All Forum Posts by: Andre Cano

I've had some luck calling rental listings on Craigslist. I ask if there looking to sell or if know someone looking to sell. I then offer a finders fee if they know someone. If you're buy and hold, this also allows to build a database of current market rents and amenities offered at those rates.

Hey Andre!  Having a real estate license is useful in this business as you will have the knowledge that other investors may not have, and as I they say, "knowledge is power".  After getting your real estate license you can try to get your broker's license and open all sorts of doors for yourself.  

All of our agents are investors...

The hot points are:

• The education in the field is priceless
• The tools they have access to provide a huge advantage
• The market view provides pricing/offer info and comps almost automatically
• They get paid a percentage of the sale to buy something for themselves
• They also get paid a percentage of the sale to sell their own house
  • They list their home for sale on MLS
  • They use all the Realtor marketing tools to sell their own house.

ABSOLUTELY worth it!!!

Whether it's enough to get your foot in the door, I don't know. However, the classes that you take to become a real estate licensee will give you good introductory educational exposure. If time is not an issue, I would definitely pursue it, especially with how inexpensive the classes can be. For example, the courses run $400 in Phoenix, AZ. In addition, with the license, depending on which broker you use, you can collect half the brokers agent commission every time you buy or sell your own property. That's 3% of the purchase price in savings for each transaction (not including brokers share). There are other intangibles such as having MLS access if you join a board and viewing properties on your own time at your own pace without needing another agent.

@Andre Cano  has to be all sorts of deals in Salinas and Salinas valley down to Paso

that's all the farther you need to go.

17 mile drive is probably not a great place for those that are new to the business

Welcome @Andre Cano!  You might consider using the Blue Ocean strategy:  basically, go where your competition is not.  For instance, my wife and I have begun to invest in residential assisted living facilities here in Virginia Beach.  There is virtually no competition and much higher returns than a traditional buy and hold or a flip.  However, we still use the advantages of traditional residential acquisition strategies (i.e. yellow letters, seller financing, etc.).  I believe this is an example of what @Jacqueline Carringtonis speaking of.

@Andre Cano, in order to properly harm your wallet, move to Manhattan...

Hi Andre! Congratulations on the move.  There are a few different ways to finding the right investment properties.  Going outside of your area is one way to start.  You should try and checkout some real estate websites.  Do you have any that you use currently?