Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 10 months ago on . Most recent reply

Account Closed
9
Votes |
12
Posts

HI! Can you give me some advice?

Account Closed
Posted

I'm new to bigger pockets, and I've been in real estate for about 5 years now. My team is currently closing 8-10 deals a month. Which is great! But I wanted to leave my team and go solo since I'm the one giving them the listings and the closings. I think I'm good by myself. The question is, Is it right to do so? or am I being selfish? hope someone can give me some advice. Thanks in advance!

Most Popular Reply

User Stats

92
Posts
81
Votes
Christopher Jason Lloyd
Agent
Pro Member
  • Real Estate Broker
  • Newport News, VA
81
Votes |
92
Posts
Christopher Jason Lloyd
Agent
Pro Member
  • Real Estate Broker
  • Newport News, VA
Replied

Its nothing personal, just business.

From the outside looking in, it sounds like it should be your team.  If your loyalty means something and brings you satisfaction, maybe partner with the current owner for a portion of ownership in the team.  I would be straight up and say "I really appreciate the mentorship and guidance along the way but I am now at the point where I would like to take my business to the next level and I wanted to see if you would be interested in a joint venture."  That all being said, they must provide value.  If you are the only one providing value, there's no business sense in keeping people around that provide no value - at this point, it should be YOUR team.  A partner is a partner in the BENEFIT AND STRUGGLE.

I am a big loyalty person too but many people are not.  Hypothetically, if you tumbled down and started failing, would they be there for you?  Are they as loyal to you as you are to them? 

  • Christopher Jason Lloyd
business profile image
Chris Lloyd Real Estate Team
4.9 stars
25 Reviews

Loading replies...