I can’t blame the public for rightfully being cautious of our industry. There are too many gurus and scumbags coming up with “new” ways to “help” them out of their situation like the loss mitigation/prevention companies. They would charge large upfront fees and do little else. 501.1377 attempts to deal with that but like anything the government meddles with, it forces those doing it right to play by tougher rules while the crooks just adapt to it and keep running their scams.

When I go to the Doctor and he prescribes medicine for my ailment, or if I go to a lawyer he tells me the strategy for my estate…do I tell him he’s wrong or it must be illegal? NO!.

Why, because I trust that he knows what he is talking about and he is a credible professional.

See where I may be going with this?

The article WAS directed AT agents. It just wasn’t ABOUT agents. At least not the part about those making a killing in today’s market.

Not sure you intended to but you exhibited a real self-limiting belief in your comment. As a real estate professional…shouldn’t one already know if flex options and owner financing are legal?

Not coming down upon you but that’s the point. Too many realtors find reasons NOT to do business rather than learn how to facilitate business.

Let me ask you a question. Why do you think that flex options or owner financing may even be remotely illegal? Perhaps becasue you don’t know about them?

A real estate professional needs to educate themselves and become well rounded profit rangers that can analyze a deal very quickly and see where the landmines are, what the gross profit potential is, and the overall viability of the deal.

Seperate yourself from the confines of conventional wisdom and FIND a way to make various strategies work to your advantage.

What I said was we have been “talking about some people who are making five to six figures per month” in the real estate industry. Never said they were agents.

Most agents are constrained by profit limiting beliefs and bad direction and hopelessly misguided information.

My problem is that the so-called real estate professionals are not living up to their label. A professional needs to know how to profit from all facets of their business.

If I go see a lawyer, I expect that even if they have a niche focus like family law, they could still help me with other legal problems. If I go to a doctor for a throat irritation he more than likely help me with a cut on my finger. If I call a tradesmen like an electrician, he can just as well wire an outlet for me as he could install a light fixture.

Why, becasue all that they do helps them increase their income. They are not going to leave money on the table.

Here’s a question for a real estate professional. How many real estate agents would know how to work with a Buyer who wants to utilize a flex option in regards to the purchase and re-sale of a house? How many would even know what the document was? How many realtors would be able to facilitate a deal wherein the Buyer asks the Seller to accept owner financing on a property?

There are sssso many ways to make a deal happen in today’s market it would absolutely astound most real estate agents. They aren’t at all prepared to seize the opportunities in today’s market becasue they are wholly constrained by self-limiting beliefs.

It’s a shame.

I am in the process of developing those relationships and duplicating what those successful agents have done. Why reinvent the wheel? Problem is developing relationships takes time and for most agents, the mortgage is due on the 1st so they don’t have time. Then real estate becomes one transaction after another when if you develop good relationships the transactions come.

When I hear the stat that 5% of agents do 95% of the work, I think of people like you. It makes you wonder why the other 95% even bother.

We can go back and forth about the low entry requirements but that is a futile argument and we both know that will never change. But it’s amazing the cleansing that takes place in a down market when so many don’t know how to generate business.

FYI..don’t kid yourself, having an operating and successful 8 agent brokerage ain’t just whistling Dixie. Sounds like you have assembled a very good team. Congrats!

Making money is pretty much the point isn’t it? (but I know exactly what you mean). It’s real nice to help someone buy or sell a home for the betterment of mankind and all, but I wouldn’t do this for free.

If I wanted to work for a small pittance and really help humanity, I’d join the Peace Corp.

I sell real estate to pay the bills, feed my children (ever seen a 17 year old boy eat?) and enjoy life. I’m not making six figures a month, but I’m doing OK. Our little eight agent brokerage we just opened in February has more listings and escrows than the 40 agent franchise brokerage we left. Either we’re doing something right or they’re doing something wrong (actually, it’s some of both I think).