All Forum Posts by: Mark Updegraff

Congrats!  I went with RE/MAX because they pay out better for high producing agents.  If you're going to make a go of it I recommend tackling it yourself and advertising as heavily as you can until you build your client base.  Zillow and Trulia are key and though not cheap, it's like the lottery, you gotta play to win!

Why do you need a team?  You found BP - start reading here and all the sources recommend by the professionals here!

Originally posted by @Chris Kennedy:

1. Get prequalified pre-approved with a lender, and get clear on your goals.

2. Don't expect to necessarily meet one perfect agent. Meet with as many as you can, give them what you're looking for, and see what sticks. No need to tie yourself down to one agent. The motivated and successful ones will bring your deals, and in the long run you may end up consistently working with one or two. Play the numbers game to start with.

3. Once you have something to look at the ball is in your court. Successful agents will not keep sending you deals if you are unresponsive, don't take action, or can't follow through and close. So step one is important!

Good luck!

If I find out you're working with other agents, you're no longer working with me.  The motivated and successful realtors have no problem moving deals.  They quickly identify them and line up their best fit buyer.  If you don't answer the phone, NEXT!  Deals with equity require immediate action, and things are still not certain.  If you're not a cash buyer, your odds of securing said deal is not very good as well.  Cash is King

@James Wise indeed Rochester is good for Cash flow.  We're not super close to NYC though.  Most of my clients buying from there fly in when they need to be here.

working until the game.  Big multi that just listed.  Banking on the investors not bothering with it and watching the game.  Trying to get a conventional offer though.  We'll see how good I am!  Already one cash offer, definitely going to have to pull out the stops!

Hopefully will have time to make Chili before it starts... 

Welcome! Can't wait to visit again!! What is the best nola zip for RE investment??? Top 3?

What does co-wholesale mean???

Real estate investment needs to be emotionless. You should drive the transaction because it is a sound decision and the pro forma supports it. If it is a bumpy ride get a new agent for your next deal. If the deal is the problem, find a better deal and drive that one. Learn the process and Own It!

If you want the best agent (which you should), realize this: they are interviewing you. If you say "creative financing" they're not calling you back. Best approach is to figure out who the most successful licensed professionals are in your area and demonstrate your value to them by being able to quickly close a deal when opportunity knocks. What you want to say (without lying) "i will buy with all cash and no inspection if you bring me deals with equity" now you've got my attention! Cheers, Mark

you should be able to quickly search the site to read all about this technique.  

Simply put, you're experienced enough to be able to get properties under contract directly with sellers cheaply enough that you can assign that contract to an end buyer for a profit.  To get an end buyer that will continue to be an end buyer, you will have to have a real deal with enough equity that everyone is happy (you and the end buyer).  So, you're still selling at a discount to market value, you're just getting a discount big enough to get you paid in the process.  

Again, search the forums to read more!

Cheers,

Mark

yes you can.  And you'll be liable for taxes in both states!  I am not a financial advisor or attorney but I pay them to help me.  They have advised me to title properties in the state they are held to avoid double tax.  Disclaimer:  consult your local professionals to answer state specific questions.