Redfin’s Post

Want to keep up to date with our current off-market deals at NestBridge? Save our deal page and drop in anytime🔓 Direct buyer's only for now please... Fellow brokers / agents / sourcers. To discuss collaborating on these, feel free to email us at hello@nestbridge.uk and let us know the profile of your buyers and snapshot of your experience, bear with us as we get asked to partner up very frequently! Jacopo Trombetta and I, both investors ourselves too, have experienced the frustration of working with 'sourcing companies' that perhaps don't have the most accurate numbers, nor have control of the opportunity, leading to wasted time, resource and money! This is just a reminder to you that every deal that comes through NestBridge has been vetted, researched, and sources verified. Our calculators always account for all buying costs, holding costs (time in the deal which agents often don't account for), financing and selling costs, meaning our predicted ROCE is as true as it can be without having a magic ball🔮 This does mean that we say no to a large chunk of opportunities so you don't have to! We look forward to working with you 🤝 https://lnkd.in/eG8e7WYr

As we all navigate through the ever-evolving landscape of the real estate industry, Redfin's introduction of the Redfin Next model represents a pivotal shift in agent compensation and support mechanisms. Personally, I view Redfin's approach as a clever adaptation to current market realities. Their established practice of employing agents gives them a solid platform to introduce a hybrid model that could be very attractive to agents. This innovation comes at a critical time when the real estate sector is under increasing scrutiny, especially concerning the value and justification of agent commissions. Given the mounting pressures of rising costs, fewer transactions, and greater operational challenges, agents are likely to reassess the benefits of their expenditures. Redfin's approach could potentially preempt these concerns by offering a more sustainable and supportive framework for agents navigating these turbulent times. To my peers in the industry - I'm curious to hear your thoughts on this development. How do you see the Redfin Next model impacting the broader real estate ecosystem? Do you view it as a sustainable path forward for agents, brokerages, and the market at large? Key Features of Redfin Next: 1. Commission Splits: Agents can earn up to a 75% commission split on sales generated through their own efforts and up to a 40% split on sales generated through Redfin. This structure aims to reward agents for both bringing in their own clients and for successfully converting leads provided by Redfin. 2. Zero Expenses: Redfin covers all necessary business expenses for its agents, including state license and MLS dues, association fees, mileage, cell phone plans, training, and more. This arrangement significantly reduces the financial burden on agents, potentially saving them over $20,000 annually. 3. Technology and Support: Redfin Next agents receive access to Redfin's technology platform, including a world-class CRM, and support from a team of showing agents, transaction coordinators, and sales coaches. This setup helps agents grow their business more efficiently while focusing on client service and closing sales. 4. Customer Introductions: Leveraging Redfin's status as the nation's number one brokerage site, agents are introduced to over 100 potential customers each year, enhancing their ability to grow their business. 5. Benefits Package: The plan includes a comprehensive benefits package featuring healthcare, a 401(k) with employer match, paid vacation, and more, which is relatively rare in the real estate agent profession where independent contractor status is more common.

Today, while speaking with an equity broker, I was getting feedback around our first potential acquisition. I went through the metrics of the underwriting, gained some great insights, and he simply asked, "why not buy treasuries"? If that's your risk tolerance and preference, I support you. Bonds and T-Bills provide a consistent, risk adjusted return. The alternative? Buy multifamily real estate. But in this market? Are you crazy? Multifamily properties (assuming you have a solid property management firm like BH) are inflation resistant, provide favorable tax treatment, and have tremendous upside potential. At Nuvo, our underwriting assumptions are founded in the operational execution, a thorough understanding of market research and growth metrics, understanding the competitors, and putting together a REALISTIC underwritten approach. Our first opportunity we are exploring is underwritten to a 5.5% exit cap in one of the best submarkets of Atlanta, Sandy Springs. Our underwriting tells a story with a clear path to success.

