All Forum Posts by: Jean Cetoute

@Andy M. First thing, great video and congratulations on your first deal.  I have been in real estate investment for a while, and I have not done a flip yet.  Your story and video is encouraging.  Thank you for sharing.

www.Facebook.com/CetouteHomes

www.CetouteHomes.com

@Shelly F.  Welcome to BP, this is the place to learn from.  I am fairly new to BP myself.  When I first started I thought maybe writing a lot of posts will get me the knowledge I desire but I realize (for myself at least) that was not the way.  A wiseman became wise by listening, reading, and observing.  So, read, comment, listen and ask a ton of questions on the topics that interest you.  Do you have a real estate license? 

Welcome to the site and it is great that you have a goal in mind and set on accomplishing it.  It is not easy to get a real estate license.  You have to dedicate yourself to studying, switch  shows you are discipline.  I am sure you will do great. 

I do agree that when it comes to real estate many are engage with their emotions and not brains.  @Elaine P. you said many structure them wrong.  Can you give me an example of the right structure? I asked because I want to broaden my knowledge base.

You are receiving a lot of good advice.  I can come close to agree with @Mike F. and @Mark Ainley.  

What would be the cost of addressing all her concerns? 

How long would it take to have the place rented again? And what are the associated cost of getting it ready?  If she pays her rent on time but makes a lot of complaints.  Weigh all these things and see what makes best sense for your business and make a decision.  Also, as previously mention; I would most certainly raise her rent by at least 10%.  Don't be spiteful, nurture your business with best practices.

Thank you very much @Chrystal T. .  The water I have been swimming in just got a bit clearer.  It is not all about getting a bigger piece of the pie, I am just trying to learn how to do business and do it right and ethically. I am comfortable with my commission for now but was curious on how to pursuit my wholesaling knowledge and practice while being with the firm.  Thank you for taking the time to teach me about assignment.  I do not know much about assignment but now I know where to focus my studies.  As I mention in my introduction, this is a new field to me after retiring from the military and although I am very comfortable  and proficient in what I do, I am seeking improvement.

Sorry for the late response, @Anson Young I am advertising to home owners and I do disclosed that I am a licensed real estate agent.  I do pay commission  on all my closings which prompt me to ask the question.  As you said< I think I will need to do some more research to determine what the state law says about wholesaling is in NC. @Bernie Germani the issue is this.  I really wanted to know if there is a way to do wholesaling without sharing it with my broker in commission. 

I am an Agent at a Real Estate company in Jacksonville, NC.  Engaging in wholesaling AND being a real estate agent at the same time is new to me.  Are there any ethical concerns or industry best business practices I should lookout for while learning the ropes of what it takes to be an effective wholesaler? 

(If this issue has already been discussed, please guide me to the correct forums, thank you.)

Hello @Gina Dovel I am new to BiggerPockets but I do like to offer some input on this matter.  First thing, because your home was own free and clear, you were making about $10,000 a year already in mortgage savings. I do agree with @Nick Patterson to do your homework.  While you are looking to make $4,000 a month in your plan, consider also the $150,000 investment is now responsible for your mortgage of $770, tax and insurances on your rentals, maintenance/repairs, and vacancies.  I am not a risk taker and bury my self in debt when it comes to the house when I put my family to sleep.  So at the end, whatever is comfortable to you, reasonable and let you sleep at night is the best course of action.  What is the point of generating large monthly amount of money when most of it will go towards debt repayment?  Nice meeting you

Thank you to @Larry Fried   @John Myers @Dmitriy Fomichenko and @Account Closed as she was the one who introduced me to BiggerPockets.