All Forum Posts by: Jerremy Newsome

You got it Turner. Thank you sir! :-) 

Hey everyone! I hope you're doing well. I hope I am posting this in the right forum topic. Anyway, here's the SUPER quick run down. 

I met a Real Estate Agent who is 29 (I am 28) and he's doing REALLY well for himself in the last year. 250k in commissions. He's looking to vertically integrate and create a title company. He has 3 agents under him at Parks and obviously would disclose if any of his deals are going through his title company. He's asking for 50k from me to get started, 10% ownership in the company and revenue sharing. 

What questions should I be asking and to whom? I'll be calling a real estate attorney tomorrow. This most certainly does NOT sound like a "too good to be true thing." I have a pretty good understanding of how title companies work. What I do not know is the strength of the longevity, issues that face them and any legal ramifications this younger agent might be missing. Just some guidance would be amazing. THANKS! 

I appreciate that David. Go Gators. :-) 

That I would agree on Russell. It's not something I'm stressing out about very much. Mostly just a curious question. 

THANKS for the welcome Jessica! I am not aware of that clause. I have tried reading through my agreement and it's SO much jargon, it's tough to really tell what it means, ya know? :) 

Hi everyone. I hope this message finds you in great spirits. Apologies if I'm asking a question that has already been covered. I'm brand new to the site and company. Very excited about the adventure that lays before me. Question:

I am a land lord and I own a Cash Flowing 2 bed 2.5 bath condo in Gainesville, Florida. (It rains a lot in Florida.) LONG STORY - very short, water has come through a leak in the chimney and into the walls of the condo. My previous tenant noticed warped drywall, flaking and peeling. When the tenant left, I had a general handy man look at it. The damage is ROUGH (attached below). The residence is vacant now. 

You'll notice the brown lament flooring has been removed to look into the sub flooring damage. The HOA has ALREADY agreed to pay for the wall, inside and out and other damages, but claims I will have the responsibility of replacing the damaged flooring. Is this true? Should I get an attorney involved? Or just bite the bullet and pay the $900 or whatever it will be to fix the flooring also?

THANKS for your assistance and help. I can assure you, this won't be my last post here at BP. I'm excited to progress with you all! :=) 

Jerremy Newsome