All Forum Posts by: Kaveh Jafarabadi

@Theodor Kim If I were to start as a new broker I'd start with a high producing team ($20M+ yearly volume, you can ask for their volume when interviewing the teams) rather than trying to figuring everything out on my own. keep in mind that it would be very likely that you couldn't make much money as a broker in the first year or two in real unless you are a complete exception. I would suggest to invest that 1st year or two with a fully stablished team so you can learn the craft from actual doing the job and then choose what you would like to do if you decide to go on your own and do it for yourself. 

@Jesse Lewis

I understand from your comment that you want to become a Broker to make your way to investment or maybe development sector of the real estate. Brokers are in the transaction sector of the real estate business and although being a broker would save you a commission but wouldn't necessarily help you in being successful in either investment or development nor it would necessarily help you to be able to raise money faster.

If your goal is to get yourself into the investment sector, get straight into it by following a credible mentor and get your license down the road to save a commission on your deals. And if your goal is to get into transaction business then get your license and know that you are getting yourself in the marketing business of the real estate world.

Here are some other facts:

A large percentage of brokers (70% or more?) Make less than $30k a year.

The majority of the most successful real estatebrokers are focused on one thing! "Sales"

Best of luck

Looking for your book suggestions on setting up a property management company. There are many subjects out there for how to manage your own properties or deal with tenants and rentals etc but I found very little on the subject of "structuring" a professional property management company that is in the business of managing other owners properties.

@Christian Bunte 1.5 bath for 3 Br and private laundry for 2 Br

Looking for suggestions on the calculation of the property management fees. 

Property type: All condos/ no rentals

Location: Chicago,

Age: 10 Years Old

Number of Units: 1000 Units

Approximate HOA Yearly $4M

Other Incomes ~ $300K (Yearly)

Unit value range: $250K - $450K

Thanks In Advance