All Forum Posts by: Jonathan Makovsky

Hi @Amy Meza, I am in the same boat - I live in NYC and looking for investments that don't price me out.

I have spent my time looking in the CT market. I am not sure if it's the best or right market, but it's a drive away (as opposed to a flight) and there seems to be areas that are cash flowing steady.

If I understand correctly, you're looking for a 30%+ return ($30K with $100K investment) - to the best of my knowledge, that seems to be fairly aggressive for rentals - maybe you can get that return on fix and flips. However, I would be happy to share more details with you about the research I've done, if you're interested. Since I am also looking for multi-families and 1 - 4 units.

Thanks so much @Jason Eyerly. I was at the last BP meet-up in NYC with @Brandon Turner and @Darren Sager but I haven't seen a steady one in NYC, and that's what I'm looking for.

Hi @Peter Gaston!

I am in the NY area too - welcome aboard.

Is there a NYC BP meet-up? I saw that there was one back in August, and then the one I attended a couple of weeks back, but I'm not sure if it has been steady in New York. If not, please let me know if anyone in the NY area would be interested in having one started on a monthly or bi-monthly basis.

I would be happy to take the lead in organizing it - I don't know the first thing about what needs to be done - but I don't mind doing the legwork in finding out. I can also ask some members from other cities what they are doing.

Thanks!

Welcome @Ionie Scott!

You're in the best place to learn. If you haven't already check out the podcast, it's free and priceless information on many different angles within real estate investing.

Best of luck to you!

Welcome Account Closed

Thank you all so much for your replies and help!

What is the general sentiment from RE brokers regarding salesperson licensees that want to be sponsored only to gain MLS access to invest for themselves (not for outside clients)? Do brokers view that salesperson as an unnecessary liability? Or could it be easy money for the broker, since the salesperson is independent, but will still split the sales commission?

Hi BP, hope you're all staying warm. Any help with the below would be very much appreciated:

I completed the prerequisites to be a real estate salesperson with the primary intentions of gaining MLS access (not to sell real estate). With that in mind, I have a few questions:

1) What is the general sentiment from RE brokers regarding salesperson licensees that want to be sponsored only to gain MLS access to invest for themselves (not for outside clients)? Do brokers view that salesperson as an unnecessary liability? Or could it be easy money for the broker, since the salesperson is independent, but will still split the sales commission?

2) I completed the salesperson prerequisites and passed the exam in NY, but I want to be licensed in CT. The good thing is that CT shares reciprocity with NY, and one of the requirements for reciprocity is that the sponsoring broker needs to be licensed in both NY and CT. Has anyone dealt with something like this before? Is there a good way to research brokers that are licensed in both states?

3) What kind of broker might be most advantageous for this situation? Bigger brokers, smaller brokers, favorable commissions, any other criteria?

Thanks again.

Great job for putting this together, looking forward to meeting everyone there.