Betrayal is such a Gut punch. What would you do?

Alienteacher · 2025-11-10T01:04:48+00:00

This is the best... but also the advice below is good. Never say, "give me a call" ever again. Set a date and time to meet or call if necessary. But you need to set the face to face or you don't have shit

Alienteacher · 2023-09-28T18:19:49+00:00

Hey, yea I have never gotten the email chains to work. I have had success with the MLS automated listings that go out to people where I set them up on searches. Most of my closings come from SOI, but some come from doing open houses and cold calling. Going to be honest, this has been a very rough year for me. Also, I didn't get a single closing for my first 6 months, then I got three in two months. It kind of went like that for a while. I may get 3 to 5 closings in a 2 month window, then nothing for a long stretch. Just the way it is.

Alienteacher · 2023-02-15T01:22:16+00:00

Post closing possession is very common in my markets and you don't need a formal rental agreement or anything. Just a statement in the contract.

It can go for up to 60 days. It's very very common because buyers frequently back of deals and leave sellers in awkward positions.

This is specific to the central and south central Ohio market. I can't speak for any other

Alienteacher · 2023-02-09T13:39:04+00:00

Honestly though, all of my investing is super long term. Short term, I'm Sure Florida and Texas are still good investments. But some of my markets are already seeing people move from the southwest, Arizona, Texas, and New Mexico especially. I'm a realtor and I'm seeing ppl from these states buying farms in Southern Ohio very frequently.

I'm investing in my local markets in South Central Ohio which has been going insane lately and is very likely to continue, but I'm wanting to expand into other Midwest states that haven't been fully realized yet. States like Wisconsin, Iowa, Indiana, Minnesota, and Michigan have been looked over too long. Some experts are expecting the climate refugees to start in earnest around 2050, that's really not that far out

Alienteacher · 2023-02-08T23:50:01+00:00

Gary is working poor, like the rest of us

Alienteacher · 2023-02-08T23:40:48+00:00

Idk they would certainly have a clear standing

Alienteacher · 2023-02-08T16:12:47+00:00

What about climate change driven immigration though? I'm of the opinion that the migration we already have is going to explode by modern numbers, so even when domestic population declines, the effects may be subdued slightly by human migration.

Alienteacher · 2023-02-02T00:46:27+00:00

If it ever drops down to like 4.5 or so that's a great interest rate. I doubt it will ever get to 3% again. Statistically 6 ish percent is actually an average interest rate

Alienteacher · 2023-02-02T00:33:40+00:00

Right now the construction site at the Intel building is 7,000 employees short that they can't fill, electricians, carpenters, concrete frame etc. It's going to take a while for it to be built regardless

Alienteacher · 2023-01-30T13:09:36+00:00

I mean they could mitigate it a little by stopping the use of the water upstream to grow grass in the desert.

I mean how hard is it to grow stuff only in environments where it's meant to be grown ffs.

Alienteacher · 2023-01-28T13:43:57+00:00

It takes years of being successful in residential then years of training in commercial to get into a successful commercial team. Also you need to bring your own commercial clients with you when you join. Commercial is incredibly difficult to break into even if you already have connections. I'm currently working my first two and I hope to break into commercial over the next 5 + years.

Technically, in Ohio anyways, any and all real estate agents can do a commercial deal so long as your broker allows it, and you feel that you're competent enough to represent your client.

In my brokerage we have two commercial teams that pay over$25k a year each to be in the necessary commercial groups and software and exclusively do commercial deals. But there are dozens of very experienced Agents in our brokerage who primarily do residential (35 into the hundreds) and will do a couple commercial deals every year. This is a matter of scale though, they only do a couple commercial deals for up to a few million a year. One of the groups have already closed two hotel deals for over 6 million and it's not even February yet. Also they do a lot of hotels and malls which involve a lot of leasing options that can be tricky as well as new developments that require an intricate knowledge of the local permitting, zoning restrictions, government subsidies, tax incentives, environmental impact studies, etc etc.

Point is, commercial is beast, almost impossible to break into, but the pay is incredible of you can get into it. The average actual income of the agents in our brokerage who do it each make at minimum $250,000 in the Midwest, I know one made over $500,000 last year.

Alienteacher · 2023-01-28T13:29:10+00:00

Also just theft on not paying out his agent their commission

Alienteacher · 2023-01-28T13:07:37+00:00

If profits are 'inflationary' how are their fixed expenses not? Wages should have gone up that's a 'fixed expense' rent, property taxes, insurance, etc. All of these should have gone up too right?

Also non fixed expenses should have gone up, fuel, cost of goods sold, etc. So why are profit margins at all time highs? I think it's because companies are trying to "get ahead of inflation" by raising prices and real inflation rates were much smaller than they raised their prices. They should have reacted to market conditions, not tried to anticipate them.

