All Forum Posts by: Marian Huish

Given that eXp is publicly-traded and subject to SEC reporting, etc., I like that the full-disclosure of our financial position....(feel free to visit eXpWorldHolding's investor website: https://expworldholdings.com/) and at the pace with which this company is growing, their spending in additional technology, etc. is necessary in order to manage this expansion.  As a long-time Agent with privately-owned Long and Foster @Russell Brazil, I'd love to see LNF's financials!  Also, regarding concerns over the stock being diluted @Mary M., you can also read about eXp's new Equity Program here: https://expworldholdings.com/in-the-news/.  The founder Glen Sanford is an amazing, forward-thinking leader (and former Realtor)...  and I would encourage anyone who wants to know more to do their own due diligence-  Check out the link above and follow eXpRealty on Social Media.  or better yet, attend their annual Shareholder's meeting (as I did) which is being held in Orlando early June.  As many here have said, it's not a perfect fit for all, but then again, no Broker is.  -all the best to those trying to decide.  Marian

@Preetinder Singh -I'm with eXp and love it, however, as a new agent I would recommend going with a more traditional Broker starting off so that you are properly trained and knowledgeable as the eXp World can be challenging if you're not familiar with the business.  (I had 15 years experience when I transferred).  eXp requires new agents work with a Mentor on your 1st 3 transactions and of course your Broker reviews contracts and ensures compliance, etc.  It also depends on whether you're a self-starter as well as how much of a presence eXp has in your local market and whether you'd have the proper support you need.  [website and solicitation removed by Moderators]

Good advice @DevynGrillo!   Better to be well prepared financially when jumping into the market as you wouldn't want to lose the property or not be able to maintain it, etc.  be conservative now and your rewards over the long run will pay off !

Andrea-  Generally I would recommend holding the property,  however given that the basement needs underpinning that is not something I would recommend taking on yourselves.  Regarding renovating the upstairs while you live in it, that could prove to be very challenging and will certainly delay the process. Also, are you aware that DC is planning  to crack down on Airbnb rentals? The DC Council is currently reviewing a bill that would create a regulatory system for short-term rentals, such as those found on Airbnb and HomeAway. This bill would forbid homeowners from putting anything aside from their primary residence on the short-term rental market, and it would cap the vacation rental limit to just 90 days.   Of course knowing DC, this may take a while for them to implement but I would just keep in mind for the long-haul. You may want to simply live in the property and consider selling in the spring, as is, when the market is hot. Good luck!

Michael-  I too have lived overseas (USAID), invested in the DC metro area and have managed my own properties-  I'm now living part-time between Washington DC and N. Nevada at Lake Tahoe where I'm also looking at expanding into larger multi-family/apartment buildings myself.  Reno is undergoing tremendous growth and is also suffering from a housing shortage which of course makes it an attractive place to be a landlord!  you may want to considering putting 'Reno' on your radar! 

that's why many investors either partner with a Realtor or get licensed themselves-  which is how I got started investing.  As a newbie, you may want to consider getting your license for educational purposes, whether or not you want to work as a Realtor or simply use your license for investment purposes.  Good luck!

Are you a licensed DC Realtor with MLS access? If so, you may contact MRIS to help you resolve the issue... If you're not a member of MRIS, you wouldn't have access.

 Do you currently own property in Washington DC? The best skiing is out west

Why don't you 'interview' both of them (even though you already know them) but each should have a specific marketing plan/approach, staging? etc... there's more to it than just listing it on the MLS! A full-time Realtor generally has more of a track record, buyer database, etc.... would you use your Realtor to manage your property? I'm voting for the Realtor! ; )

I sell several properties in this condition in DC... it sounds like it's basically a shell and will require total rehab, not repairs.  Depending on the contractor skill level, size of their team, quality of renovations, etc. you're looking at costs from $80K-$150K... plus they'll need to work in their profit margin.  It also depends on the specific location in Brightwood... i.e., is it on a desirable residential street?  sandwiched between homes that have been or need rehabbed?  near a bus stop? etc.   I generally pay to have the contents of the property cleared which can cost $3,000-$4,000 alone.  I'm a little unclear whether you've already got it under contract and are looking to assign it to someone else?  or are you a Realtor looking to list it?  If you're planning to do the repairs & resell, it sounds like this may be more than you'll want to take on.