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All Forum Posts by: Andrew Sanchez

Andrew Sanchez has started 4 posts and replied 21 times.

Post: What to do While working towards R.E. License?

Andrew SanchezPosted
  • Real Estate Investor
  • Fontana, CA
  • Posts 36
  • Votes 0

Very interesting, i'm a bit confused though. Need a little clarification, heres what i think: You're advertising fsbos to find buyers/potential leads, and you send them over to your broker/friend so they could sell to them. Am i anywhere near right? lol

Anyways yeah i might try that, i'm taking my classes right now, trying to see if theres anything to do pre-licensing.

What i am thinking of and suggesting also is interning for a brokerage, getting a head start on some experience. The more experience the more money you'll start making faster :D.

Cheers

Post: Pros and Cons of Being a RE Agent?

Andrew SanchezPosted
  • Real Estate Investor
  • Fontana, CA
  • Posts 36
  • Votes 0

Oh ****! so much value.. that should be an article. that was epic. thanks!

Post: Pros and Cons of Being a RE Agent?

Andrew SanchezPosted
  • Real Estate Investor
  • Fontana, CA
  • Posts 36
  • Votes 0

thanks mate, yeah i tried checking out some real estate groups around my area, but they all seem like all they want to do is market me. I've heard about nuevo riche, and i think one of the clubs here are them. I agree about REALTORS most likely not having an investor mindset. Ive been studying this for several months now, and im trying to get out of analysis paralysis. Thanks a lot for you input and your view.

Post: Pros and Cons of Being a RE Agent?

Andrew SanchezPosted
  • Real Estate Investor
  • Fontana, CA
  • Posts 36
  • Votes 0

I am very unsure of what to do in RE and I've got some questions and just want to see some real examples: 1.) If you're an agent how hard is it to disclose everything? 2.) If you're an agent how easy is it to get information on getting properties? 3.) If you have knowledge in investing, do you sell more to investors than future homeowners? 4.) What properties did you acquire due to being an agent? and how? 5.) I know these are a lot of questions but help a newbie out? thx so much!

Post: RE Agent for investors

Andrew SanchezPosted
  • Real Estate Investor
  • Fontana, CA
  • Posts 36
  • Votes 0

Thanks guys i'm finishing up some real estate classes in my community college and one thing about being an agent has a higher standards of disclosure, which is what you guys said. I am now thinking about just being an investor. Thank you all for your input.

Post: RE Agent for investors

Andrew SanchezPosted
  • Real Estate Investor
  • Fontana, CA
  • Posts 36
  • Votes 0

Hey, recently i've been trying to decide whether i should be an agent or an investor. Im taking classes required for the license right now and also for the knowledge of being an investor. If i become an agent, i will save money from commisions and invest.

1.) What i want to know is if you as an investor would like to have an agent who specializes in finding investments for you.

The teacher suggested i should find a niche, eg) seniors, sfr, condos etc., and im deciding specialising in investments for sfr, condos, etc. What do you guys think?

2.) What would you guys expect from me if this were a good idea?

3.)Also what are the drawbacks for being an agent+investor?

Thanks

Post: What's the best way to take a deposit on a wholesale deal?

Andrew SanchezPosted
  • Real Estate Investor
  • Fontana, CA
  • Posts 36
  • Votes 0

Ok i see, so 1k deposit, 5k assignment fee, he pays 4k more at escrow or from the title company.

Thanks!

Post: What's the best way to take a deposit on a wholesale deal?

Andrew SanchezPosted
  • Real Estate Investor
  • Fontana, CA
  • Posts 36
  • Votes 0

stupid questions, but is the deposit money the same as earnest money in this thread?

And also would the deposit be stated in the assignment contract or in a seperate one?

Post: newbie question

Andrew SanchezPosted
  • Real Estate Investor
  • Fontana, CA
  • Posts 36
  • Votes 0
Originally posted by Jon Holdman:
Also, there's a pretty good article on Wikipedia.


thank you

Post: newbie question

Andrew SanchezPosted
  • Real Estate Investor
  • Fontana, CA
  • Posts 36
  • Votes 0

Hey all, whats a good way to learn about lending? Is there an e-book or website that has information on it? I hardly have any clue to how lending works :cry: