All Forum Posts by: Dany Namou

What's going on Sadek. I'm a local realtor in the area who's investor friendly. PM me if you want a second opinion on a deal or perhaps a custom search on the MLS.

I believe most firms are quite traditional in their application and interview process. Mine conducted an interview and then let me tour the office and meet some of the staff. 

Because there exists such a high turnover rate in this industry, most brokerages will probably be hiring around your area all the time.

I would suggest you sign with brokerage that has the most hand holding for new agents. Starting as  a new agent is quite a daunting task. There is so much stuff you need: marketing, cameras, business cards, knowledge on the different contracts involved, knowledge of the entire process, etc. 

A company that makes sure it's agents can hit the ground running (as long as they put in the work) is one that you want. 

 Trying doing a google search like top real estate firms in xxxx to find best firms. I am sure if that will provide real numbers, but it should put you in the right direction. If you ask your interviewer for these stats, they will more than likely give you the hard numbers. 

Hey man I hear Florida has the hardest exam. Nice job passing it on your first attempt. I just got mine here in Michigan. 

Looking at your post,  it looks likes like your determined and your focused.  I wish you the best of luck. 

In fact,  PM me. Maybe we could refer clients to one another. 

 Does a PLLC have any tax benefits that a sole proprietor does not? 

One thing you could do is put it on a credit card that offers 0 intro interest for a year and simply pay the minimum for a couple months. Then pay it off as you get deals flowing. Be advised, I recommend you have some backup plan in place in case Real Estate is not for you. You will still be liable for those costs. 

Let me know if you need some credit card suggestions. 

If the two brokerages Robert suggested don't work out, I don't see any problem in contacting brokers around you and asking them if they are willing to engage in such a relationship. Your basically easy commission for them and it seems that you will be fairly low maintenance in regards to training and mentoring costs. 

Just make sure you completely spell out your intentions before you sign anything. 

I think this is something many new agents overlook this, but what's your brokerage like? What kind of support do they provide, training, marketing tools, mentorship program, office and paperwork support, etc. 

A firm that provides extensive training will likely require a less favorable commission split, but it will create a great a inital base for you.  

Just something to consider. If ,however, you believe you got all the logistics and basics down to a T, and want a more hands off broker, more power to ya. :-)

Does Kaplan operate outside of Texas, in say Michigan? I need to enter training soon and I think I may be interested. 

I am a new 20 year old investor-in-training here in the Detroit Metro Area, so my knowledge base on the the United States housing market is quite limited, but I'd really like to get your take on this story. Now the Economist is not one to run click-bait titles with pointless stories, so I was quite concerned after reading these two peices in last week's issue: (The second link is the more nuanced write up)

Nightmare on Main Street

Comradely capitalism : How America accidentally nationalized its mortgage market

(if you are not a subscriber, just post the second link in an incognito tab to bypass the paywall. Also protip: your library typically has some online portal where you can read the Economist and other magazines for free)

One interesting quote:

This sounds like even the smallest downturn in the economy, which is somewhat suspected now that we have had consecutive growth for 6 years or so, could be disastrous for a lot of homeowners. Thoughts?

So what do you guys see here? Are you also concerned? Should I as a new investor sit out and just save as much as I can until this bubble pops?