All Forum Posts by: John Jabson

A new brokerage is offering to pay for my real estate license and wants me to sell part-time outside of my teaching schedule (8-3:15). The risk is low however the town is small (county population under 45,000 and town population less than 12,000) and I don't want to gain a reputation for signing on to a new brokerage failure and look like a complete idiot. I have to be sure this isn't a huge mistake although there's no way to know until I"m into it. I will say that the 3-4 main companies in this area have been here for 30 plus years and are solidified, or seem to be.

This new company is claiming that they will be able to penetrate the market with lower commission rates. They are offering 4.5 percent commission to sell a homeowner's property while every brokerage in town does 6 percent. There are not alot of high end homes in this county. Most first time home buyers go 70-110K. I'm not sure if people will go with a new brokerage to save 1.5 percent. Any thoughts?

Yeah, I have no desire to change careers. I just like real estate and would like to have a side income/job. That's my objective. I know alot of people in this county through being in the school district so I think I have a decent network going. At this point I'm just throwing around the idea of getting a RE license and see what happens.

Joel-I really don't know what you mean by "your own investments." I dont' have a ton of extra income to throw around. I only bring in an extra 1500 a month, net. Please explain what you mean by that. Isn't being a listing agent what an agent does, primarily?

By law, what do you need in order to become a property manager? I'm sure it's dependent on the state. I'm in PA. Any ideas would be appreciated.

Thanks, Jeff S. Anyone else have an opinion on this?

So if you were in my situation, would you put your time and energy into becoming a PT real estate agent and building that business OR would you educate yourself on wholesaling and start building that? I live in a rural area with 50,000 in my county. There is a big town of 100,000 about 40 minutes away, but it's very competitive. My immediate area is kind of backward, but there are quite a few good investment opportunities for rental properties and flips.

I'm just trying to find a way to fill my off-time so I can make some extra dough. I have experience in flipping (2 houses) and landlording (2 properties). Not real experienced but not a total newbie.

Any opinions on that would be appreciated.

That's actually what I do. 8-4, teacher. 12 wks in summer off. But I do have a family and I need to take that into some consideration. I don't know anyone that does it. Theoretically it's feasible but is it profitable, that's the question.

Being a PT real estate agent with no intention of ever going full-time....good or bad idea? Time consuming? Profitable? Not profitable? any ideas would be helpful...

Theoretically, if you had the ability to do work yourself, is it possible to flip a house with no cash of your own invested in the property? Have you ever seen it done where a person borrows all money, either through a private lender or a bank to flip their first home?