All Forum Posts by: Tommy Lancaster

@Jose Lopez I totally agree with @Tim DeFor. You are not of legal age yet, for now Knowledge is your first investment, then seek out a mentor that you can offer them something in return. 

You Will Succeed. I suggest you buy this book "A Teenager's Guide to Achieving Early Financial independence"  FIRST TO A MILLION (by Dan Sheeks)  I purchased for my son. It's a GREAT Start ! 

@Tim DeFor

I totally agree with Jonathan Greene, even with software or systems, you would need to learn and do it yourself, to completely understand the processes involved. 

Hello Whitney,

You are on the right site to "learn" real estate investing. That's a term used by other sites defining a system for flipping houses using special software. I'm sure if you Google it, you would find information.

Your welcome to send me a PM to share more. 

With the practice and perseverance, all things are possible. 

Tommy

Thanks @Billy Mehlinger for the reply and the podcast show numbers. 

How much of the following statements is true if my main business is only in investing, (buying, selling, or holding property)?

I would always be an involved principal in the transactions.

(Either buyer, seller, lessor or lessee, optionor or opitionee )

You only need a license when you are selling a property for a commission and do not have an equitable interest in the property.

At the closing table, you want to be on the side where the buyers and

sellers sit; not on the side where the people doing the closing are.

Thanks again 

I have read "many" different takes of this subject. But I would like to hear from those who have been investing for a while, and know your opinion from a time/cost vs benefits. As well as needing to disclose to buyers/sellers that you are a licensed agent. 

I understand the take of having access to MLS listing, but I have a Broker friend who provides that already.

Thank you for sharing your take.

Tommy

I have read "many" different takes of this subject. But I would like to hear from those who have been investing for a while, and know your opinion from a time/cost vs benefits. As well as needing to disclose to buyers/sellers that you are a licensed agent. 

I understand the take of having access to MLS listing, but I have a Broker friend who provides that already.

Thank you for sharing your take.

Tommy