All Forum Posts by: Ab John

My CPA sent me step by step the exact requirements to qualify for the STR loophole and I put it into a PDF. Let me know if you want it, message me or contact me via email- happy to send it.

I just did my real estate school through real estate express which was online and at my own pace then I took the test locally. In my opinion the school is just vocabulary and legal terms - I have found that none of it transfers to actually being a Real Estate Agent except for maybe the contract section.  

Once you get licensed I fully agree with the person above - if you can find a good mentor that would be the best approach to getting started. If I could go back, I would have put more of an emphasis on finding a mentor. The issue is that you need to add value to your mentor in some way for the knowledge they are providing and if you are new, you will have no idea how to do that lol. 

I offered to write contracts, do showings, open houses, etc. But nobody ever took me up on it - finding a good mentor / coach is a lot more difficult than it sounds unfortunately. 

 I would call around to start to meet with local brokerages. See if you can find someone who can mentor you. Know what you want to do and why and go for it.

Autopay, autopay, autopay! I love my online checking account. Once you set it up, my bills are automatically paid on time every month. If I want to pay more, I just do a one time payment. It’s the “investment” property that a lot of banks shy away from. If you were to live there as your primary residence for 1 year, you wouldn’t have as many problems with the bank getting a mortgage.

@Ab John  I second what @Will Barnard said on the Experian Boost. We tried it a few months back as my wife was concerned about multiple hard credit inquiries from setting up the LLC and personal CC's, along with some new mortgages. It bumped us up 16 points in a very short period of time.