All Forum Posts by: Aneal Khimani

Thanks for the reply.  I've already officially hung my license with a broker at this point (per @Marshall Leipprandt's advice).  I am currently representing myself in my current search :)  I was able to get my Broker on a zoom call to help me through filling out my first offer (which wasn't accepted of course).

As far as budget for a primary residence goes, we cut off our search top-end at 400k.  We're finding properties here and there, but the listing prices are high (as expected) and closing in just 6 or 7 days for nice properties (also as expected in this market).

As far as investing goes, I would like to buy and hold rentals (either BRRRR, or small multi-family). I do have some savings so I'll be using my own capital (at least until I can figure out how to use other people's capital :)

Cheers! 

Hello BP.  I recently passed my Real Estate Salesperson state exam and I have yet to choose a broker to 'hang' my license with.  The whole reason I even made the effort to take the course/test is so I could get comfortable with Real Estate transactions, and eventually transition to being an investor.

I currently rent my primary residence.  My landlord has decided to raise my rent by almost 3x, and has given me about 60 days to decide if I'm down with the rate hike or if I want to move on.  

I've been mulling the idea of buying a personal residence for some time now, and I have plenty of cash set aside for a down-payment, closing costs etc.  I've decided I'm NOT going to pay the higher rent and will purchase a primary residence soon.

Here's my question:

Should I go ahead and hang my license with a broker now?  I'll get the added advantage of having access to FMLS as an agent of the broker I've been chatting with.  Theoretically I'll save some money on commissions if I represent myself.  I've never done any Real Estate transactions or deals, so I will be completely green.  The broker I've been considering has assured me that he'll hold my hand as much as I need it while I get my bearings down.

Do any of you have advice?  My wife isn't too thrilled with the idea of a live-in rehab, so if we do buy a primary residence, it'll probably need to be pretty turnkey.  Also, considering the market prices and my pretty abbreviated time frame, am I doomed?

I'm all ears.  Thanks in advance...

Hello all,

I've just passed my Real Estate Salesperson exam in the state if Georgia. I don't really plan on actually BEING a real estate agent per se, I just went for the license for the access to MLS, the savings in commissions and the knowledge that taking the course brings.

At any rate, I can either choose to select a sponsoring brokerage now and get my active license, or I can get an inactive license without a sponsoring brokerage.

My question is, do any of you folks have any suggestions?  Like I said, I really only wanted the license to aid me in my investment efforts.  I mean, if a friend or family member asked me to help them buy or sell a home, of course I would help them in my capacity as an agent, but I'm not changing careers to be an agent either.  I'm quite comfortable with my software development 9 - 5 gig. 

Are there brokerages out there that allow this kind of agent relationship?

Anyone have any guidance?

I've decided to start a direct-mail marketing campaign aimed at tax-delinquent home owners in my local area (I live in Clayton County, GA).  I think there's a list on the county website, but I'd probably have to write some scripts to scrape the data (it's not in a user-friendly format) and jump through a lot of hoops to get it myself.  What are some other ways I could get that list?  Could I buy it from someone?  Could I go to the courthouse and ask someone there for a list?  

Any ideas?

Thanks in advance!

Hello all,

I'm curious about the websites/methods you all use to analyze a home market?  I've been reading a book and the author outlines several key metrics to study in order to know your market:

1. Market Inventory (How many houses are officially listed for sale, and how long would it take to sell these at current pace.  Basically is there a 6 month supply and is it a seller or buyer market)

2. Average days on market for listed houses in a zip code (area, neighborhood etc)

3. Media Sale Price (again, by zip, neighborhood, area etc.)

4. Foreclosure rate (# of foreclosures/# standing houses)

He suggested looking into a local Board of Realtors, but my cursory research has shown me that I have to be a Licensed Realtor to access that data.  Is there anywhere else I can see these numbers?  What do you all use to analyze a market?

Thanks,

Aneal K.

Hello again,

I plan on starting off with a couple of Wholesales.  Hopefully this will help me learn the lingo, and get my feet wet with the networking part of the game.  After a few Wholesales, I would like to fix and flip a couple properties.  I have a strange feeling that the market is going to take a down-turn in the not too distant future, so I'm going to avoid trying to buy and hold for cash-flow just yet.  

I plan on mostly working part-time in Real Estate since I am currently holding down a full-time job as a software developer.  I'll most likely target areas south of the Perimeter as I'm most familiar with that part of town.  

Thanks for reaching out!

Aneal K.

Hello all.  I'm a recent Bigger Pockets member.  I started listening to the Podcasts a couple weeks ago and I'm loving it so far.  I've always been interested in Real Estate investing (and investing in general).  I plan on getting my license in the next couple of months and really look forward to meeting you all.  I live just south of Atlanta, GA, have a lovely wife and I enjoy playing music (guitar, piano), exercise and trivia night at the local pub.

Feel free to reach out to me.  I'm sure I'll have lots of questions in the near future!