All Forum Posts by: Chris Bounds

Over time more states will start requiring a license "wholesale". 

When you boil it down, most wholesalers are engaging in brokerage. They operate purely with the intent to assign their interest in the contract to another buyer AND do not disclose that to the seller. 

Many wholesalers do not have the means (or desire) to close on the properties they are contracting. That in itself can be a legal issue in many states. 

Wholesaling is not bad (IMO). It's the shady individuals and operations behind the strategy that causes harm to the public and will prompt regulators to address the issue.

Best depends on what your business is focused on. 

There seems to be a dozen or so top recommended CRMs. I use Zoho CRM for my investing business since it's industry leading, completely customizable, and under constant development to stay ahead of the feature trends.

For my agent business, kvCORE is an all-in-one CRM & Lead Generation platform provided for free by my brokerage. It's available on the open market, but like other things of high quality it comes with a price.

I don't personally, but from Facebook threads on the topic agents fall into two polar categories:

• Zillow is the Devil and should be avoided at all costs
• Yes, test it in your market to see how it preforms

I'd suggest the latter

In Texas, before an agent can represent you a buyers rep agreement needs to be signed. 

Congrats! Soak up the training and put it to action. While doing that, be different too. 

Determine if you really want to be a Realtor. Average income and success statistics for agents are not impressive.

Most agents don't realize they are starting a business where they are the CEO and employee. 

A successful business requires planning, strategy, and sales & marketing. 

That being said, if you treat it like a business, learn your market & avatar client, know and constantly improve your value proposition / competitive advantage - you'll soar past the competition. 

Agent & investor here. 

Income and success statistics for real estate agent's is not overly impressive. 

Most agents do not realize they are starting a business. They are the CEO and employee of their business. 

Planning, strategy, and sales & marketing are a few vital tasks that every business needs to succeed. 

Rockstar agents know (and constantly improve) their value proposition / competitive advantage, know their target market, and know their avatar client. Average agents do the same thing that the thousands of other average agents do and achieve the same average or below average results. 

Finding a mentor early on to accelerate the learning curve is important. The best brokerages will require you to partner with a mentor to help you through the first few transactions. 

Let me know if I can help out in any way. Our brokerage operates in OH. My team educates agents how to invest and build better businesses. 

I self-manage some, but new rentals I let @Jerry Ta w/ PropertyCare manage.

Amazing story - thanks for sharing @William Allen. It's stories that this that are so important to hear when you're on the rollercoaster entrepreneur journey. Everyone's will be different. Never quit when you're 2 feet from gold!

I went to FHL in 2018. It was my first FHL and simply put - it was amazing! I typically expect events like this to be high motivation, low substance events. Not FHL! I wish it was around when I got started in REI over 10 years ago. My wife and I will be back in 2019.