All Forum Posts by: Duane Smith

I agree with @Jared Viernes, you signing a exclusive buyers agreement changes the whole conversation.

I understand she may have that same agreement with other buyers, but if YOU presented the property, then you should get right-of-way.

She may be protecting her own end, because there's usually a 6mo period or so where she can get commission from a property shown to a buyer client even after the agreement ends. So maybe she just wants as many under her agreement as possible looking at it. 

I also like the points @Account Closed made as well. If you're one of her buyers without all those things in place, don't expect much preferential treatment. 

Wow @Josh Hooper & @Derek Caffe! You guys gave more info than I could have asked for. I appreciate you sharing that and I'll definitely take your guys advice strongly to heart.

Thanks again!

Hi All,

My name is Duane Smith, and I've recently had my application for my real estate salespersons license accepted by the state of Minnesota. I'm meeting with my broker to get my sign up fees paid (going with RE/Max) and I'm super excited to get into this wonderful business and stary my journey.

I want the agents on this site to use this discussion to detail a bit of how they began their career and how they wound up where they are. I'd like to answer certain questions, for example:

Who motivated you to become an agent?
Did you start with a small office and expanded out, or were you the small fish in a big pond?
What was your biggest mistake?
What your best investment in terms of building your practice?
What = was your marketing strategy when you started, and how has it evolved since you've grown?
and Of course, where do you see your business going in the future!?


I decided to jump in full-time and I'm going to rely soly on my commission income (a decision I'm very proud to make), and I would love to hear, from fellow entrepreneurs and 1099 lifers, some of the best aspects of your decision to get into this tough but rewarding field.

I want to thank you in advance for your responses!

I'm using Liondesk. $25.00/mo with a 30 day free trial. It's an awesome system and I'm impressed already. I'd recommend checking out their Youtube videos that display walkthroughs on how to use it.

I would say yes, but then @Nicole A. would start calling me names lol

I would definitely be interested in this group

Hey Eli,

Congrats on the new investment! That's pretty awesome news man.

What's the tenant situation right now? Is it possible to hire one the tenants to do some property maintenance? I heard of people who like to give discounts on rent for those services, and it's often a more affordable alternative than a full-time PM company!

Hope that's a useful idea!

Duane

lol What?!?! I just bought his book! 

Two of my favorite worlds are colliding! :)

@Nicole A.

Yep that is very true as well

This is not legal advice, but any lawyer in my state would tell you it's absolutely safer to LLC each individual property if you're not planning use a land trust. Which would entail opening separate accounts as well.

It limits the risk of suits when a tenant or contractor goes after damages. Truth is the more assets one party has in the suit, the more the opposing party will pursue. With separate entities are only pursing that one property vs what would be a large portfolio with much more exposure.

However, as mentioned above, this creates a significantly higher accounting standard.