All Forum Posts by: Brittani Purman

Caleb, you are absolutely right. Bay City is full of opportunity for those who are savvy enough to navigate it. Though I have to ask where you are finding 4.5% interest rates on investments?

Quote from @Angela Vo:

Quote from @Jonathan Greene:

You can't wholesale because you are licensed as an agent. The two are often in conflict as you can not take payment for a real estate transaction outside of the brokerage when you are licensed. eXp does not allow it, but plenty of agents have their own off-market LLC and have a separate business. All brokerages are anti-wholesaling because you are making real estate commissions and not cutting them in. If you do off-market and don't wholesale and then get the flip listings, you can do it. There are strategies to direct give your off-market leads and then list at a higher percentage to compensate for that on your side, paying out the buyer side the same. I wouldn't think it's eXp being restrictive, almost all brokerages will say you can come there and then will say the same thing when they see on social media you just made 50k off-market and they made nothing.

First, thank you, that is very helpful. Now I wonder if it boils down to simply negotiating with the broker. Would they have an issue if I was cutting them in? Also, where can I find information or learn more about the off-market LLC separate business idea you're referring to? That sounds like golden advice. I seriously appreciate it!

Hi Angela, I just sent you the MI Broker wholesaling requirements in workplace. The requirements circle around liability. As a Realtor who engages in wholesaling, you are opening yourself and your broker up to increased liability. The MI Brokers have found a way to share this risk with the agent and allow licensed Realtors to wholesale while hanging their license at eXp Realty. I strongly encourage you to consider this as an option and present it to your state brokers.

Quote from @Angela Vo:

Quote from @Brittani Purman:

Quote from @Angela Vo:

I am a Realtor in Las Vegas, NV but I want to whole sale. My brokerage (eXp Realty) doesn't allow its agents to whole sale. I am looking for a broker that will allow me to wholesale.  Does anyone know wholesale-friendly brokers in Las Vegas, NV? Thank you!

I am an eXp Realtor in Michigan and my state broker allows it, with some added requirements. Have you asked your state broker about it? Maybe they can speak with the Michigan brokers and find a way?

Thanks for the response! Yes I have. Me and a few other agents have been trying to find a way but no luck so far. I will go on workplace and see if I can get in touch with a Michigan broker. Thank you!

You're welcome! Good luck and let me know if you need any help.

Quote from @Angela Vo:

I am a Realtor in Las Vegas, NV but I want to whole sale. My brokerage (eXp Realty) doesn't allow its agents to whole sale. I am looking for a broker that will allow me to wholesale.  Does anyone know wholesale-friendly brokers in Las Vegas, NV? Thank you!

I am an eXp Realtor in Michigan and my state broker allows it, with some added requirements. Have you asked your state broker about it? Maybe they can speak with the Michigan brokers and find a way?

Quote from @Janell E.:

I have 8 units between Bay City and Saginaw Township (2 of them I bought from a poster on this thread actually). I have found the area to be a very nice starting point for investing with the low cost of entry and relatively high rent for the cost, especially over the past couple years. I manage them all myself so far. I'm now looking to sell 3 of the single family houses so that I can invest in more multi-family. If anyone is interested in some turn key houses with nice cash flow, let me know.

I have a large network of investors that are always looking to buy in this area. Can you send me details?

Quote from @Jason Brown:

Hi folks,

I see some mention of Saginaw in this thread. Do any of you still invest in Saginaw? I'm looking at a property there that seems to be a good deal but would love to hear what you all think of the area. Thanks!

Hi Jason, the Saginaw market can be very profitable if you know what you are looking for. Saginaw, Bay City, and Midland are targeted by a lot of investors because of their low entry price. I live in Freeland which is less than 30 minutes from any of them and would love to have a conversation about your investment goals.

Thank you Drew! That seems to be the consensus and I have already located a couple of companies that are willing to side over it. It sounds like removing the peeling paint is likely to be a nightmare because it could contain asbestos fibers, so repainting is not looking like a viable option even though the asbestos siding is in good condition.

Quote from @Courtney T.:

@Tanya H.any luck in Bay City over the years? Just getting started there myself..

Bay City is a beautiful strange city. Many of the houses that are currently on the market are in rough shape, but if you know what you are looking for and can move fast, then you can find some decent deals. There has been a lot of growth and development and the city is feeling fresh and new. The local investor group that I am affiliated with all agree that there is one property manager that stands out above the rest. PM me if you want his contact info or have any additional questions!

Can anyone relay professional or personal knowledge about asbestos siding? The house is 100 years old and 1600 sq ft and has asbestos siding with peeling paint. How expensive is it to remove? Can it be covered with vinyl? Can it be power washed and repainted? What is the most budget friendly and safe way of handling this? Thank you all!

It sounds like your wakeup call was just as big as it needed to be. Kudos to you for not only finding your dream, but chasing it as well. I look forward to working with you and watching your journey evolve. Call or text me anytime, my number is on my profile. I am always up for coffee.