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Damon Redmond, Investment Property Specialist (Option 1 Realty Group) Real Estate Broker/Owner

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Damon Redmond
Investment Property Specialist
location_on Newark, NJ — Option 1 Realty Group
Get to Know Damon Redmond

My name is Damon Redmond. I have been in the involved in the real estate industry for over 20 years. I am a single father with 2 children and currently live in Newark, NJ. I started in the mortgage business in 1997 working with a local company called PHH Mortgage, then CENDANT, now back to PHH Mortgage(recently sold again). I worked there as a loan consultant, working with inbound calls that came from realtors and buyers from around the country, PHH had a very big network. I worked there for 3 years and then got burned out by the telephone sales. I wanted to get a taste of the real estate business so i started buying and selling residential real estate in south jersey. I eventually got my real estate license in 2003 and started to sell real estate full time. I positioned myself in the real estate industry as a mortgage professional that would refer leads to realtors in return for clients to do their financing. It worked well and I developed a nice network of real estate and mortgage professionals in the North and South regions of New Jersey. In one of my real estate investment deals, we paid cash for a property and did not get a title insurance policy on the property. To find out the property had all types of liens on it and it ended up costing us well over the asking price to clear up. After this experience, I got my title producer's license in the state of NJ. This allowed me to learn all the ins and out of the title business so I would never have to go through losing so much money again.

Today I am helping real estate professional that want to focus on working with real estate investors to grow their business. With my experience in several different fields it allows me to truly advise my clients on their best interest in whatever real estate or mortgage decision they have to make. The added-value comes in an all around knowledge of the process and procedures to insure a smooth closing and to make sure that you are getting a good, fair deal.

Certifications

In the last 3-4 years I have been working very closely with real estate agents and loan officers that are in looking to work with real estate investors. I train them on how to become an Investment Property Specialist in their respective markets. This is an area that I am very passionate about because I am a real estate investor myself and want to encourage agents to work with real estate investors. My job is to educate the agents on the many options that they might not be aware of that they have when working with real estate investors.

Providing an honest analysis of a potential investment opportunity is my talent. My goal is to help as many realtors enjoy the benefits of working with real estate investors. In todays real estate market it is hard to find someone that has the knowledge and expertise and can give and honest opinion of what needs to be done right. I come across a lot of agents that are clueless when it comes to working with real estate investors. As a real estate professional myself I am embarassed at the level of ignorance and scams that are taking place. That is why my consulting business aspires to be upfront with all fees and costs and will specifically look at your situation and determine what needs to be done to accomplish the needs and goals of the client.

One area of expertise that I am spending much more time in is Landlord consultation. This one area of the real estate business is so overlooked that I have decided to get more involved in educating the consumers on their rights to being a Landlord and to make sure that they are saving money at the end of the day.

 

Awards

CDPE

Skills

Negotiating Skills

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I work with real estate agents and brokers that work with real estate investors that are looking to grow their business as an investment property specialist.