All Forum Posts by: Account Closed

Kimberly,

Click on someone's profile. That will bring you to the member's area. There is a search field in the top right. Put in 'Dallas' and you will get matches for everyone who has the word Dallas in their profile. Granted some are using the term in a description while others are using it to note their city. Or search for TX. Any string that helps you find people who might be of interest.

In OR any payment, gift, dinner, or other payment from a RE agent paid to someone without a license is limited to $50 (maybe it is now $25 but that is not the point).

Paying a non-licensed person could be the reason you lose your license. If you made a balanced decision as a REI to get a license when you do not need one to be an investor it comes with some trade-offs. You will have to stop certain forms of doing business. In some situations the REI has more flexibility than a licensed agent.

Like getting married. When you say yes to one you are also saying no to other options.

As to property number 1.

In most cases there is no way for you to be added to the loan. Unless the lender wants to approve an assumption if you were not on it before you will not be on the loan in the future. That title to the property is different.

At some level there is a advantage to you not being on the loan but having a share of the property. Not as good for your partner.

Similar to when someone gets financing in their name and then puts the property into an LLC. The LLC might own the property but the borrower on the loan remains the person who signed for the loan.

Tamara,

Welcome.

I am with Josh on this one. Most folks here will want to know you a bit better. What you have done, why you came into REI and other things that help us understand you better. Your 15 second in the spotlight.

You can search for people who are in MO or SL by using the search facility. Not the same as a referral but still one option open to members of BP.

GW,

Welcome.

I believe you will find a few others on BP who are in your general area. You can uses the search facility to find folks in your city or state and any other city you are interested in.

Checking a few places out before settling down? Good to look around :crazed:

Most folks here are investors and not people moving all that much.

That said provide some details if you did find someone you would use again.

Was it a local or long distance move? Long distance can involve two moving companies.

Toby's point about extra incentives to the buy side is spot on.

You want the other agents pushing your deal. They need to see an upside to putting your property first. At a minimum you want to offer the traditional gap between listing and buying so they are not disadvantaged if they bring you a deal compared to keeping it in-house.

Pay for performance. Just be upfront and clear so that there is no dispute later. Buy the performance you want.

Great offer Toby.

For those who do not have specific questions is there some general reading on the topic people could start with? That way they can learn a bit and ask even better questions later.

I know a window contractor who had two trucks and he wanted 2 trailers. He approached Coke Inc about advertising.

They offered to buy three trailers and have the signage painted on the trailers. All he had to do was agree to use them for 36 months on all his jobs (Coke, Diet Coke and Sprite). He quickly expanded to a 3 truck operation so that he could take advantage of the opportunity (free working trailers; brand new).

The marketing was not for his window business but he had plenty of work so that was not the issue. He just wanted to lower is expenses.

Later he sold a different business. This one dealt with stadium construction work. The business sold included a 36 foot trailer (5th wheel) that was used on the job sites. The work was in different states.

He had put an ad on the trailer saying he buys houses. You likely know the drill on the message.

As part of the contract when he sold the business there was a 5 year agreement that the buyer would continue to use the trailer and the trailer would continue to have the 'I buy houses' message with the prior owners phone number.

He figured that about 2-3 deals a year came from the mobile billboard from his now prior business.