All Forum Posts by: Cody Barna

@Betsy Garrett Being that I was a competitive bodybuilder for many years I find this very interesting. Honestly I highly doubt these tenants will be lifting enough weight to damage your foundation, however I agree that there are a few simple solutions to prevent any potential issues. I have three recommendations that could help, first you could do as your trainer recommended and require the use of a deadlift platform, second option would be require them to install rubber gym flooring, these typically come as interlocking tiles which make them very easy to install/remove. The last option is requiring them to use rubber weights, these are the same style you will find in a lot of crossfit gyms. I hope this helps, best of luck with everything.

@Lauryn Meadows what an awesome deal! You can't beat that ROI, how does this deal stack up against others you've done?

That's a great question, I'm definitely interested to hear what someone with legal knowledge has to say.

@Xavier Hamblin no worries, same to you!

@Xavier Hamblin no worries! I recommend joining a team initially, this will help you learn the ropes and also give you more credibility when speaking with potential clients. Try to find an office that is going to provide you the most amount of resources that can help you build your business. Do some research on the agents that work in your area and find the brokerages that have a lot of top producers, you don't want to be in an office with agents who are lazy. As of recently many of the top agents are switching to EXP which is a cloud based brokerage, that's another option you could look into. The final thing I would suggest is creating structure in your day, for example if you get to the office at 8:30am...make calls from 9-12... shadow/ go on appointments from 1-4 etc. that way you're focusing on activities that will help you generate leads and future business.

@Xavier Hamblin That's great to hear, it sounds like you have a good plan. Honestly I wouldn't worry about purchasing a property just yet, focus on getting your license and learning the business. Two years from now you'll be in a great place financially and in your real estate agent business, at that point a lender will be happy to work with you. Most banks will want to see 30-60 days of pay stubs as a W2 employee or 2 years of tax returns if you're self employed as a 1099. It's possible you could qualify for a loan now with your current W2 income, however it probably wouldn't be much. In addition to that, you'll add a lot of extra financial stress being a brand new agent. The first 6 months to a year can be tough financially, so having a large amount of living expenses saved up can reduce the pressure of needing to sell a home to pay your bills. Hope this helps, good luck with your RE exam!

@John Dennis I do agree with Jon's response, it's definitely going to be unique based each individuals situation. Try to get a feel for the person and their current circumstances, if it's an elderly couple that clearly isn't tech savory then meeting face to face may be the best way to create a connection. Compared to the business owner in his 40s who Is extremely busy and would prefer to speak via phone or by email/online.

@Xavier Hamblin I would highly recommend starting with a house hack, considering you have a good credit score and a stable source of income. I wouldn't be to worried about your age as long as you can prove to the lender that you'll be a worthy borrower. One of the biggest benefits to purchasing a primary residence for your first property is the ability to use an FHA loan, which typically only requires 3.5% down. You may find it harder to secure hard money without a track record or any previous experience to show for. However it's definitely possible but you'll end up paying much higher fees and take on a lot more risk. What do you currently do for your main source of income?

@Kendrique Coats no worries!

@Omarh Torio no worries, good luck with everything!