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Posted on 12/27/15 at 12:29 pm to TJG210
Got friends in the business. It takes time, you'll starve at the beginning so have a spouse that has a pretty decent income. It can pay off in the end.
Posted on 12/27/15 at 12:32 pm to stout
quote:
I thought flat fee would have taken off years ago but the Realtors association has done a good job of squashing it so far.
i would really like to talk to you about this in more depth at a later time
Posted on 12/27/15 at 12:32 pm to stout
quote:
I hope this is a shitty troll and you aren't really this dumb
it isn't the first time he's posted this
Posted on 12/27/15 at 12:37 pm to SlowFlowPro
Is he the same guy who said if you aren't making six figures by the time you're 30 it's time to reevaluate your life?
Posted on 12/27/15 at 12:51 pm to GreatLakesTiger24
quote:
Is he the same guy who said if you aren't making six figures by the time you're 30 it's time to reevaluate your life?
He grew up from a poor family, but at ripe age of 6 started working and making sound investments. He worked and saved which put him through college by pulling himself up by the bootstraps. After finishing college he started his own business and is now a multi-millionaire at young age of 37. He also sees people on a daily basis at store buying lobster and steak with food stamps and he gets infuriated by it. Not sure if I"m correct on all that, just typical responses I see on here from time to time.
Posted on 12/27/15 at 1:07 pm to threeputt
It takes about $5k a month payment to buy a million dollar home at these low arse rates. Which means you need to have a monthly household income of around $17-$20k a month to comfortable qualify.
Hahaha. Yeah, everyone should qualify by 40.
Hahaha. Yeah, everyone should qualify by 40.
Posted on 12/27/15 at 1:10 pm to SlowFlowPro
Told a realtor friend I wanted to use the flat fee service to get my house on the MLS and she went off about how terrible these are. I said the market created a demand and they filled the space...dont know how it's a bad thing. I pressed for a greater explanation than just "ugh they're awful, too much to explain" because I genuinely want to know how it's awful. It will save me a ton of money.
Posted on 12/27/15 at 1:10 pm to threeputt
quote:
And if by the time your 40 and can't afford a million dollar home - you have made some poor choices in your life ... I don't think the pool of potential buyers in that price range is small at all ..
I go further and say you should be able to do it on a single income. None of this wife working BS
Posted on 12/27/15 at 1:10 pm to Gr8t8s
Why do you need 17k to comfortably qualify? Don't quote me some "standard" percentage of income to debt... Those standards break down rapidly at higher incomes.
A lot of people on the west coast have 700-800k houses and don't make a lot.
A lot of people on the west coast have 700-800k houses and don't make a lot.
Posted on 12/27/15 at 1:10 pm to joeleblanc
quote:
I think i'd rather pocket the $$$ for all the 'hard' work an agent does for selling my house.
what a joke...
Penny wise and pound foolish. Ever heard of opportunity cost? Your time is apparently not worth much. Most of us would prefer to find a good realtor we can rely on and protect our time to work and make real money.
Posted on 12/27/15 at 1:11 pm to tigerbandpiccolo
MLS is some monopolistic BS too. It has been REA saving grace but I am glad redfin and zillow are tearing down those barriers.
This post was edited on 12/27/15 at 1:13 pm
Posted on 12/27/15 at 1:11 pm to tigerbandpiccolo
quote:
.dont know how it's a bad thing.
Because agents will steer buyers away from lower paying/flat fee houses even though steering is illegal.
Posted on 12/27/15 at 1:12 pm to windshieldman
That's every OTer's story 
Posted on 12/27/15 at 1:13 pm to tigerbandpiccolo
quote:
Told a realtor friend I wanted to use the flat fee service to get my house on the MLS and she went off about how terrible these are. I said the market created a demand and they filled the space...dont know how it's a bad thing. I pressed for a greater explanation than just "ugh they're awful, too much to explain" because I genuinely want to know how it's awful. It will save me a ton of money.
if you have a complex situation paying for the services of a realtor is likely a good choice
but if you can do a little work on your own and have a general understanding of what to expect, it isn't worth it. it's the decreasing cost of information and that threatens the industry, so they use whatever they can (including government) to protect their industry.
Posted on 12/27/15 at 1:13 pm to lynxcat
quote:
A lot of people on the west coast have 700-800k houses and don't make a lot.
On 40 and 50 year mortgages they'll never pay off.
Posted on 12/27/15 at 1:14 pm to dsides
On a cheap house, then use a REA... More expensive houses becomes a racquet.
Posted on 12/27/15 at 1:14 pm to stout
quote:
Because agents will steer buyers away from lower paying/flat fee houses even though steering is illegal.
this sounds like a great opportunity to promote my new media business as well as my new real estate business
Posted on 12/27/15 at 1:14 pm to yellowfin
A million dollars will get you a brand new quintuple wide in most towns in Louisiana
Posted on 12/27/15 at 1:14 pm to SlowFlowPro
I started a flat fee brokerage at one point. It was mildly successful. Traditional realtors fight you every step of the way. There was a local KW branch that had a meeting and decided that they weren't going to show my listings (they were going to justify it by saying that without traditional representation, they didn't have full confidence in showing such a property). The only reason I know that is because I had a friend in the room. They were also going to boycott another side business that I had that some of them used because I started this "disruptive" business......unless I switched back to a traditional model of course. I told them to frick off.
It can be successful with the right marketing and money up front. I wasn't willing to do what it took. Started another business that took off and makes more than I ever made in real estate.
It can be successful with the right marketing and money up front. I wasn't willing to do what it took. Started another business that took off and makes more than I ever made in real estate.
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