All Forum Posts by: Marian Huish

@John Kim it depends on your market and level of experience and yes, you personally pay the EMD. Based on your question, I would recommend working with a Realtor and learn what they do and then after you have more experience decide whether you want to work directly with wholesalers. As a buyer, you seldom pay the Realtor and because they are licensed, they are working in a regulated environment. Wholesalers are not licensed. It depends on your risk tolerance and willingness to do the work yourself. If you don't know what you're doing, you can expose yourself to legal issues in addition to financial loss.

My team and I are happy to help @Priscilla Avery!

We’ve got agents in PR that I am happy to refer you to… PM me details of what your client needs are and location @Rob Forslund

Are you enjoying the pre-licensing course Hachi? The education value alone should prove to be worthwhile whether you wholesale, sell to the public or simply use it to purchase your own personal home. Pay attention to the part about NAR ethics and ask yourself whether you want to put the needs of your clients/the public ahead of your own needs. Most wholesalers are focused on making money for themselves on the backs of Sellers. This is largely why most brokerages do not allow wholesaling. If you represent a client, you have a duty to look out for their best interest and this generally doesn't include getting the property at a steal and then assigning it to another party to make money. This leaves yourself and your broker liable for potential lawsuits. Realtors are held to a higher level of ethics than those who are not licensed. Ask your instructor to engage in a conversation about wholesaling and then you decide what you'd like to do. KW will push for you to sign on with them upon completion because you won't be able to use your license without being under a Broker. … but of course you can affiliate with any brokerage you choose. There's a lot of $$ be made if you enjoy the sales process but as pointed out earlier, there is a lot of cost, time and uncertainty that comes with being a full-time Realtor. All the best.

Congratulations on getting your real estate license @Bryan Dockter!  Since most of us here on BP aren't familiar with 'Treasure Valley' which I assume is your local market, you may want to search other platforms for local brokerages-  Obviously most here will promote the national brokerages like KW, ReMax, eXp, etc., however, those vary by location.  If a local team/support is important to you, you might want to search (Google?) locally.  Interview with Brokers & agents to make sure you find something that fits your needs.  Generally, more 'hands on' support with training and leads is most important for new agents vs. commission splits, etc.  Best of luck- 

I’ve got some realtor contacts there through my brokerage. DM me with details and I will connect you! @Lorraine Patterson

Just checking in @Konkova Irina to see if you've affiliated with a brokerage yet?  Curious who you went with as you were expecting to do minimal sales and didn't expect to use any of the brokerage tech or training?  

Congratulations on the decision to become a licensed Realtor @Callaway Pate!  I'm a long-time investor & Realtor in the DMV.  Happy to connect here!

As an experienced investor & Realtor in DC @Shannon Erickson, it seems unnecessary to hire a property manager for a Condo in DC as you should be capable of collecting your own rent and addressing any necessary repairs/needs the tenant may have which should be negligible in a condo.  You're biggest hurdle would be in advertising, showings, screening the tenant, preparing a lease.  Hire a Realtor for this which should cost you roughly the equivalent of one month's rent which is well worth it in order to get a qualified tenant in place. -best of luck!

If you intend to sell residential, most of the commercial big dogs won't allow you to do residential... and will start you at a 50/50 split.  Check out eXp Commercial as they offer excellent training from a pool of commercial leaders with international experience.  Start with an 80/20 split which includes only $20K per year to eXp.  Best of luck!