All Forum Posts by: Luis Blanco

Good day investor-friendly agents and brokers! I got my license within the year and I'm having difficulties adopting my brokerages daily routines and general systems. I got my license as a way to become an investor. I figured I have plenty of professional customer service and sales experience, so let me put those skills to good use and also cultivate professional relationships with investors. Well, several months ago I joined a brokerage and naturally I want to comply with their ways of operating and generating business. The only problem I now see is that I got sidetracked from my plan and now I'd like to pivot and adjust my routine to my interests and become the investor friendly agent, helping new and existing investors get their first or next investment. So, I'd value your transparent ideas, what daily routines and business systems lead to your success? What are the priorities as you see them? And bonus, why do you do what you do?

Thank you 

@Ariel Gomes 

I think it could absolutely make sense to continue to hold the property and take advantage of the 4 ways you are currently building wealth: cash flow, appreciation, tax benefits, and amortization. That being said, it really has to do with you and your goals. Sounds like you are burnt out of working your corporate job and would like to "sell the farm" and move on. I completely understand where you're coming from, and I know that you're not alone with feeling burnout and thoughts of a comfortable retirement. 

There are reasons why I would sell to tap on the equity, which include trading up via 1031 exchange. I think you could potentially either keep your current asset, set up systems to make it as passive as possible, and possibly hire a co-host like you mentioned or property management. You could 1031 exchange the STR into a much more passive investment property, like something turnkey, or already under management. You could also just sell, take advantage of the appreciation and go retire in Brazil, but I would speak with a CPA and attorney before making any hasty decision to leverage their expertise. This way, you can more clearly see how this decision will affect you both in the short term and long term. Anyway, I hope that I have added value in some way. Also, I wish you the best with whatever road you choose!

Best wishes, Luis 

@Edgardo Manosalva

Welcome! 

I recommend, first and foremost, to educate yourself through BiggerPockets podcast, guides, blog posts, and forum posts. Maybe start with broad information and work towards learning about more specific topics, so that you familiarize yourself with the lingo and concepts. Second, I would say to start connecting with like-minded people, going to investor meet-ups, and ideally find someone who is currently doing what you want to do successfully. Building a foundation of financial education and surrounding yourself with those currently achieving success will put you on a path towards your goal of financial freedom. I'm happy to speak with you more and if you have any questions, let me know. I'm a local REALTOR and aspiring investor. 

Best wishes!

@Rose Marie Coleman

Welcome to Florida! I recommend financial education first and foremost, starting with the BiggerPockets podcast. The blog posts, forum posts, and guides are excellent sources of information as well. I'm a local REALTOR and aspiring investor. I'm happy to help if you have any questions, or even if you'd like to connect with more like-minded people in person. 

I wish you well!

Hi @Bryan Keller! 

Congratulations on buying your first investment property! I hope you do well and learn lots. I agree with @Zalman Ives and @James Carlson. Buy and hold real estate investing is a long-term plan to building wealth. Like Warren Buffett says, his favorite holding period is forever. Of course, the deal also has to pencil out and make sense for you. Consider multiple exit strategies and use conservative numbers, not eraser math. The most successful real estate investors buy deals in all economic market conditions. I think more often when the "sky is falling," and less often when everyone is buying, but there has always been deals. 

I wish you well and look forward to learning about your progress!

Hi! Thank you for sharing this valuable information. I'm new to real estate in general and love learning key points like you present in your post. I recently became a professional REALTOR and I'm currently learning as much as I possibly can, so that I can help others and specifically investors with real estate services. I would love to learn more about how you got started in real estate and your story. I look forward to hearing from you soon! Hope you have a great day! Best wishes,

Luis Blanco

How would a new licensee go to work for a brokerage and specialize in investment properties? I'm newly acquiring my license and have it in my mind that it would be great to work for investors. I plan to become a buy and hold investor with small multi family properties and think that associating with as many active investors as possible will be one of the greatest benefits of being licensed. Also, investors will transact on multiple deals, whereas non-investors will only transact on a few, if that makes sense. 

Hello BP community!

I am new to this community and real estate in general. I am currently studying to obtain my sales associate license. My plans are to acquire my license, activate it with a brokerage, and work with investors. Along the way, I also plan to develop mentor/mentee relationships with successful real estate entrepreneurs. I will be drafting a roadmap, business plan, and goals regarding my dream of being a successful real estate entrepreneur. Briefly, I would work to acquire buy and hold small residential multifamily rental properties starting out. I'm interested in becoming an expert in that niche. I have done a fair bit of reading, listening, and watching to gain some financial education. However, I have not yet done anything in this space, and for that reason I would consider myself stupid. Ideally, I would apprentice with an expert real estate entrepreneur, so that I will not do stupid. Please understand that I am in this for the long haul, and I plan on making real estate investing and entrepreneurship my mission and lifestyle.

Now a little about me. I recently celebrated my thirtieth birthday, got married to my amazing wife, and had our first child! I resigned from my job, in sales, in January in order to pursue my dreams. I plan to be on that pursuit until I achieve them, and then I'll come up with other dreams. I strive to meditate, affirm, visualize, exercise, read, and scribe daily. I'm constantly curious and consider myself a student of life. I'm loving, respectful, honest, passionate, driven, persistent, and resilient, to name a few adjectives that describe me. I'm dissatisfied with my personal situation and that is because I want to be more, do more, and have more in life. If you're reading this and think you could sincerely help me, or if you'd simply like to reach out and say hi, please do so! 

Thank you. Kind regards,

Luis Blanco

Thank you all for the replies! I appreciate you and your time/effort to share. 

I'm getting married next month and me and my spouse are looking to buy a duplex and househack. Would we qualify for FHA, or any other first time home buying programs that are available? She has a full time W2 job making decent wages. I'm currently self-employed and will be starting a full time W2 job soon.