All Forum Posts by: Cory Rogers

I believe a got that from Joe McCall. Wholesaling lease options in Phoenix

Sean,
I don't know for a fact, but my understanding is that if you disclose that you are in fact a real estate agent, but are not acting as a realtor at the time you are wholesaling then you should be ok. I am assuming it depends on your state as well. I would try asking a broker, DRE, or realtor association . Try a REIA, I'm sure there will be people there that can answer your question. P.s. I'm making final preparations myself to take the test for my license too, so I'll be in the same boat.

Sounds great, Kevin

Kevin, you are the type of person that I see myself as being, and already am without being in your position. If I were in San Diego, I would jump on any offer you made and do it for free. In fact, I would like to take a trip to San Diego in the near future. If you are available, I would like to buy you lunch. I know what you mean about trying to help people. I like the anology of helping someone to learn to fish. I may give them a fish or two, but if they continue to ask I will offer to teach them. 1st "read this." They never do read what I give them. I am not a full time investor, but my passion for investing is so great I share it like it is a religion- because I believe in the potential it offers. Thank you for the great advice.

Ron, I really enjoyed reading your post that I had to single you out and say, "wow". That is very powerful. I feel like I am 100% ready other than having all the finances to continuously market, oh and the time. I make as much time as possible with my busy schedule to learn and market. I am playing a big juggling act concentrating on many things right now- all of them working towards my future in investing. The time will come when I can meet someone that will offer to guide me.

Thank you to all of you for your great advice. There are many great mentors on BP and I for one am extremely greatful for both the experienced and peer advice I receive.

Natasha, I sent you a message so that we could talk.

Kevin,

I wasn't indicating that someone who has succeeded just give away their hard earned lessons. What I was simply saying is that finding those people that would truly allow someone to learn from them is definitely a diamond in the rough. Of course the benefit would need to be in the mentors favor, but the newbi with true determination would be the one who is truly being blessed.
Most people I have tried to meet online at sites like this usually never follow through with meeting me because, I assume, they really have no drive. It's like all the people I talk to about real estate that I work with, for example. They are interested until it takes work then there attitude changes. So, by no means do I expect free mentorship.

Jeff, great idiom- I really enjoyed that. I am all about attending a rei group. Thanks for the information.

Natasha,

I've seen those signs too. When I called the number I only got a recording. It seemed to be a gimmick so I never called back. I have experienced the same thing. I have done a lot of research, but still a little skeptical about getting my feet wet without someone who is experienced. However, I would not let that stop me. If I get a deal, I would never turn it down for a lack of experience. I would work in an attorney fee with the buyer.

BP has a a lot of great information and great people that suggest finding a mentor. The experience I have gained so far is that no-one is willing to mentor anyone without a cash payment. So every single time I decide to ask someone for mentorship I expect to hear a cost. Then I ask myself, are they going to teach me anything that I don't already know? I know a lot from studying for the past two years, but it's like a puzzle that needs to be pieced together; hence, the need for a mentor (not saying I know everything- I expect to be learning for lifetime). I have also went to meetup.com and spoke to a gentleman about his rei group. He told me it was a $100.00 to get in. I don't think there is anything wrong with paying someone for their time; after all, everyone's time is valuable. The part that frightens me is whether it is some scam or not. I don't mean to sound negative. The truth is- should I ever reach my goals, I don't expect to give all my life's lessons away for free, but it may not necessarily be for money. I will make sure that someone is: 1st worth the time to teach because this sort of business breeds "get rich ideas" that are short lived with many people. Robert Kiyosaki I think said it best, "Find someone and offer to work for free."

I work 60 hours a day, study for my real estate license, attend college full time and still have the determination to move forward. I decided to get my real estate license because it dies 2 things: one it gives access to the MLS, and it side steps all the BS that people are trying to sell you to become an investor. At least on a regular basis you see real estate agents, companies provide free training, and the best of all, real investors that I may get to work for thus learn from.

I had to answer your post because I get disappointed when people look for mentors - coaches but at least in my mind there are none here willing to give that sort of one on one with genuine intention. BP is definitely a mentorship site in itself if you choose to read all the postings. Again I'm not being negative but realistic. If I'm wrong then step out of the "CALIFORNIA" woods, Mr. Philanthropist who truly wants to give back, and help Natasha and I.

I am in the Upland area. If you ever want to partnership for the benefit of us both let me know. If not, try finding a real REIA group to attend and meet some experts there. I'm attending one on the 30th in Corona. Go to google.com and type in REIA group. GOOD LUCK.

Thank you Steven and Lucas

BP, I read somewhere that I could claim my real estate education as a tax deduction, but my tax accountant told me that is not true. (By my understanding ) - He said RE education can only be claimed if you are already employed in this field. I told him that I was REI, hence my 1 investment property. So, I paid for two gurus, and I also paid for the school to gain my RE agents license. He went on to explain that if I were an REA than I could claim this sort of education.

The other question: if you invest in updating your property say $10,000 how exactly can this be claimed; is it a percentage of each dollar? I'm completely clueless here and would really appreciate your help.

Cory

Jason,
I don't have experience with PM. I was lucky because I could use my family when I was overseas, but that wasn't always great either. I just thought I would chime in because the one thing I remember from reading was that not all PM companies are created equal. Some really are worthless, but in the long run hopefully this will help in distinguishing the good from the bad. Where is your property located in Ca.? I would be willing to give it a shot if it is not to far from me (if that is something you would consider). I manage my own tri-plex in upland, but I hope to be in a position in the future to hire PM myself.

Two things: you can download every landlords guide to rentals. ( I think that is the title) but if you google it you'll find it. It is a must read for landlords.
I know your frustration. I was overseas and getting things done here in the states as an absentee owner can be frustrating. That is where I can relate and the reason I made my offer. I hope this helps in a round about way.

Good luck

Cory

Thank you for your help.