🌟 Exciting News from Bullfinch Recruitment 🌟 As a relatively new player in the field, Bullfinch is already making significant waves! We're not just about introducing innovative solutions; we're here to create substantial value for our clients. 💼🚀 The numbers speak for themselves: on average, we've saved our clients a remarkable £8,000 per role compared to traditional contingency suppliers. This is a testament to our commitment to not only meeting but exceeding expectations. 📉💷 Our approach is simple yet effective - understand our client’s needs, provide top-notch service, and focus on cost-effective strategies. The result? Real impact where it matters most. 💡🤝 Stay tuned as we continue to redefine industry standards and deliver exceptional results. At Bullfinch, your success is our success! #InnovationInRecruitment #ClientSuccess #CostEfficiency #BullfinchImpact

Sign of the times: “It’s a general trend throughout history that fraud occurs during boom times and is revealed during bust times,” said John Griffin, a Professor of Finance at the Texas McCombs School of Business. I can only imagine how I'd feel if I was an LP staring down the barrel of a full equity wipe. I would assume there was massive fraud, gross negligence, or both plus something else. While that is occurring in the market today, the blame could be solely placed solely on the inexperience of the GP. No matter what you decide to invest in, please vet your sponsor. Moreover, if you don't understand what you're investing in, DO NOT INVEST.   At ATX Acquisitions, we want to ensure our investors can "Sleep Better and Enjoy (life) More." Having taken 90 deals full cycle, our team knows a thing or two, because they've seen a thing or two. #realestate #investing #CRE

It's the best time to become an originator. The average originator in their 50s/60s. And about to leave the industry, leaving it to be taken over. But a new player has to do it right. Origination is a side hustle game. At first. It's a great side hustle because: - You can make 15 calls/week and make $50-$100k per year. The catch? It will take 6 to 9 months to get a consistent paycheck. Once it's consistent income, and out-earning regular job, then it's time to become a full time originator.

Don't Wait - Act Now! 🚨 In the property world, the Title Split strategy faces uncertainty. Developers often dismiss it, thinking it's too complex or can be left until later. I understand the frustration; I've been there. Today, at TitleSplit.com, I guide portfolio developers step by step, offering a tested power team. We've built a community to support investors like you in achieving property goals swiftly. We have the answers; skip the struggle. Start today: https://lnkd.in/gHA_i4bZ #titlesplit #experian #property #equifax #transunion #investment #propertydeveloper #propertyinvestor #realestate #propertytraining #portfolio #propertymarket #realestateinvestment #hmo #landlord #cashflow #equity #sales #propertylaw #commercialproperty

For some real estate agents out there, it's no secret the current market is tough. "How much do you want to work? How hard you want to hustle? Are you ready to grind? Do you have it in you to take the punches and the obstacles and everything else in between?" - President and CEO of ONE Street, Samer Kuraishi If you've chosen real estate as your path, that's great! This business is phenomenal for aspiring entrepreneurs. Find a place to train and build your foundation. But keep in mind that your biggest wealth is your time. That is your largest bank account. When selecting a brokerage or team, don't compromise. Follow your instincts and find the perfect match. Countless opportunities await you on this exciting journey! To learn more about opportunities here at ONE Street, click the link below: onestreet.one

Time in the business on it's own is misleading; many agents repeat year one 20X. Experience matters, it's in the the training of the trenches we grow as real estate agents and learn to serve our clients with excellence. #thomasJNelsonRealtor #BigBlockRealty

🌟Industry Tip: Always prioritize building and nurturing relationships.🤝 We all know that in commercial real estate, deals often hinge on the strength of relationships. Whether you're working with clients, investors, lenders, or other industry professionals, the ability to cultivate trust and rapport can be the key to securing opportunities and closing transactions. This falls directly in line with our "Cor" purpose at Newcor! We always approach relationship-building with a mindset of providing value before expecting anything in return. By doing so we demonstrate our commitment to our client's success, in turn, earning their trust and loyalty over time. #CommercialRealEstate #CRE #IndustryTips