Dear Mr Investor wanna be....

By
Real Estate Agent with Innovative Realty Solutions Group BK3248318

 

 

 Sat down for a consultation with a friend of a friend , who had cash and wanted to become "an investor" in real estate...

 

 

 

Me: Great! Lets talk about what your goals are , and what your ideas and expectations are.

Him: No need , I have enough $$ to purchase and flip  homes, just find me some great deals..

Me: There is a little more than that,, Condition, location , repairs and upgrades, how long you plan on holding to start............... What price range? Give me some insight  so I can help narrow the search.

Him: I have cash, and you know what they say,, cash is king... so just find something that I can get cheap, do the upgrades myself and sell for a profit... Dont you watch Tark and his wife on HGTV?

Me..( deep breath).Yes, I have seen them on HGTV, and most of what he buys are on the Courthouse steps . Unfortunately our market runs a much tighter margin. Offers aren't accepted over a phone call, and right now homes are selling at 98-103% to list price.

Him: Ive seen homes on Realty Trac that I'd buy, and banks dont want them ,  my cousin just bought a HUD home a year ago for $10k  and just sold it for $125k. Find me those kinds of deals.....

 

Me: I think we would be frustrated with each other as your ideas and perceptions are so  different than mine,,,,  I wish you well, but I am clearly not the REALTOR for you.

 

Sometimes you just have to say goodbye for your own sanity!

If it was that easy wouldnt all REALTORS be Millionaires?

Posted by

Lesley Wilson VanGoethem
Associate Broker ®

Professional Property Stager Real Estate Agent Consultant

 

Innovative Realty Solutions Group ,Inc

SellingCentralFLhomes@gmail.com
407.620.2434 ( Direct)

Buying or Selling in the Orlando Fl area?  Im here to help.
Call, text, email .. lets chat!

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Doug Rogers
Bayou Properties - Alexandria, LA
Your Alexandria Louisiana Agent

I too require an in-office consult prior to any investor showings. Most opt not to work with me when I explain the dynamics of the market. "Can't you just find me a 100K home for 5K." Sir, if that's how it worked I would be doing it, not meeting with you.

Jun 19, 2016 11:31 PM #1
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Lesley Wilson-VanGoethem

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