All Forum Posts by: Brandon Vukelich

@Mohammed Nasser you're probably a bright guy and will have no problem passing the exam.  You also won't have any problem finding a willing brokerage to allow you to hang your license. Just about any brokerage should be open to having you sign on as long as you agree to their terms and fees.  But don't get hung up on the fees/splits.  Being new, you will want to be surrounded by good leadership that provides some decent training and guidance.  There is much more to being a solid agent than just lead generation. 

It's tough to become extremely competent as a PT agent, IMO. If you intend to only do transactions as a side hustle to your W-2 career, PT is fine but not so great if you intend to serve clients looking to transact millions of dollars. Your local MLS should provide local market conditions but the best way to stay informed and grow in competence is to be active IN the business full time. Best wishes on your real estate journey!

Welcome to BP and congrats @Eric George for deciding to get into the business!  Not that you're seeking advice but two quick tips on being an agent and an investor.

Agent: Focus on having daily conversations about real estate. Not just a text or email, I mean an actual face-to-face or phone call conversation with anyone. More listening than talking on your behalf. Reach out to engage with people seeking info about real estate, neighborhoods, etc. Try to be an information resource.

Investor: Resist "analysis paralysis" at all cost. Don't wait for that unicorn deal that you hope will be a home run. Don't make reckless, hasty decisions but at some point you need to pull the trigger and get one under your belt. It may not be a home run in terms of cash flow or ROI but the education will be incredible and set you up for future deals.

Best wishes on your real estate journey!

Yes, I'm a seasoned agent that works a lot with newer investors or those with a property or two looking to scale up.  The hardest part is getting them to be patient in a challenging market with low inventory and high prices that don't align well with financing.  Everyone wants that stellar off market deal offering super rare seller financing terms.  Don't we all?  I tell them to get in line. :)

The hardest part of working with out of state investors is trying to navigate their schedules that usually prevents them from inspecting/touring properties promptly.  Especially in a hot market when properties get under contract very quickly.  Also making an offer and telling the listing agent/seller that the buyer hasn't even seen the property yet. 

Yes @James Brown! Particularly THIS quoted section of yours below....I also bolded/underlined some nuggets to highlight for investors.

"How can an investor differentiate themselves to attract agents to want to work with them?

To attract top real estate agents, an investor should focus on demonstrating preparedness, and financial readiness. This includes having a clear investment strategy, knowing the type of properties they want, and having finances in order, such as proof of funds or pre-approval for financing.

Agents are more inclined to work with investors who are serious, informed, and ready to act quickly. In addition, investors should show a commitment to building long-term relationships rather than seeking one-off deals. This approach signals future business opportunities and stability for agents.

Being flexible and open-minded to agents' suggestions, including considering properties or strategies outside their immediate criteria, can lead to more opportunities. Offering referrals and testimonials after successful transactions can further incentivize agents, demonstrating appreciation for their hard work and aiding in their business growth.

Lastly, respecting the agent’s expertise and treating them as equal partners can solidify a productive and enduring professional relationship, making the investor a preferred client for top real estate agents."

Here are some attorney offices to reach out to:

https://demcolaw.com/attorneys/ - Greg Fullington

https://www.tuell-young.com/#real-estate - Pam Ford (works for Todd Tuell)

I have never done or intend to do a SubTo deal.  Just sharing attorneys I've worked with for other real estate related items.

My parents have been snowbirds in Wickenburg for quite awhile now.  My stepdad is one of those team ropers you mentioned @Bruce Woodruff, now long retired. They can't believe how the little cowboy town has grown in the last 5-10 years. And you're right...those cowboys coming to town these days have A LOT of disposable income, apparently. I can see how a niche STR tailored to them would do quite well for 6-9 months out of the year. Not sure about summer months.

Just a quick correction, Measure 1 is tied to Tacoma only, not entirely Pierce County. 

Yes, Seattle and Tacoma both suck with their overly protective tenants' rights but investors continue to acquire here due to strong jobs and historically strong rent & appreciation growth. I strongly encourage investors to hire a PM. Too many legal and costly liabilities if you are a part time landlord trying to stay up on local changes. Cash flow in the Puget Sound stinks from year 1 but almost every investor I know does not plan to hold for only a year. Thankfully we all don't want the exact same thing, it's already competitive in every market/asset type...well, except office space right now. Cheers!

I'm not a 30+ deal/yr broker but I've been happy with LionDesk for years.  It's more robust than I ever need and has always remained very affordable.  I have email and text campaigns.  It allows for videos and tracks open rates.  The app is "so-so" but I honestly don't use it much.  My admin maintains my CRM for me.  I am considering to scale up to RealNex CRM in the next year or so.  

Hey Justin, I'd be up for a chat with you.  I'll send you a DM.

Hi Ricky, are you looking for more info on what's involved in the day-to-day life, how to lead gen, how to manage a transaction...all of the above?  There's a ton of content on how to lead gen, that's the main topic out there but there is much, much more to being a real estate agent than that.  I'm happy to connect and help answer any questions or give you further guidance on books, podcasts, websites, etc.

Also, I'm launching a book soon about being a professional and competent real estate agent.  There are many that need guidance beyond lead gen and sales.  Happy to give you a copy when it's ready in a month or so. Send me a DM.