All Forum Posts by: Eric Dowling

@Justin Morris congrats on deciding to become an agent. I am with Keller Williams and am a big fan. They absolutely have some of the best training for new agents out there. I beleive each KW office is different in terms of desk fees, some have none, Others depends on the office space. 

A great incentive is the commission split. It is 70/30 until you reach the cap (typically 20k) then you get 100% of your commission. As you can see they have a lot of incentive getting new agents to cap.

Don't hesitate to reach out and ask any other questions about kw.

@Evan Copage good luck in your search, there are a lot of possibilities in the areas you are looking. Don't hesitate to reach out and connect!

@Evan Copage  welcome to BP! Lots of great people here to help you, especially once you become a landlord.

House hacking with and FHA loan is a great way to get started. Just be aware that it is hard to be creative when using it.na lot of the creative ways you were talking about require cash.

Also be aware that FHA requires the property to be "self sufficient". That means 75% of the total rent (including the owner occupied unit) must cover the mortgage. There is also the FHA 203k program for a place that needs to be rehabbed. Great for a value add opportunity.

@Steve Jones welcome to BP and so good to see experienced investors here to continue learning and sharing their experiences as well!

Daniel Moctezuma I use TheRedX for expired leand and mojo for the dialer. I find my own FSBO on Zillow and FSBO sites, but you can buy them from Redx as well. You will get a lot of wrong numbers and disconnected ones. I've heard Vulcan? Is better but very expensive. It is all a numbers game. Don't mls and white pages it. You will spend 2 hours and talk with 1 person who hangs up on you. Use a dialer and make you life easier and more productive.

@Robert Bonderer Yeah I hear ya! If you ever want to talk vacation rentals I always enjoy sharing my experiences.

You said a condo by the beach, where are you looking exactly?

@Sharaya Rutherford you are with Keller Williams, probably the best company for training. You should be in ignite or capers in training I think they call it now. This is great for new agents and after that you should take bold which is even more awesome.

You should also have a productivity coach helping you out. Do you not have these or are you not utilizing what is already offered to you?

You are doing very well having a listing already. Remember listings can be leveraged to get more listings and buyers so don't let that opportunity slip through your fingers.

I wouldn't spend a lot of money on coaches at this point because you have so many ways to grow your business right in front of you that you aren't using.

Robert Bonderer I'm not sure about airdna statistics, and I've never paid or seen them. I can see it being useful on a macro scale for the market as a whole. But this is a pretty niche industry. I think it gets data from Airbnb I would assume? Over half of my bookings come from HomeAway in Palm Springs and it is a different demographic and booking. And less shared rooms to maybe throw off those numbers. You need to look more specifically at the type and size and location of the property and see how your competition is doing. Average stay, average rate, etc. if most places are 1 bedrooms and rent for 11k annually, there may be a great niche market already for 4 bedroom properties that make 60k annually. Less supply means more demand means higher occupancy. Reaching out to you competition is actually a great idea and you should do it. People love to talk about their success, and you will definitely find people to talk to.

Ayse K. You can buy the property with a 30 year fixed mortgage no problem. Talk to your lender. It is an REO so you will not be responsible for any past liens on the property. Talk to your title company.

@Luke Texidor welcome and congrats on your success! There are a lot of great opportunities for development here. Love to see new people getting in and getting excited about developing.

You are way ahead of the curve already having one under your belt and it sounds like you're already a pro!