New investor/realtor in the Atlanta area

[Lance Mundo]

Hello, 

I jointed BP Pro today, and this is my first post. I am an aspiring real estate investor in the greater Atlanta area (live in Newnan, GA), and am working on my real estate agent license now. My goal is to close on one cash flowing property before the end of the year, in order to support my longer term WHY of becoming financially independent and secure generational wealth.

The rough ideas that I'm exploring are: 

1. to seek out a broker that is looking for a new salesperson that wants to focus on working with investors

2. solicit investors seeking a real estate agent by offering a reduced commission to grow my business, and hopefully learn from those investors as well 

Any advice or criticism is welcome...

I look forward to learning together. If you are local, please reach out - I love growing the network, and helping out. 

Lance

[Michael Dumler]

@Lance Mundo, hey Lance! Welcome to BP! Keep in mind, when it comes to interviewing brokerages, you're technically the one taking point. What I mean by that is essentially the majority of brokerages are always looking to add to their sales team, however, will they provide you the necessary resources/training to get your business off the ground and help in the areas where needed? When interviewing, explicitly ask what training they provide, clarity of commission split, associated monthly fees, lead generation resources, etc. Furthermore, point number two is somewhat flawed. While it's not always the case, the commission is negotiated and estbalished between the listing agent and the seller of a property. Once it's in writing, it's always a bit of a nuance to try and change. That being said, if you source off-market deals and have your clients pay you a flat commission fee, they'll be grateful for it. Hope this all makes sense and helps!