All Forum Posts by: Eric Z.

Which state are you in? I used allied school for my study. It was cheapest that I can find. Gave me enough info that I passed the exam.

Most community college offers re classes. DRE maintains a list of colleges that they recognize. I will find the link for you tomorrow.

Tarl Yarber , I went through the same thing on one of the purchases. The seller was waiting on a better offer and not responding to ours. After I found out that, I up our offer by 10k and demanded a take it or leave it by the end of the day. They took the offer. Sometimes, you just need to sweeten the deal a little bit, and adds a bit pressure. Sort of carrot and stick approach. And usually works.

Awesome post Karl Krentzel love it! 200 out of 500 is a crazy response rate, are they all wanting off the list? Or at least some interested in selling(at market price), if that's the case, why not get licensed and help them? Or just refer to a licensed agent.

I always think Cash Only is a misnomer. The sellers gets cash when house sold, regardless whether it's buyer or bank's money. What the Cash Only offers really asking is 'contact not contingent on financing'. @Matthew Schroeder is right on. This is commonly used when the seller doesn't think the property will be appraised at asking price.

PMed you. 

Originally posted by @Elizabeth Colegrove:

I use to work for a company in VA and they were able to enforce their leases. If you are worried you can either non-renew and put a new tenant in their or do a one year lease with 2 months break lease fee. This way you are covered.

 A 2 month break lease fee seems to be the way to go. I will ask the PM why she said non-enforceable. 

Thanks @phillip syrios, @Elizabeth Colegrove

Congrats  @Joshua Dorkin

10 years is a long time; specially in today's tech world, where most of the startups raises a seed round right after about 6 month of work, and an A round shortly after that. 

Not saying you guys not growing fast enough :), startup in the Bay Area likes to burn money for a faster talent and customer acquisition(the VCs don't have a patients to wait 10 years) but I'm glad that you guys didn't take the same approach. 

Growing a solid user base takes time, grow business organically takes time. But guess what, just like everything else in life, once you have enough momentum, once you reach that critical tipping point, you are going to see the hockey style growth.  And looks like BP is already in that growing phase!

Really looking forward to what's next. Congrats, and thanks again for building such an awesome community. 

@Vi Lai

Welcome to BP, and congrats on the first step. 

Your story reminded me when I was working at a consulting company a few years ago. The company was awesome, the pay was awesome. I loved the people there. But it wasn't my passion and it was killing me. I remembered wondering around in the company parking lot, dreaming what it would be like to own my own business, be a real estate investor etc.

I did end up quit my job. It went pretty much the same as you described here. but I did buy a fixer-upper right before I quit, knowing that it'd be harder to get the bank to finance without a stable job. I took all my PTOs to remodel the house, and quit the job after that.

And then the financial crisis. :)

Fast forward a few years, I'm doing reasonable well, have a number of properties, and have my own consulting business. 

Average real estate agent earns every little. you will need to become a top producer to achieve your 100k goal. Here are a few of my suggestions

1. Focus on the listings - It's more rewarding on a personal level to help the buyers find the perfect home. But to scale the business up, you need to focus on the listings. It'd hard to scale the buyer side, because the buyer consumes the most precious resource you have - Time. 

2. Focus on leads - never stop the lead generation, remember you are no in real estate business, you are in the lead generation business which happens to be real estate related. 

3. Focus on building a system - there are 2 things a system can give you. a) it gives you consistent and persistent results. b) it frees you up because the system runs with or without you. 

Congrats again on your big step. I know it's huge. Let us know when you achieve your goal :)

I have an interesting situation here. 

The lease expires this month, and my PM recommends a month to month lease. PM said the tenant is not in good health, and may need to move to a care home any time now, if she moves to a care home due to poor health, the lease is not enforceable anyway. 

The last time I had month to month lease, the tenant moved out during Thanksgiving, and took me 5 month to rent the place, so I'd rather not to do a month to month lease, but the same time there is no point to sign the contract if I can't enforce it. 

What would you do if you were in this situation?