of respecting personal relationships than it does with the property itself. Understand that if the two agents in your life are as good as you say they are, then they'll know a bad listing when they see one (a house with little to no equity in it, for example).

If they truly want the best for you then there will be no hard feelings. Either one of them can list it on the MLS for you for a flat fee.

Step up and be honest. You'll gain their respect and avoid any uncomfortable moments with them in the future. 

So this is a bit different than your typical multi-family deal.  Double and triple check your numbers. Talk to you insurance agent, talk to your CPA. If all looks good, God bless!