All Forum Posts by: Dalyn Hazell

@Kedian West I think becoming an agent is a great investment in your real estate investing career. I don’t need to explain all the advantages and disadvantage is on here… It’s been explained thousands of times across the web. All I can say is that in my experience, it has been well worth the minimal study hours and ongoing fees.

What do you all think of patio homes? This particular one just has 2 sides. 

Is it a good idea to purchase one and rehab one side, but not own the other side? (since I don't own the other side)

I'd be utilizing the BRRRR strategy, and unsure how my efforts would impact the overall property value.

Thank you

@Kam Lau Deal Machine is focused on driving for dollars and sending automatic mailers...and Lead Propeller is a website builder for attracting leads that way. How are they the same thing?

@Cody Smith Yes, Cody. That makes perfect sense. A lot of the things you mentioned resonate with me, as that’s why I got my real estate license. You just want to make sure your broker is acceptable of the whole saling side. Many wholesalers are flocking to get their license now anyway with these new regulations coming down.

At any rate, having a real estate license will definitely speed up your acquisitions for the reasons you mentioned.

@Jordan Gleason No Problem. A conservative amount would be six months of expenses for each property. If you’re less concerned, you can take it down to three months or so.

@Jordan Gleason Hi Jordan! Using a HELOC to purchase rental property is a great way to creatively finance your purchase and "recycle" your equity.

However, it does come with the risk of being overleveraged and exposing your primary residence to an additional debtor.

However, if the prospective deal is a solid investment, you have adequate reserves, and you understand the risks involved, it can rapidly increase your portfolio. Nowadays interest rates on HELOCs are fairly low (nothing like a primary loan, though) so that makes it even sweeter.

Hope that helps, and good luck!

@Gilberto Silva Barreto Filho I’m sorry to hear that you lost your job. Becoming a real estate agent is a great way to earn additional income, and then make it your full-time gig. However, it’s not a good short term solution, as it takes most agents 3-12 months to get a flow of leads that pays them a commission on a regular basis.

I would keep driving for Lyft as you work on your real estate license. It’s not cheap to get your license either, about $1500 per year in my state.

Getting a real estate license also sets you up great if you want to invest long-term. Let me know if you have any other questions!

@Rob Shah Actually, you need to do lead generation first in order to get listings. A "listing" is where you represent a home seller in an effort to sell their home to a suitable buyer. 

Sometimes, the brokerage you're with feeds you leads. However, that should not be depended on, and you should be proficient at marketing yourself.

Don't worry, you'll get used to the terminology in no time. 

@Alex Martens Hi Alex! For that, you could contact a local investor friendly real estate agent to walk through the property. They can take pictures or video of the properties so it’s almost like you are there yourself. However, when it comes to assessing big ticket repair items, I’d get a second opinion from a general contractor. Generally, a rockstar agent in that area would know a good contractor who could also do this for you.

To find said team members, I would look to BiggerPockets. Just search “agent” or “flipper/rehabber” in the city you’re looking to invest in.



Good luck in building your local team!

@Rob Shah Congratulations! Looks like I am just a few miles away in your neighboring state of Missouri. 

The biggest tip I have for you is to focus on lead generation first and foremost. Make sure your brokerage has TONS of training in this subject. Some of the best lead sources are bigger pockets, referral groups, and social media. Without leads, you’ll never survive as a agent.

Like @Paul De Luca said, eXp Realty is always accepting part-time agents and there are no production requirements, desk fees, or stigma against part time agents. It’s completely cloud-based so you don’t have to worry about wasting time at a physical office.

Feel free to message me if you want to know more. I obviously recommend eXp Realty because I started out with them and don’t see myself going anywhere else.

Good luck!