All Forum Posts by: Kobe Xin

@Edward Sharp

Welcome to BP and Congrats on getting your license!

I think having your license is great if you want to be a trusted professional in real estate and want to build a real estate business long term.

BiggerPockets is a great place to network and mastermind with some of the top real estate entrepreneurs in the industry and other like minded folks!

@Jeremy Cardenales

A lot of agents don’t have the patience in the beginning when they don’t see results immediately. I think real estate is a long term business and it takes time to build it up, especially if the goal is to build wealth and passive income. But unfortunately a lot of brokers don’t have the right systems in place for new real estate entrepreneurs to learn the right tools and mindset from the start.

You should look for an environment that is supportive and surround yourself with people that have similar mindsets or are at a point in their businesses that you want to be in a few years.

@Natasha Norregaard

Not sure if there’s a lot of in person meet ups going on at the moment anywhere unfortunately. I’m getting ready to take part in a virtual mastermind soon. I think that seems to be where all the meet ups are pivoting to at least for now. It’s not all bad in my opinion, this way people from all over the country or even world can get connected and share ideas, it’s a good way to expand perspective

Hi @Alex Smith are you looking for a brokerage that mainly works with investors to help them look for deals? Or a brokerage that has other investor/agents that use their license for sales and investing themselves? 

Although the two can go hand in hand, they are quite different when it comes down to the specifics. Some agents focus solely on working with other investors to help them find deals and list flips, while other agents got their license as a way to improve their own investment business and grow their portfolio. You should decide which one of these two types of agents you want to be, then pick a brokerage that has other agents with similar goals as yourself.

Good luck on obtaining your license!

@Ruben Morgan

Onboarding should be a little different for each brokerage. I know at eXp you get a full time onboarding concierge to help with all the moving parts. Usually the first step would be to notify the current broker that you would be moving.

A brokerage should have systems in place to onboard new agents so it takes less stress off them. If this broker has never hired an agent before then it sounds like they are expecting you guys to figure out the entire process.

No problem! Glad to help!

A lot of investors have gotten their licenses and also run a real estate sales business as agents. It's a good way to offer sellers an alternative if their properties don't fit the buy box criteria. 

I ventured into real estate mainly to build wealth and passive income. Being able to work with some of the leaders in the industry has been able to help me develop new skills and mindsets that will help with my goal in the long run. I think it's great that you're factoring in a retirement plan already, it's never too early to plan ahead. You also want to make sure that you consider the value the brokerage is able to offer aside from the fee schedule, fees are important and you want to make sure you aren't over charged, but a free brokerage with no value can also hinder your success. 

Congrats on passing your exam @Thomas Breiling !!!

Are you looking to do real estate full time or part time? What appeals to you about C21?

I got my license not too long ago and decided to go with an organization with a lot of investors because investing is my main focus for venturing into real estate so early. Everyone has different goals so you just have to make sure that whichever broker you end up at can help you achieve your goals in real estate. Happy to help!

@Jeremy Ferguson

I know a lot of investors who are licensed with eXp, but none of them wholesale to my knowledge. I would suggest looking at other options if you feel like you would need to alter your own business in order to be with eXp.

Like David said, express offers is an alternative that you can consider but it is not the same as wholesaling and you will still be representing the seller in that case.

@M Genuine

In Texas you would need to complete 180 of course work (that’s 6x30 hour courses) and pass the Texas real estate exam which is divided into two portions: the state and national portions.

You should start with your course work because that is the requirement you need to take the state exam. You can either take the courses in person or online. Although I didn’t take the courses with them, I heard Champions was one of the best course providers in Texas.

I hope that helps! If you need more details, you should check the TREC website for licensing information.