All Forum Posts by: Brooke Sprowl

thanks, Corey. If I'm not a full time agent and only transacting on one or less properties per year, do you think a broker would be willing to work with me? how would i go about finding one? i'm concerned i get my license and then I don't have a broker and it's a waste of time...

Thank you guys for your insight! 

Is it realistic to be able to be able to find a broker to sponsor me if I'm only trying to transact on my own properties? Probably 1 property or less per year? Or do brokers only work with you if you're employed by them? 

Also is it realistic to be able to be able to find a broker to sponsor me if I'm only trying to transact on my own properties? probably 1 property or less per year?

I am not in real estate but I own my home. I have my own business which I love and is generating great income but I'd like to begin developing a portfolio of investment/rental properties and I'm considering getting my real estate license so that I can save the agent's fees. Would this be worth my while? Would I be able to transact independently (for my own deals? for other people?) or would I need to work under a broker? Would it only save $ when I'm selling a property or would it save money on the buying side too? I'm new to this so any insight would be helpful!

I am not in real estate but I own my home. I'd like to begin developing a portfolio of investment/rental properties and I'm considering getting my real estate license so that I can save the agent's fees. Would this be worth my while? Would I be able to transact independently (for my own deals? for other people?) or would I need to work under a broker? Would it only save $ when I'm selling a property or would it save money on the buying side too? I'm new to this so any insight would be helpful! 

@Chris M. I do report all my income to the IRS but as as business owner I have a ton of write offs so the portion of income they count toward my DTI is low. They say I can only count about 10K per month and my current mortgage including HOA, property taxes, and mortgage is about 5K so I have already maxed out what they will allow me to borrow.

As another general question how can I change my username so it doesn't show my first and last name? I'm not sure how I feel about having my first and last name tied to so much of my personal financial info on the internet... When I go to my profile there doesn't seem to be a way to modify my first/name and my username doesn't even show up...

Thanks for your perspective, Chris! Although I'm not entirely sure I follow. As a starter property I was thinking about finding a one bedroom in Los Angeles for under $400K. I just wanted to get my feet wet before jumping into buying a whole building. I think you're referring to buildings with 5+ units which do not consider DTI-- is that correct? If so, how can I qualify for these properties if I don't have experience in the past? What would give me a leg up against other investors as a novice? My credit is perfect so that shouldn't be an issue. Thanks for your time!

Hi Guys,

I just joined and would love to meet as well. Please let me know if you all will be meeting again. I'm in Santa Monica. 

Vanguard generally has the lowest fees in the industry, from what I understand Their solo 401K option is amazing-- I think it's $20 per year and once you reach a certain threshold it's free. They are far lower than other options I've looked into at the bigger/traditional banks