All Forum Posts by: Grant Cherrington

Glad to know you found this helpful.

FYI...once you have your license and are considering a real estate company to "hang" it with, I suggest looking closely at Keller Williams. In my opinion, they are light years ahead of the others when it comes to training and coaching. They also have an incredible contact management and marketing system. I love their global perspective which, as an investor, I find incredibly exciting. The team leader has also been very supportive of my investing aspirations. Don't take my word for it, just check them out for yourself. Happy investing!!

Thanks for the feedback Joel! Yes indeed, it would be an "up-hill" struggle. Just trying to consider innovative strategies and learn something in the process...and I did! Thanks again.

Hey Ryan,

Great question and one I've just dealt with. I'm also employed full time and was getting completely frustrated trying to get realtors to work around my schedule and I was working with four of them. I finally decided to get my license so that I can work at my own schedule and pace. I've had it now for about 2 months and feel like it was well worth the time, money and effort. Having access to the MLS has been HUGE! I run comps, get access to properties, and submit offers at my convenience. As I build my real estate business, I plan to build a team around me that will begin to assume more of this responsibility, but for now, it's me. Not to mention the 3% (+/-) we leave on the table. I say "Go For It!" Hope this helps...

I have an investor who is liquidating several properties and based on the preliminary information I've received it seems he's asking retail for the properties. If I determine that he owns the properties free and clear I was considering the following strategy: He takes out a loan (probably 80% LTV) and I would take the property over "subject to" and pay his loan payment. He would carry a second for 60 months at 0% and no payment. I would have a balloon payment for the balance in 5 years. He would ultimately get retail and would not incur capital gains since it is a loan (at least that's my thinking). I could then market the property as lease option with a down payment of 10%, finance at 9% amortized for 30 years with a balloon payment in 3 years. I would appreciate any constructive feedback on this concept. Thank you.