All Forum Posts by: Jonathan Dicent

Hi Adam,

I'd also like to throw my hat in the ring. Please send me a direct message with your contact so we can discuss

Thanks for your input Bruce, it’s greatly appreciated. Yea I’ve heard a lot of that as well. All the work that has to go into it, up-front out of pocket expenses and so on, definitely food for thought if this is going to be the path I walk especially as a rookie agent. I was thinking Of just getting started doing BPOs for some of the BPO companies as a way to get a little exposure, experience, and get some money in my pocket. Would you happen to know if there’s enough work from those companies to go around or is that drying up with the REOs as well(which would make sense)

*Anyone else on here welcome to join the discussion.

Hello BP,

I'm in the process of getting my real estate license and was looking at REOs as a potential niche. So far from what I gather its a process to get started in this path but I think it could be very lucrative. If you're already working in this niche, I would like your opinion on the current state of things given where the market has been as a whole lately. I heard a good way to get started in this is by doing BPOs. Are you still getting BPO work? Are you getting enough REO listings? Are they still being sold or have things slowed up in this niche as well? Hope to get some insight.

Hello BP,

This one is more for the real estate agents/brokers on here. I'm currently considering buying into a discount real estate brokerage franchise(discount because they charge less than 6%) and was wondering if theres a way for me to check how much buying and selling activity there is in my area(NYC/Long Island) given with the Covid situation as well as other factors at play(low interest rates etc). I don't mind paying for the info if theres a reliable platform or website, and if you're in the NYC/Long Island area I would really like to hear your professional opinion as well being that you are all actually out there in the field. Looking forward to your responses.

Hello BP,

This one is more for the real estate agents/brokers on here. I'm currently considering buying into a discount(they charge less than 6%) real estate brokerage franchise and was wondering if theres a way for me to check how much buying and selling activity there is in my area(NYC/Long Island) given with the Covid situation as well as other factors at play(low interest rates etc). I don't mind paying for the info if theres a reliable platform or website, and if you're in the NYC/Long Island area I would really like to hear your professional opinion as well being that you are all actually out there in the field. Looking forward to your responses.

Hello BP Community,

Recently I've been considering becoming a franchisee of Homevestors. Before anyone comments about how the things they teach can be done on your own, the money you spend on a franchise you can do real estate yourself, you can spend that money on educating yourself about real estate etc, I understand all of this. However I'm the kind of person that learns things best with a little hand holding and guidance at first and being taught as opposed to self-learning. I also don't believe in reinventing the wheel, if someone already has a proven system of doing something in a way that works and is streamlined and you can plug & play I believe thats something worth paying for. 

However my concerns about it are that I'm in NYC, where we have inflated prices, mounting regulation and anti-landlord legislation that has become the trend in our market. So I would like to get some insight from any current Homevestor franchisee who operates specifically in NYC/Long Island to see if the Homevestor model still makes sense in our market and to get a better sense of what your experience has been like. Looking forward to discussing.

Thank you all for your input. Yea I’m familiar with CDS and how they work/worked. Was just curious if there was any similar thing available at this level, but guess not

Hello BP,

I was wondering if a form of insurance exists that a note buyer/investor could purchase to protect themselves against a borrower defaulting as opposed to going down the foreclosure route. Sort of like a retail version of a CDS(Credit-Default Swap). Thanks in advance for the input!

Great info from everyone, thank you all very much! I'm guessing the same would hold true for an LP with the intention of purchasing rental properties?

Hello All,

I'm curious to know if you wanted to start a Limited Partnership to invest in notes and/or tax liens, is that something where you would need to register with the SEC or some other regulatory body? Whether that be off the bat or if you begin managing pass a certain amount of funds? Thanks in advance!