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Updated over 10 years ago on . Most recent reply

User Stats

52
Posts
5
Votes
Jesus Villarreal
  • Investor
  • Abilene, TX
5
Votes |
52
Posts

advice needed

Jesus Villarreal
  • Investor
  • Abilene, TX
Posted

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?

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