All Forum Posts by: Brian Badolato

@Rick Albert

Thx Rick! Yeah we’ve discussed a lot. We are planning to do 50/50 when it comes to income/extra expenses.

We will discuss more about roles!

@Sergey A. Petrov

We already decided to move out in a year right after and put a tenant in

@Mason Hickman

Thanks Mason! Much love ❤️

Hey Everyone,

Me and my buddy are good friends and business partners. We are looking to both househack together we live in one side and rent out the other side, our plan is to split any equity or expenses 50/50 when it comes to that point. 🙌💰🏡

My question to you ALL and in your experience is what else subjects should we discuss? That way in the future we won’t get into any arguments when it comes to such matters while house hacking.

For Ex: “Talk about groceries, equity splits, etc….”

All insight is appreciated!😄

Hey Everyone this is the 2nd time I’m posting this, just love to hear everyone’s thoughts and opinions….

I found a strictly commission only job from this real estate group on Indeed. The reason why I was so attracted to it was because of the experience “Real Estate Acquisition Analyst” Is the job. I wasn’t in it for the money… at least not yet….

The job post description on indeed was to learn market comps and analyze deals etc… etc… like a real estate acquisition would.

I found out this “group” was smaller than I thought. It was made of TWO brothers and a property manager. Brother A does project management/prop management/ and a bit of acquisitions. Brother B is the most experienced and talks to lenders brokers etc…

The first month was FANTASTIC, a newbies dream! I got to shadow Brother A negotiate with sellers, wholesale a live deal, look at the red flags inside/outside a prop. And even meet great investors. I even got to meet this multi millionaire who owns 6 apartment complexes and now have his personal cell! The experience was phenomenal!!!

However now I’m 2 and a half months in, haven’t closed a deal yet….

Here’s where it sucked After that first month they basically put me off on my own making 6-8hrs of phone calls alone in my room and said “Call us if you have any questions”

I was really starting to rethink this job and my value of time…. The biggest problem is I see is that the brothers have a strict criteria they want 50-90k a unit in some markets in California. After taking to many brokers/realtors the past 2 months they’ve been saying to me “you won’t find those numbers here” and I relayed that to the brothers and they said “They always say that stuff, they just want the most commission the deals are out there keep searching!”

During my 2 months and a half with them I realized the two other people who were in training with me in the beginning when I joined either to have, A.) Went Silent or B.) Completely quit.

I find it tough especially when the brothers give me a bunch of leads and the average market unit per door is 200-300k maybe lowest 140k per door if your lucky. I’ve been getting slammed w No’s and sellers being offended by my offer, my output has drastically dropped and I went from calling 100 props a day to roughly 60-80 now. They would constantly tell me keep calling increase output “It’s a numbers game”

The motivation is hard especially when their criteria is a tough ask. I’ve gotten sellers to drop their prices MULTIPLE of times and one even dropped down 50k one time for this 4 plex at a good location. However the brothers still said we need it between that 50-90 per unit range.

They would send me Instagram reels and videos here and there on objections and scripts for tips and motivation. If I could describe this job it’s more of being a “wholesaler” rather than an “Real Estate Acquisition Analyst”

Their Commissions:

- 2 units $2,500

- 4 units $5,000

- 4 units of more (+) $7,500

I talked to some people and Realtors and they told me to quit that job. The only thing keeping me back right now is not closing a deal, I just want to be able to know that experience first hand with a seller and shake their hand,then quit. But not sure how much longer before my head bursts….

Let me know what you guys would do 🙏🙏🙏

@Matthew Irish-Jones

Would you suggest trying a prop management company out? I see plenty hiring everywhere but you think I’ll gain much more experience and learn the ins and out from it?

@Caleb Brown

You know what…. Brother A said don’t get my license because if they know I’m a realtor they won’t sell their prop for a discount.

Thx everyone for the input you guys are further down the line than me. It’s quite funny because Reddit has a different outlook lol.

I’d appreciate any tips and suggestions I’m open! Thanks! 🙏

Hey everyone I’ll try to make it short. I’m 20 y/o and my ultimate goal was to primarily learn about real estate. I saw this job app on Indeed “Real Estate Acquisitions” I applied and got hired. 1 week in I realized it’s a small asset management group. 2 wealthy brothers tryna grow their port with 80 units in town and a property manager. Brother A, is the real estate head Acquisitions he meets w sellers lowballs them and also does prop management. Brother B,is the most experienced he’s CEO he’s but now just the numbers guy and talks w mortgage brokers, lenders and brokers etc…

First months was fukin great it was like a newbies dream to enter the real estate. Brother A, took me around properties showed me in person red flags in properties, the construction problems etc... I even saw real estate transactions live in person when he was speaking to sellers directly. I also met this multimillionaire who owns 6 apartments when we wholesaled a this one deal to him. So the experience was awesome.

However once THAT first month was over… the reality set in. I soon realized this job position was to be on the phone for 6-8 hrs a day straight up cold calling. Now I’m two months in I haven’t had my first deal yet this is all commission base. I’m still going…..

To reclarify, The job in a nut shell is to cold call (6-8hrs) get properties under a STRICT ball park range 50-90k a unit in California, then get out to the property and put it under contract. Rinse and repeat cold call again etc…

Both Brothers are encouraging me to keep continuing and tell me these are the “walls” you’ll face. Brother A has been getting deals once a month, that first month I used recycled leads. Now I’m they put me in a market where 50-90k a unit is almost impossible. (I cold called realtors and brokers they said 200-300k in this new market I’m in) and the Brothers rebuttal “they always say that”

This job pay is. Close a 2 units $2,500, close 6 unit and below $5,000. Close 6 units and above $7,500.

I’m having second thoughts about this job and found that I should value my time than cold calling 6-8hrs… It kinda sucks rn, I love real estate and wealth generation but my plan now is to get one property learn the process of acquiring then quit. I’ve been looking into selling life insurance I heard that could be good and has a wayyy better work life balance, I also have a business that helps people and I think life insurance could possibly fit me more than lowballing and offending sellers idk lmk….

The only reason why I’m staying is really gain the experience of that 1st real estate transaction w a seller in person. Then leave…

Let me know what I should do or what you guys would do🙂🙏

@Alicia Marks foundation issues