All Forum Posts by: Jonathan Reed

@Brandon P. Excellent input sir. I appreciate it greatly.

I hope this isn’t a dumb question. Do you think building and then renting a structure, either single or multi door, could be just as much or more of a lucrative venture? It would pan out this way.

Build - either my self or sub contract the work. My father is a GC so I have access to the experience of doing it right.

Rent - rents could command a higher premium because the unit is brand new

Refinance - like usual

Repeat -

The reason why I ask this question is because to me, if I build on a lot then I have complete control over whether I make it a single door or more.

Ultimately I am asking these questions because my wife and I have started making decisions to getting our first rental by the end of the year. This alternative to the traditional brrrr method crossed my mind. I know this just comes off as real estate developing but, it almost seems like a principle of build to rent.

Hope this makes sense.

Love Y’all

Jonathan Reed

@Joaquin Camarasa thanks!

@Sam Shueh thanks for your quantitative input about the subject, especially from a veteran who works in a very busy area. I assume many new agents drop out of the game because they didn’t plan correctly beginning point where there is little money made. Thanks!

@Jace Holt excellent point Jace. After talking with the agent that was one of my thoughts. There are so many different kind of real estate transactions that occur with buyers and sellers. Thanks!

@Joaquin Camarasa very true! The agent I spoke to and I both agreed that relationship building is one of the most important drivers for long term success in real estate. For myself, the earning potential is not the top reason for wanting to be an agent. The top reasons are the flexibility to be with my family when I need to, build/network with people in my community which adds value, gain the wisdom to be a successful real estate investor down the road, and then make money.

@Don Spafford Thanks Don. I’m happy to see input from someone in this area.

@Frank Wong Thank you. Blunt. Straightforward. I can’t remember who said it but, “winners do what losers aren’t willing to do”. Thanks!

@Maria McCreless Wow! Very good input thank you so much. To provide some context I was referred to the agent I talked to by a family friend who is an agent in another area. So the agent didn’t know me and I’m sure he was being blunt because so many people get their license thinking it’s a get rick quick gig. So I can see where he was coming from. But what he told me about numbers of agents to listing ratio caught my attention. But thanks for the mention of contacting the real estate board.

@Krisitna L. Very good input I forgot that there so many different niches of real estate. I was thinking along the lines that there was residential and commercial in terms of what available. Thanks!