All Forum Posts by: Simon W.

Hi everyone. I am finally posting a topic here.

I am looking for seller-financing properties to acquire. It can be in any State, but please no war-zone areas.

You can email me the details.

Thank you!

Simon

Is this still available?

@Neda Navidnia - To collect money on behalf of the client you must be a broker.

In your case, are you working under a Broker that is doing the collecting?

If the Broker you are working for isn't collecting rent for ABC Realty, then you aren't allowed to collect for ABC Realty. 

Hope that make sense.

The logo is cut off.  I strongly suggest getting a domain name instead of using sub-domains from a free website. It doesn't scream "Professional," but that is just me.

How are you planning to get your name out with this website? Do you really want to put this on your business card

Website: http://webuyhousestampabay.weebly.com

I think the layout is very generic. Sorry to sound negative, but just want to show you my honest opinion.

welcome to BP

I think there is a misconception about accountants. Not all accountants are CPA. CPAs doesn't mean they know Real Estate Accounting. 

Feel free to ask questions in this community, we have different varieties of skills on this forum. 

Good luck with your venture!

Maintaining = asset management :)

Just making sure repairs are done when needed, be sure of any safety hazard, and the likes.

You and your partner should open up the firm, but do not collect rent until your partner have the license. That would be your best bet. Definitely consult with an attorney, different States have different laws. I think it is safe to say that most States are similar.

@Edwin Duran - I just wanted to know what's your status now. I am still writing up my business plan for my Property Management firm, but like everyone else said you need experience. 

My suggestion is to write up a business plan so this gives you a layout on what you are going to be doing and then slowly build a list of potential clients.

 Sorry to bring back an old thread, but you need to be a broker to be able to collect rent on behalf of the owner. 

Unless you are an employee (w-2) of the property owner then you can collect rent and manage it.

@Ross Schneider  - I am actually in the processing of starting my own Property Management firm. However, you do need to have a broker license in order to collect rent on behalf of your clients.

I am taking a different approach on this whole property mgmt because my whole accounting career was working in Property Management Firms as well as my partners.

It's a big different game when it comes to management. My firm's main focus will be Financial/Accounting side, but we will also have asset management and some of stuff.

Ross, do you have a broker license? If not, I think your option is to go for the Asset Management, which is maintaining the properties.

I agree with Roger, the chances of getting a loan with 0% down would be close to 0%. 

You need $ to make $. Almost anyone can ask a lender a loan and say the income producing property will be able to pay you back. 

Just like the Lottery says "Hey, You Never Know"

Good luck with your search.