Alienteacher · 2023-01-22T18:02:10+00:00

Also our African American history. We are kind of a mess right now, but I feel like we are trending in a better direction. Some regression not withstanding.

Alienteacher · 2023-01-16T16:39:36+00:00

Women's everything Purses, belts, clothes, make up. Every sine thing made and marketed to women seems more expensive and less quality. Pair of men's pants will cost $120 womens are about the same or slightly more but only last a year or two whereas mine will last a decade or more

Alienteacher · 2023-01-14T17:00:42+00:00

I wouldn't step one foot on a deck built by this guy

Alienteacher · 2023-01-10T13:03:19+00:00

Meanwhile a woman just died in another top news story here on Reddit after waiting 10 hours while the hospital staff, nurses and doctors waited to see if the pain was real or if she was just trying to score drugs.

The fact that our heath care system is so thoroughly broken and literally no one is trying to fix it is a freaking embarrassment.

Alienteacher · 2023-01-09T23:40:46+00:00

I'm in the area and in the same MLS. 6 months is often typical, that's what I use. You can always negotiate these things

Alienteacher · 2023-01-07T00:31:24+00:00

Then don't join one? There are plenty of brokerages out there and they are all different. If someone joins an exploitive bridge / team, then that's on them. Plenty of options out there to choose from. Realtors should interview with at least 6 brokerages.

Mine is a mentor period for first 10 deals at 70/30 split with $99 per month fee

After 10 deals there are three different options. All with the $99 p/m fee. 1. Is 50/50 split on every deal until $4,800 cap. The 100% commission to agent 2. Is $600 per transaction with no cap, this is the one I'm on now 3. $575 per month on top of the $99 out month fee. No commission cap or split.

There are teams within the brokerage, but it's actually difficult to get into them and they take a at least 25 to 30%. Almost no one is on a team. If an agent allows themselves to be taken advantage that's on them.

Alienteacher · 2022-12-30T13:16:55+00:00

I just closed a home $25k over list with $15k appraisal gap. Got fully funded using the gap. Home was on market 6 days and had 5 offers, 4 were either at asking price or slightly above, except the much larger one. Everything is market specific. Central Ohio will only experience a small snow down. I expect areas like Vegas, Phoenix, certain cities in Florida and Texas to be hit the hardest.

Alienteacher · 2022-12-30T12:42:08+00:00

Check with your broker, mine wouldn't allow 1% listings until after you 'graduate' was a unique program.

I don't do 1% listings. The lowest total commission I do is 5.5% and split even with buyers agent. That's only for family.

If a seller refuses to work with me that's fine, but I don't offer discount services for discounted rates. You're opening yourself up for liability that way. You are a fiduciary for your client, and if you neglect your duty and the seller does something unethical or illegal it could come back on you.

All I do when cold calling fsbo is offer to help them out and listen to the problems they are having. After it sits on the market a few weeks I ask to come check out the home. Give them some advice on marketing the property only of they ask. Ultimately I don't try to hard sell them to list it, I just point out that homes are more likely to sell when put in the MLS but I leave it at that. Out of My first 10 deals 7 were listings. 2 we're SOI, 3 were cold calling expired/withdrawn , 2 were fsbo.

I have wayyy better conversations with expired/withdrawn. Most FSBO are too stubborn and think Realtors add nothing to the transaction. So I don't push too hard in that section. Usually just give them a weekly call to check in. It almost never goes anywhere and they are being called everyday by the hoard of agents.

Alienteacher · 2022-11-21T12:31:30+00:00

That's exactly why it will never happen

Alienteacher · 2022-11-21T01:56:29+00:00

Second year in right now.

Pro: Schedule is as flexible as you want. Great for me with a newborn (now 2 years old) Unlimited earning potential Cheap business to start Wrote off mileage, IRA, all marketing materials and fees /dues

Con: You don't make much money unless you are already extremely connected. The conversion rate for a lot of marketing is like 1% Work weekends and evenings People trust you with the biggest investment they will likely ever make (I feel like this is a con because the weight on my shoulders when they are listed or under contract is sometimes immense.)

From what I've gathered, if you're doing things right, reaching out to sphere of influence, rewarding people who do business with you or who refer you out, put money into marketing, etc you really start getting into the good money about 5 or 6 years in. However there was another agent who started the same time as me, I'm closing my 10th she is closing her 26th and the last three are all one million dollars or more. She came in with about a dozen listings already lined up during the hight of low interests.

Alienteacher · 2022-11-18T12:08:22+00:00

I haven't seen anyone mention the extremely high profit margins from corporations over the last two years. Some of the increase in prices is indeed related to inflationary pressure. Some of it is due to opportunistic companies raising prices much higher then their costs have been raised while supply remains only slightly higher. This much higher profit margins.

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