All Forum Posts by: Jacob Chapman

Just let me know what ideally you at looking for and I am sure we can get things lined up for you :)

@Pamela Gregerson

Hello! I would be happy to meet up with you and your husband! I actually own some duplexes myself, and love looking into investment properties :)

Hey everyone!

So I know in apartments per fair housing you can't disclose demographics not the local area (such as we have mostly young adults here). But does that apply with single family residents and duplexes?

My gut says no, but I can't help but think that some rules are different for small multi family. I don't ever intend to steer or disqualify, but if someone says "are there lots of kids in this neighborhood?" Can I say one way or another? With apartments it's no, but what about duplexes?

So just a little bit of detail, I'm looking to to a full career shift to being a real estate agent. I do not have real estate experience in buying and selling for others, only in apartment management and three homes I've purchased myself. With my work life balance it is not something I can start part-time so if I'm jumping in I'm jumping in with both feet forward all in. I would love to know your current experiences are as a real estate agent, especially with Keller Williams since I hear they are stellar company And that is whom I'm interested in hanging a license with.

what are some realistic expectations for the first fiscal year as a real estate agent? I know it's all commission so if you don't make any sales you don't eat basically, and I know that the majority of real estate agents fail in their first year pretty hard, but I would love some tips on what are some realistic expectations and sales or in ways to get up and get going.

Hey everyone my BP!

TL DR: What has been your unfiltered experience working for Keller Williams?

some things have changed my job and it's likely that I'll need to do a full career change out of being a certified apartment manager, and I'm wanting to keep things as close as possible to investing mindsets to keep me on track personally.

I've been interested in becoming a real estate agent part-time, but with this opportunity it's possible I might jump in full time right off the bat. I know that has a higher risk to it seeing as real estate is 100% commission feast or famine. Generic real estate ancient concerns aside, what has it been like working for Keller Williams? They've been raided as one of the highest overall best franchises to work under, but enough sometimes a lot of those reviews are biased. What has been your best to the best and your worst of the worst times?

Thank you both for the input, one of usual lengths of owner financing, and the other of how it passes down!

Hey BP!

So I was looking into getting into some owner financing deals, and I have found that for the most part, most people who are willing and able to owner finance are doing so because they want the monthly check each month as they grow old.

My question is this.. statistically speaking if the owner is up there in age (80's), if I get a 30 owner finance with well enough terms that I would want to keep it and not refinance, they will not be around the whole 30 years...

So.... what would happen? would the loan go to their nearest kin? Go into probate? if they have no relatives, then what?

It seams pretty straight forward if I were renting, the family of the diseased would just sell the property, but in this instance... I own the property, they just have a note on it..

What are your thoughts? or would it be complicated enough that you recommend steering clear of it? I'd prefer not to since I see helping an older individual with solid income as a good thing, and they are not likely as picky on end price as long as their monthly is sustaining them.

Any info would be greatly appreciated!

That definitely helps! Since I m not in that area I can't really suggest anyone specifically, but here are some ideas on how to find some good ones.

1) look on BP for upcoming local meet ups in Wichita falls area, make sure they look well attended, and spend the time to go to one or two and ask your local investors who they use. Most property managers are entrepreneurs themselves so they will be harder to find online.

2) you can try finding then through Google search, and call the big businesses that service your area. 

3) place Craigslist adds that you are looking for a property manager part time. 

4) contact local Realtors/locators for lead generation, find a go to local handy man, and manage yourself. Locators can do the showings, and if you get a handy man you can trust, they can be the direct contact for maintenance concerns. 

I hope that helps even if it's not what you were looking for :)

Hey Alfred, I guess that would depend a bit on your strategy and where you are at. Do you currently own properties? Are the SFRs, small MFRs or apartments? Are you wanting to just have then do all the work, or are you hoping just for lead generation?

@Tracy Schulz

I agree with Kiera. I just moved to OKC to invest for that reason.could get better appreciation elsewhere but if appreciation is just icing on the cake, it sure makes for a low risk investment