Updated about 16 years ago on . Most recent reply
When to branch out on your own?
I've been working (Bd'ing) for two different investors since the middle of August last year. Between them I brought in over 15 houses that they put under contract. I have different arrangements with each. The one where I get the bigger % I do it all but go to the closing. I find the homeowner, put the purchase and sale in, collect all ss docs, get a Realtor involved, explain to everyone, submit to a negotiator and then keep the client updated. I feel I have a great grasp of how to do things (maybe not everything) and eventually would like to go out on my own.
I know I would need a good RE lawyer, title company, and private lender (transactional company). Right now we pay 1 point to do a double close from the morning to the afternoon.
Should I just sit tight for about a year and learn all I can? I know there are some laws going into affect 4/1 that will affect short sales. Maybe I should look at other avenues of investing....LOL...kinda hard though when you don't have the capital to do it. :lol: