All Forum Posts by: Deren Huang

Since this got bumped up, I'm curious to see how you have been going. Being a new investor is not easy, neither is being a brand new agent. Usually people have to focus on one or the other to be successful.

Congrats and Hello from a fellow okie!

I personally would not have a problem with that, but it's not my house! I would just mention it to the seller and see if they have a problem.

A tip that I have had luck with is actually "calculating" the deal in front of the seller.. people forget that realtor fees and closing cost are there, if you have a legit bid that always helps. 

@Ugwu Uche

Congrats! Treating it like a business is a good mindset to have when starting as a realtor.

I would get a base of knowledge of the contracts, take a packet home and actually read through the whole thing... know it front to back and upside down.

After that, I would start getting a COI together, when I first started I did not do that, and I could only wonder how much business I would've done if I had.

Highest and Best time -> Getting in front of Motivated Sellers and Buyers.

Cap rate = Net Operating Income (NOI) /Property Price

The NOI = Income - Expenses

@Brandon Snyder

A little late to the party but right now you have all the time in the world to devote to PROSPECTING.

I would choose 3 ways to gain leads and commit to do them for at least 6 months.

Choose ones that fit your personality and of course don't filter them based on fear ( you will learn a ton by doing)

In the mean time take some CE classes that cover contracts so that you know them.

Just from a business aspect, I would encourage the part time agent to pick up some listings (easier said than done of course) that would really boost GCI.

I would look into REIT's or crowdfunding sources if they have money.

If they just want to get some experience, contact a local investor, set up showings and ask them a ton of questions. (how much would this cost? How can you tell there's electric problem or structural problems? All in how much would you want to be? Flip or rental?)

My license was posted online before it was mailed back by the commission, It took me 2.5 weeks for them to update it online.

@Sean Campbell

Welcome to BP! This place is an awesome resource to everything real estate.

Hey @Brandon Shreffler

I am located in South Tulsa, welcome to BP!