All Forum Posts by: Preston Dean

Quote from @Anup Jung Karki:

Good Afternoon,

I am looking to buy multi family or single family around Irving, Texas for 75% ARV. I am looking for property I can fix and flip/ rent. Also, is there a meet up group I can come and connect.

Thank you.

 I can help you with that. I am a realtor with Keller Williams in the DFW aera. I'll send you a friend request and a PM. 

Quote from @Myeasha Jones:

I’m trying to understand more about

“In any state, a real estate agent must work under the supervision of a licensed broker”

Approaching becoming a licensed real estate agent- 

How do you/ did you approach brokers? Do you only reach out to brokers hiring or big organization like KW or Compass as a newbie?

I’ve searched brokers and I’m not seeing any mentioning of how they “hire” or choose agents, should I be contacting brokers directly about working under them?

Hey Myeasha, great question! It can be confusing from the outside looking in!

Think of having to work at a brokerage, like a licensed science teacher has to work at a school. They can’t practice teaching science unless they are teaching at a school, where they can then teach kids and be supervised (unless you are a home school teacher of course 🤪)

having your real estate license and working at a brokerage is the same thing. You don’t really see places say “now hiring” because technically they are not “hiring” since you are a contract worker and only make a commission. But I guarantee every brokerage will allow you to work there! As they make a % of whatever you bring in. 

hope this helps!

Hi there, I can find you a good realtor in that area! I'll send you a private message

Quote from @Russ Newland:

My wife and I are currently working with a real estate agent to find and purchase a home, and have signed a standard buyers-agency agreement. That said, I have now found an off-market deal that I would like to pursue. Am I bound to use my agent for this deal, or can the seller and I work through it on our own? 

When you signed your buyers representation agreement there should be a portion that says CLIENT OBLIGATIONS - at least in Texas there is - In that portion it outlines what your duties are to your realtor. 

There also is a BROKER FEES section that states the broker will first seek to obtain commissions from the seller. BUT If such persons (the seller) refuse or fail to pay Broker the amount specified, Client (you) will pay Broker the amount specified less any amounts Broker receives trom such persons.

Make sure to read that document you signed thoroughly or the broker that you signed with could come back to you with a small legal case that would then force you to pay the commissions you agreed to  

If I were you I would let your agent know that you have found an off market property so they can proceed to talk with the seller about commissions. Most of the time the seller is willing to pay commissions for off market. 

Quote from @Fili Aguirre:

I've come across homeowners who want to list their home with a real estate agent, im not one. But I could bring them one so that they can list their home. How could I make profit out of this? Would it be legal to charge the agent a ''Referral fee" IF they actually end up listing the home with them?

No it would not be legal to charge a referral fee. You have to be a licensed realtor to receive a referral fee/commissions. At most a realtor is allowed to give a non agent $50 max of monetary value IE gift card. If you are wanting to receive some kind of referral I would take it up with the seller not the realtor

Wahoo! welcome! Instagram was not very effective for me, my business Facebook page has been a lot more efficient. Preston Dean, Realtor. Yet to close a deal from FB leads though

Open Houses have been my best lead gen tool. I've closed 3 homes in 2022 from hosting about 20 open houses. So it seems that about 1 in every 7 I got a client. 

Other than that the other 3/4 of my business in 2022 came from friends/family or referrals

Quote from @Cailyn Aune:

I’m looking for a real estate agent in KC who is experienced and has worked with investors. Does anyone have someone they would highly recommend??

Can you send me an email or some form of contact?
I’ve got a fantastic realtor for you to use!

END BUYERS ONLY. 

CASH COW mobile home park in West Texas. 

Interested parties will need to sign a buyer representation agreement & an NDA before viewing property 

Quote from @Christine Voreza:

Hi! My name is Christine and I live in Fort Worth Texas.

After listening to dozens of BP podcasts, I believe that my desire for Real Estate Investing is an accessible goal this 2023!! Very excited to start having conversations and making offers.

I am looking for an investor friendly agent here in Fort Worth Texas, and also looking to connect with other Bigger Pockets members who are here in Fort Worth.

Really appreciate the the BP community. Thanks in advance!

 Hi Christine! I've worked with a handful of investors in the past. I'd love a chance to chat with you. Give me a call or text when you have a minute! 817-480-9452

HI Teresa, is this on the MLS in Fort Worth? If so what is the MLS #?

Thanks!