All Forum Posts by: Hunter Perkinson

I am still extremely new and have never invested, but have just been researching, educating myself, and brainstorming on the potential ways I can get started. I am leaning towards a fix and flip but am wondering, like many other first timers, how to purchase a property without any money. I dont have enough money saved to put as a down payment on a traditional bank loan and I dont own a property that I could use a HELOC on. HOWEVER, what I do have is land. Myself, as well as several other family members own this land through a Trust. I know that I would have to get their approval before taking out a line of credit on the land since they have rights to it as well. But, I wasn't even sure if banks would provide such a loan. Does anyone have any experience with lines of credit on land or any insight at all?

0 Votes

That does sound like a more straight to the source method of obtaining a job. I actually have plans to sit down and speak with a top agent out of my area soon, but Im not sure if anything will come of it. We'll see! I need to do some practice on self promotion.

0 Votes

Originally posted by @Jon Huber:

@Hunter Perkinson

Welcome to the community! Remember to be as active and engaging as you can. There is a wealth of information on BP, but only if you seek it out. Ask questions, read blogs, and the podcasts are golden. The best free education you can get!

I got my real estate license 10 years ago, at the age of 23. I was in the same boat with you, as I was still going to college part time. I became an assistant/buyers agent for a high powered realtor. She was the #1 realtor in the area and needed the extra staff. I was young and teachable... and wanted to learn. I worked hourly and received a commission cut only when one of MY buyers purchased. I did that for two years before selling on my own. It helped me learn the business from one of the best, and that was more valuable than the hourly rate. I hope this helps...

Good luck!

Thanks for sharing your story Jon. I'm going to start contacting some local real estate companies!

0 Votes

Awesome, thanks Brandon!

0 Votes

Dawn and Brett, thanks for your help!

1 Vote

I'm also not sure what this voting for posts thing is about. Anyone care to enlighten me?

0 Votes

Originally posted by @Dawn Brenengen:

@Hunter Perkinson It depends on how good of an independent learner you are. I happen to like classroom instruction because I am not a good self-teacher. I tend to get have ADHD when I'm in the comfort of my own home, and I do everything except my school work. However, if you are not like me, an online course can be a great option to fit your schedule. I know schools in my area teach some weekend only classes. Is that available in your area?

There are weekend courses, just none that are available over the holiday break from school. My only options are to wait until summer to take the course, take the course online now, or take it during school next semester. I'm not sure which route I want to go yet.

1 Vote

@Brett Synicky, Thanks for the advice. I will definitely get the practice exam book.

0 Votes

Originally posted by @Mike Oconnell:

Welcome Hunter! You will learn a great deal from this site so take your time and dig in!

I am a RE Broker and investor here in Fredericksburg and have been in your shoes. Feel free to get in touch with me to set up a time to stop by my office. I'd be happy to share my insights and opinions if you think it would help.

Good luck with everything!

Mike

Excellent! Thank you for reaching out Mike. I'm not sure when, but I will definitely be giving you a call.

0 Votes

@Brett Synicky,

Thank you for the link and your input!

I was wanting to take the course in person but am having time finding class times that fit my schedule. Do you think I should just take it online, or in person where I can have someone there to answer more in depth questions?

0 Votes

All Forum Posts by: Hunter Perkinson

Hunter Perkinson has started 7 posts and replied 42 times.

Post: Can I get a line of credit on land?

Post: Hello BP, I am as new to the Real Estate game as they get.

Post: Hello BP, I am as new to the Real Estate game as they get.

Post: Hello BP, I am as new to the Real Estate game as they get.

Post: Hello BP, I am as new to the Real Estate game as they get.

Post: Hello BP, I am as new to the Real Estate game as they get.

Post: Hello BP, I am as new to the Real Estate game as they get.

Post: Hello BP, I am as new to the Real Estate game as they get.

Post: Hello BP, I am as new to the Real Estate game as they get.

Post: Hello BP, I am as new to the Real Estate game as they get.