All Forum Posts by: Kamil Baldyga

Hey Rick,

I would look into eXp Realty. A lot of what they do is online. More importantly though, you get bigger commissions. The model is an 80/20 split with a $16K annual cap. That means each time an agent closes on a property, they keep 80% of the commission and 20% goes to eXp. Once you hit the $16,000 cap on your anniversary year, you keep 100% of the commission per transaction.

You also get stocks for the transactions that you do and you can participate in the Revenue Share Plan. Which is essentially passive income for real estate agents. Always good to build another income stream. Hope this helps, let me know if you have any questions about anything!

I chose to do short term rentals because it increases my cashflow per property. In this market, rule of thumb is double what it can bring in as a LTR. So if a property operating as a LTR brings in $250 cashflow, it will be bringing in around $500 as a STR. I do ensure that the numbers still support the property as a LTR in case there is a change in the STR market. I also just have more fun setting up AirBnbs.

Hey John, I would say it all depends. I personally started with a partnership and I think it was extremely beneficial. We we're able to scale much faster, we can cover each other's weaknesses, capitalize on strengths, have more oversight on projects, and keep each other accountable (let's be honest, there a days where we don't feel like doing anything). We also have more freedom, some of us occasionally leave town for a while and we know that our partners are nearby should anything happen.

I will say that if you are going to do a partnership, do it with people you trust, understand each other's values, and are mature & resilient enough to handle adversity. You're essentially getting married to them, and like marriages, it isn't always sunshine and rainbows. Should you decide to do a partnership, start with what everyone's roles are in the partnership. Otherwise ya'll will be standing around unsure of what to do. Hope this helps, let me know if you have any questions!
 

Hey Connor, so for the Airbnbs in my portfolio I primarily use Amazon. However, I recently was able to establish a good relationship with a local furniture store and received discounts. I would recommend visiting your local furniture stores and having the conversation with the manager. Some would be more than willing to come to a certain agreement.

Hey Deon, welcome to the world of real estate investing! I'm an investor specialist agent at Five Pillars Realty in Fayetteville, NC. If you ever happen to find yourself in the area we host an investor meet up called "Pints and Properties" the second Saturday of every month. It's a great opportunity to meet investors, agents, vendors, etc. Let me know if you would like to be added to the distro!

Hey Liz, I'm an investor specialist agent at Five Pillars Realty in Fayetteville, NC. I would highly recommend looking outside of your market and doing long distance investing. I have several clients from California and Hawaii that choose to invest in Fayetteville, NC because it is very difficult to invest in those high cost of living areas. An advantage you would have is that your money would also be able to take you farther as the average cost per home is much lower elsewhere. Let me know if you have any questions!

This is going to be difficult to do, especially with COVID creating uncertainty in the market. I say shop around. Call EVERYONE. Understand though that usually with a low down payment comes other charges from lender such as additional points. 

Hope this helps, best of luck!

Hey Eric, so what you would want to do in this situation, assuming you're working with an agent, is to have your agent ask for a "rent roll up" from the listing agent. This will show payments, lease time frame, and rent rates for the units. If agents are not involved in the transaction, you can request it from the seller which should get formal documentation from property manager. 

Hey Joel, I'm Kamil, I'm an investor specialist agent at FIve Pillars Realty. We have expanded to the Charlotte market and have a list of preferred vendors in the area. I will shoot you a direct message here shortly.

Hey Kyler, to my knowledge there isn't a way to input it all once and get multiple calculator results. Though it's an awesome idea! What I like to do when looking at a property to determine to which of my clients to send to based on their investing criteria is to input all of the information on a word document and copy and paste from there. It saves a little bit of time. Hope that helps!