All Forum Posts by: Brennan Boyd

Hey Ben,

I'd also be happy to help you out. Just give me a shout! I'm local to Woodstock/Canton.

Hello BP community, I just wanted to get an idea of what a good deal looks like when paying cash for a residential rental property? 

I understand the numbers behind a good property when financing it, but I wanted to see what other investors would expect to see from a rental purchased with cash?

For example, if you paid cash for a house at $100,000 and it rented for $1,000 a month, would this be a good deal to you? If not, what price would make this a good deal?

Hello BP community,

I have done some internet searching for REI groups near Atlanta and have skimmed over a few. Does anyone have any suggestions/know of any sold REI groups in the north metro area? I've also been trying to reach out to individual investors as well!

Thanks guys!

@Jeff B. I agree. I love BP! The only reason I would like a mentor is for someone to provide me with local experience and to watch them through every step of a deal. I'm young and have a lot to learn. I guess I just want as much advice as I can find!

Does anyone have any tips for finding a mentor? I am still a year or two from purchasing my first REI property; but I just wanted to reach out to the BP community to see if anyone had success finding an investor that they didn't know personally beforehand. I've heard in order to find a mentor, it's always best that I offer something in return to the mentor (working for free, bird dogging, etc.) Thanks for your feedback in advance!

@Chris Soignier Thank you so much for your reply. That answered my question. I definitely would not risk getting myself and my broker in jeopardy because I did not disclose my license status. Somewhat of a side note: do you think it gives you an edge as an investor to also be a realtor? Or vice-versa, do you feel that it gives you an edge being a realtor who also invests in RE?

Thanks guys! That kind of clears it up. I don't think I worded it correctly though.

What I was trying to say and did so very poorly, was this:

While in my day-to-day duties as an agent, I come across a property which I think is a good deal. I put this deal under contract, not acting in my capacity as the seller/buyers agent, and I wholesale it. All without earning commission, just a wholesaling profit. 

I guess if I was going to ask one question it would be: Can I be a licensed real estate agent, and in my free time and personal investments; wholesale properties without earning a buyer/seller's commission?

Hey everyone, 

Forgive me if this question doesn't make sense. I'm still very new to everything real estate. I am currently finishing up my real estate license procedure so I will be a licensed agent within the next two months. Like I said, I still am new to everything real estate whether that be agency or investments. 

My question is this: Can you be a real estate agent but also wholesale deals to investors as well? From what I can tell, I, as an agent will be similar to an investor's "bird dog" when it comes to finding deals. Say that during my work as an agent, I come across a few deals that I feel would be easy wholesaling properties. I find these deals, put them under contract, and then assign them to an investor for a wholesaling profit. 

Is this scenario profitable? Frowned upon? Encouraged?

Like I said, I'm still feeling my way in to this wonderful world of real estate so I won't be making any deals within the next 6 months or so. Thanks in advance BP community!

@Christian Harris @Ben Richards @Tim Leyden @Ernie Mathes @MARK WOHLERS @Eli Rose @Julie Kern

I would be happy to meet at Copper Coin this Monday 1/25 or we could wait and make sure everyone has time to clear their schedules and meet on the following Monday 2/1. I am excited about the meetup at Truck & Tap with everyone on 2/22 but wouldn't mind meeting everyone beforehand as well!

I will definitely be there. I live at Woodstock West so that'll be perfect! Thank you for organizing this Eli!