My name is Will and I was born and raised in Maryland. I'm currently a 19 year old college student w/ a knack for business. Although this is the new members section I'm not completely a new member. I've just been inactive for a year. Anyway, I started off wanting to invest about a year ago and gave a small run at wholesaling in order to raise funds for further investments. After losing somewhere around $1,500 to $2,000 on mailings and seeing potential agent leads go down the drain I decided that making money w/ Real Estate would probably be easier if I got my license, saved up some cash and went at things differently. So that's exactly what I did. I passed my final test yesterday and now all I have to do is hang with a broker. I've spoken with Long and Foster and they want to take a whopping 75% of my commission for my first four deals. After that it's a continuous 50/50 split. I've yet to meet with any other brokerages but that's on my agenda for this week.

I have a few family members and friends who could potentially give me immediate agent business but I'm aware that I can't keep relying on word of mouth as a method to get business. I've been looking around for marketing advice and the plan of action that I've come up with for my first year consists of

100+ touches to potential sellers for 200/365 Days (Cold Calling, Door Knocking)
20,000 Touches in 1 Year
Setup profiles on Multiple RE Sites ()
FOLLOW-UP ON LEADS USING E-MAIL, CONTACT WEEKLY or Bi-Weekly
Join NAR & other beneficial organizations
Business Cards
Floor Duty

What I truly want to do is use creative strategies to acquire 2-4 rental properties in the next year. I know I can find a few people who are willing to do owner financing, stretch the payment and then rent the property room by room. Owner Financing, Lease Options & Subject To's are all methods I'm familiar with.

If anyone can offer any advice on finding the right brokerage, adjusting my action plan, helping me put together a plan for rentals or just giving feedback please feel free!

Thanks!

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New Real Estate Agent - Harford County, MD

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