All Forum Posts by: Jack M.

I am about to register for a real estate license class, solely for my own investments and MLS access (and so I won't need to bother some other real estate agent to write lowball offers for me), but I have a question first.

I have no interest in buying or selling houses for other people. I don't intend to take on a single client other than myself (or maybe a friend in the unlikely event that a friend wants to buy or sell). Are there brokers out there that will allow me to hang my license up with them so I can do my own deals (and just pay them a fee on a per deal basis) without ever having to help a client, and without any pressure at all from them to do anything?

I'm in Massachusetts, by the way, so if anybody knows of such a broker, let me know. 

Are you subtracting something you're supposed to be adding? Or am I reading something wrong:

Purchase price of 415k plus rehab of 50k is 465k immediately, and that's without considering any of the other costs. If you sell for 550k, that's 95k right there, minus all of those other fees you mentioned. 

The Baltimore market varies street by street. Within a few blocks, you can go from a half million dollar rowhome to an area with boarded up houses with drug users living inside. 

I don't know what it is about your website, but all of my "b.s. detector" alarms in my head are going off. 

It seems like a real internship would have some specific job responsibilities and compensation listed, rather than just an email signup box and what appears to be a late night infomercial vibe. 

I was in the exact same situation, and decided to renew the lease (since my property management company would take 1 month's rent as a placement fee to find a new tenant). 

In the end it didn't matter, because a few months after the lease was renewed, the tenant stopped paying altogether and was evicted, and I ended up needing to find a new tenant anyway, but this time I missed out on the month's rent that they didn't pay and they left the place trashed. It would've been cheaper to not renew the lease. 

@Jay Hinrichs I saw that you had responded to me in the other thread, but that thread was deleted entirely by the moderators, so I never got to see it. 

I wasn't aware that there are brokers that will just accept anybody, even if they don't take customers. I had read other people say on these forums that that doesn't happen. 

I have a lot of free time and could easily get a license. I just hate the idea of having to sell properties to customers. 

In Massachusetts, I think the salesperson's license is in inactive status unless you sign up with a broker's office, and the broker has to sign off on any paperwork you do. 

I also heard that no broker will take you on unless you're willing to sell houses for the broker (i.e. they won't add you to their rolls to just work on your own stuff).

 I asked this question in another thread, but the mods nuked the whole thread before I could see a response, so I'm going to ask it again here:

Just getting a real estate license isn't enough though, right? You actually have to work as a real estate salesperson underneath a broker for years before you can write your own deals. 

Selling properties to random customers for years seems to be a really round about way to invest in real estate. You're basically taking a full time job working for somebody else. For me, I have no interest in ever working for somebody else again. Been there, done that.

Am I missing something?

@Account Closed I disagree. I lived in Baltimore for 29 years, and in my current state for 4. I know the Baltimore area far better than where I currently live. I already have a property (my old house I used to live in) in Baltimore, and I'll be using the same property manager. Investing in Maryland will be a lot simpler for me than investing in Massachusetts, despite where I live. 

If it's fluffing, then a bunch of different real estate companies are all in a conspiracy advertising inflated rent prices, and they've been doing it for years.

A bunch of these properties are currently being offered for rent from 900 to 1300.