All Forum Posts by: Wale Lawal

Congratulations!

@Jeremy Staggers I will suggest you also contact TransAct Title - West Loop Location. 

I have used them to close 2 wholesale deals. The most important thing is to develop a long-lasting relationship with any great Wholesaler Friendly Title Company.

Goodluck

@Cienna Cantu what is your #1 goal? Wholesaling or Flipping??

I will suggest you keep it simple and focus on only one niche for your first 5 deals. 

Yes the Real Estate Market is currently hot in the most markets but there are still deals on MLS, you just have to know how to find them. Look for motivated sellers on MLS by partnering with an Investor-Agent.

Goodluck.

@Kori Kelly There is really nothing wrong with this situation. Just do your due diligence, get a rockstar investor-agent to represent you in the transaction because that will protect your interest. 

Once you close on the property discuss the property management agreement with the PM and use the same PM if you are convinced, If not look for another PM.

Goodluck and Congratulations for taking action.

@Elmer Bonilla Congratulations on your decision to jump in. Many don't get this far.

Yes, If were in your shoe, I will tap into the equity in my primary residence via HELOC.

Yes, Out of State Investing is a great option for you since you live in Seattle (An expensive Market).
BRRRR is a great strategy, just make sure you have your SOLID CORE FOUR in place
Read @David Greene Book on Long-Distance Real Estate Investing and that your get you started.

Look for an ON-FIRE Real Estate Agent and the rest will be a breeze.

You do need to narrow down your search to your 2 top markets and go ALL-IN.
I will strongly suggest you focus on 1 niche for your first 1 year if you want to gather the momentum you need.
Goodluck

@Bakary Bojang

I will look for brokerage culture, training, quality mentorship, better commission split and less CAP ($16,000 or less), The brokerage should also cover all the US 50 states at least (If International is even better) because you can make money from referrals if your brokerage have agents in the state or country.

I decided to join eXp Realty because is the Amazon of Real Estate.

Below are the benefits eXp offers ALL agents regardless of years in business:

1. 80% - 100% commission split.

2. Very low CAP at $16,000 (which can ALL be awarded back in eXp stock if ICON status is reached). After you Cap, you keep 100% of your commission.

3. $85 monthly fee only.

4. Agent Own Brokerage and ICON Agent Award.

5. Lead Gen - Free kvCORE account (which is the leading real estate CRM), Making it Rain, Opcity and Branding Tools.

6. Highly Discounted Health Insurance.

7. No Real Estate Royalty Tax

8. Revenue Sharing - Agent Attraction - Retire early with less stress and effort - This optional.

9. Free Stocks and 10% discount IF you purchase.

10. Publicly traded EXPI (May 1st eXp stock was at $8.84 / As of today 2.15.2021 is at $155.77). 

11. Debt Free and sustainable brokerage (Check SEC 10K).

12. Cloud-based, A lot of training, and Agent focused.

13. Best Technology in the industry (Amazon of Real Estate).

14. Investor/Entrepreneur Minded. Rental Cash-Flow Vs. Equity Passive Income.

15. iBuyer Option through Express Offers - Create Multiple Offers for your sellers.

16. Free Regus Office Space Membership.

17. Buy or Sell your personal properties for FREE (It's a $550 flat-fee after 3 transactions).

18. Access to a Network of 55,000+ agents across 12+ countries.

In addition to what eXp Realty offers, I also joined eXp Realty because of what my team offers:

1. Free Access To Flipping and Buy & Hold Courses/Mentorship and Strategies - Worth $25,000

2. Wealth Passage and Investor Army - 2 FREE private coaching group. 

3. Free YouTube Training and Setup to build your business. Over 100 Video Trainings.

4. Access to Free Weekly Private Mastermind Group that helps me grow my business.

5. Teach you how to build Risk-Free International Cash-Flow Business.

6. 🤩 Access to ALL of our team paid courses for FREE (Retail for thousands of dollars)

7. Access to the entire YouTube team (Editors & Designers)

Goodluck 

@Andrea Pagano Stop this limiting believe. Great Agents will hold your hands and guide you through your first buy and hold deal. I do this for ALL my new investors. Like @Bruce Lynn mentioned, Agents want someone that will close because they don't get paid until a transaction closed so make sure you have your finances in place before you start engaging Agents.

Bonus: Look for an ON-FIRE Agent.

O - Organize (The Investor-Agent must be well-organized)

N - Network (The Investor-Agent must be well network with other Real Estate professionals like Lenders, Appraisers, Property Managers, Inspectors, Insurance Agent, Contractors, etc)

F - Focus (The Investor-Agent MUST Focus on YOU)

I - Investor/Investment-Savvy (MUST be INVESTMENT SAVVY)

R - Responsive (Must Be responsive and answer your call/text)

E - Experience (Must be an investor or have experience working with investors)

Goodluck

@Alex Petrowski Welcome to the BP Family and you have come to the right place. 

Looks like you have been doing some research and connecting with the right folks.

I normally host the meet-up meeting in Houston/Spring once in a month where we connect and help each other grow for FREE.

You can find the next meeting here: https://www.biggerpockets.com/...
I live in Spring so we are close to each other. Let's connect.

Goodluck and Happy Investing!

 Great. Let's connect

@Luca Giani KvCore and Opcity are not the same thing. 

It allows you to create Listing Sign Riders, create squeeze pages, landing pages, and FB Marketplace Posts. 

You can also auto-post to social media. It also has the capacity to do some auto follow-up with your leads via some auto campaigns.

Goodluck