Just got my Real Estate license...what's next?

Question

Hi everyone,

I am newly licensed in Massachusetts. I have my first listing! Woohoo! I am going to continue to work as an agent but I would like to do some investing and flipping of my own.

I am not really sure where to start? Any and all advise would be greatly appreciated.

Thanks and great site!

Cindy

Shaun Reilly · Answer

Tagging @Ann Bellamy to point you to where to get more info on the Black Diamond events. FYI Worcester meeting next Tuesday and Waltham the following Tuesday.

David Schwalb · Answer

Hi Cindy and congrats. I'm new as well, but I'm learning as much as I can possibly absorb by reading the materials here and talking with people at some of the many active REIA's in the Boston area. The next one I know about is next Tuesday the 18th in Shrewsbury, that's organized by @Ann Bellamy .

Account Closed · Answer

Welcome, welcome @Cindy Fraielli- First of all, congratulations on your first listing, how exciting! If you're looking for more information on flipping, definitely check out this awesome guide: Flipping Houses: The Ultimate Step by Step Guide I think you'll find that it's a great resource for you! Good luck!

Cindy Fraielli · Answer

Thank you Account Closed I just started watching the podcast. Local REIA is a great idea. Thanks again

Paul Timmins · Answer

@Cindy Fraielli Welcome.Congrats on the license and the listing. Brandon Turner did a nice article The Real Estate Agent’s Ultimate Guide to Working with Investors http://www.biggerpockets.com/renewsblog/2013/08/24/real-estate-agents-working-with-investors/ Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing. Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having 50 past ones to catch up on. Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Thursday night there is one in Rockland. Taunton and Providence are local to you. Let me know if you want info on these. Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook Good Luck Paul

Ann Bellamy · Answer

@Cindy Fraielli , and thanks to @Shaun Reilly and @David Schwalb The Black Diamond website is in my signature block below, and gives you info on the next two meetings, both Worcester and Waltham. If you join our mailing list, you'll be notified of each meeting. In addition, I have just posted an announcement on Bigger Pockets at this link Hope to meet you there, and welcome to Bigger Pockets.

J. Martin · Answer

Hi Cindy , and welcome to BP! I'm a "fix and hold" investor from the Bay Area in CA, and loving it! But you'll find a variety of every type of investor on the site, and everyone is amazingly helpful. Some pointers for you: The "Learn" link across the top navigation bar has lots of great info, and so do BP members! You can click on the "vote" button if you like someone's post or is helpful, and there are "awards" to earn on your profile. And you can tag people by typing @ before you type their name, then clicking their name at the bottom of the message box. Welcome to the site, and good luck in everything!

Joshua McGinnis · Answer

Congrats @Cindy Fraielli You're in one of the few careers where you are only limited by your own ability to work hard and overcome your own self to be the best salesperson in your area. I wrote a pretty length post recently for someone who was thinking about getting their license. It contains a lot of things you'll need to start thinking about and touches on some of the things you should be doing: link to the post. Have you already joined a broker? You need to do that before you can actually start selling anything. I highly recommend Keller Williams for their academic approach to training. If I were you, the first contact I would make is a title rep. They'll be able to get you all of the data you need to figure out where you want to farm (a geographic area of a 400-600 houses with annual turnover of 3%+). Once you have your farm, start door-knocking asap! Hit all 400-600 houses each month and make your presence known. KW teaches that it takes about 8 contacts before someone decides to use you as your agent. Welcome to real estate. I work in one of the most competitive markets in the country and my wife and I are both out there everyday doing everything we can to make ourselves successful. It's mentally hard to face so much rejection, but the short wins you'll encounter along the way will keep you propped up as long as you maintain the right attitude. It takes a lot of work and the process will surely keep your therapist in business, but you'll sleep solid at night knowing that if you continue to persevere, the outcome of your life is almost entirely in your hands. Welcome!

Cindy Fraielli · Answer

Great, thank you @Shaun Reilly

Cindy Fraielli · Answer

@David Schwalb I will look into the meeting. Where did you get that information? On BP? Thanks for you help!