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Updated about 10 years ago,
advice needed
I would like to take a quick moment to thank everyone involved at BP for making this a great place .
I was listening to a podcast and was reminded by Joshua and Brandon not to hesitate to post a question when you have one regardless of how unworthy you think it is.
My long term goal and strategy is to aquire rentals. I would like to create enough passive income to be able to do what I love most. ( realestate).
After becoming motivated and after setting high goals for 2014 I've experienced the best year in my realestate investing career . I've purchased two properties and along the way I have interacted with many homeowners. I have referred 5 properties to a friend who is a real estate broker and I want to achieve more. On top of this, my wife and I have decided to partner together so she is wanting to get her real estate license in order to capitalize in all areas.
My questions are as follows,
#1
Will my wife being licensed (texas) affect me being an investor? In other words will this hinder my investing strategies?
#2
When Analyzing a deal, if it does not meet my criteria could I refer it to her as a potential listing ?
#3
How much should we expect to pay our Broker in order to hold her license?
And, the hardest issue that I've been dealing with is
#4
How do I determine whether to sale A property that could potentially be a good cash flowing rental or a good flip? What factors should I take into consideration?