Well boy... So I finally have something to write about in a journal, so I decided to start one.
A real brief background about myself. I live in Orange County CA and am a pilot for ExpressJet Airlines. I am getting furloughed Oct 1st (furloughed is basically being fired, except they will eventually call you back to work), and hope to do REI full time!
I have enrolled in the Success Academy and part of the homework for Lesson 1 was to contact a Realtor and set up meetings, etc. Well I contacted 3 Realtors so that I can sort them out and decide which ones to use, if any. After reading these forums a bit, I at least had a good idea what to expect and to know that some of them may be less informed than others.
So my first meeting was today, and it was with a guy named Sam. The meeting lasted 15 minutes. I was talking to him and he was asking me what I am interested in, and I told him SFH 3 bedroom, etc etc. He asked about my financing and I told him that my parters would be purchasing the property and that I would most likely assign it over to them. Unless it was a property that I wanted to personally purchase.
So he begins to tell me that you cannot do that, and I listen politely. He pulls out a contract and shows it to me and says "See where it says 'Buyer', that's where you put your name". So I continue listening to his little spiel and then he begins to say that in order to purchase a home, I will need to get pre-qualified and have a bank ready to give me the loan.
I don't quite respond to that and so he continues by saying "Okay, I guess I'll waste my time pulling up some properties, but I need to know how your going to be financed." So I stopped him right there and said "Lets do this Sam. You don't need to 'waste' your time looking up any properties. Let me get a business card from you and consider what I want to do, and I'll call you"
His tone changed a little and he started talking as though he wanted to help me if I had any questions. But the meeting ended there.
He was an older man who has probably been in the business awhile and is used to those set routines to sell a property... Oh well, his loss. Also when he asked me if I was interested in short sales I said no, and he asked why... and I didn't really know what to say. Now I know I can say because they take so long! I'm 27 and look young, so I'm sure he thought he was just dealing with some kid who wanted to buy a house.
Anyway, I'm moving forward. I have 2 other Realtors I'm meeting with on Tuesday and they were very receptive over the phone. I asked each one to have at least 10 properties that meet my criteria, and to have about 8 comps for each property.
I was also calling around all day to try and find some investors and buyers, and that seems like it will be a difficult task.
Well, sorry this took so long!