All Forum Posts by: Account Closed

Save yourself the time/money and just become a real estate agent. Wholesalers and agent have the same skill set and job title, the only mayor difference is one is license and the other is not. You have a better chance staying motivated in real estate as a agent than wholesaler, not all but many don't make it far as a wholesaler but as agent you don't have much to lose and if you want to become a wholesaler afterwards then at least your better prepare. I'm not an agent or wholesaler, I done business with both as a buyer. This information came from reading forums on BP.

Nope, that agent is responsible for both clients and he wants to get paid so he/she will try everything to make the deal work.

Keep it, rent it and enjoy.

All pro's, no con's from my expierence and my market area. Listing agents here will always prefer someone with no agent so they can more on the commission, I believe that's called dual agent. I can't say of other markets, only in NY and NJ.

Joe Bertolino the buyer is not require to have an agent aka buyers agent. Most people go to Zillow or realtors site and find the homes themselves. Half of the people didn't have agents as well. My buyer didn't have an agent, negotiations went smooth and close in 30 days. So I didn't have to pay 3% to any buyer agent or an extra 3% to a listing agent or even 4.5% to an listing agent who brings their own buyer. Also note: when you pay the $99 MLS fee, you are consider a "for sale by owner" there's no listing agent, you handle everything like an agent would and have your property full exposure.

Owen Buchanan all is well here in NYC but it's dried out so I'm moving to NJ soon to focus properties there full time. Buy and hold is my intentions, how did you this property at that great price? I been on some auctions that also been good deals

Jorge Zea your incorrect on that information. My property was listed on the MLS data base and at realtors. My phone was being blown up the minute it went live. The minute you pay from the site, they will redirect the info to your local real estate agent in your market. They will post it up for you. You had the assumption that once you pay, the site takes care of it, that's not the case. The agent that listing my property on the MLS was from NY.

John LaMedica the $99 flat fee was at mlsmyhome and they give you 6 months of exposure on all real estate sites on the Internet. I flip a $485k house so that 4-6% commission saved me $20-29k

Fire your real estate agent, post it on the MLS by paying a $99 fee and sell it 6% less than you would have. That's what I did and saved on commission

Owen Buchanan you and me should partner up if you still wanting to invest in Irvington or even Newark has they are pretty similar. I'm a NYC investor and the market here has dried out. I have been studying, analyzing and driving by the area in Newark for the past 3 months and see potential but also the stress that comes with it. I have heard about the CO being difficult and here in NYC we don't deal with that at all so now that's something I have to study about. I read you purchase that property for $19k which is excellent, would you be renting it to section 8? That's what I would plan to do. What other difficulties you had? And any tips for an outside investor?