All Forum Posts by: Michael Hallahan

I'm not aware if note brokers will split commisions, but you are required to have a real estate lisence to broker notes in california.

http://new.sellerloans.com/california-note-brokeri...

I'd post in the notes forum section; and offer to be of assistance to those investing in notes.

I am not an investor yet myself; but since no one has chimed in yet I'll offer my .02. 

I think we need more information in order to give you any advice.  You didn't say how much equity you have in your 25% stake, if we knew that then we'd have a better idea of what your options are. Also what is the rate and term+term remaining on the loan? What percentage is currently going towards principal/interest. I ask because if you rent instead, you would lose that "income" so to speak from the amortization of the loan; so we need that information to compare any hypothetical returns you could get elsewhere. 

Number one thing to find out though is how much rent would your parents charge, this is really an exercise in futility without verifying that right? :)

No, I had put off the search until I had received my lisence. As of yet, my application is still being processed, due to background check hold up. However, now don't think I still want to get into residential sales. I am starting to look for an investor I can work for for free(full time while I work a part time job) and learn the business from them. I figure if what I really want to do is put together big multifamily deals, why waste time selling sfr's? Although the sales skills could come in handy, but I digress. 

Why not just get an exclusive listing agreement rather than getting it under contract and assigning? Is it because the commission would be less than the assignement fee you would hope for? Or is it that getting it under contract gives you more control? What am I missing. 

Yes that would be great i'd love to meet. Ill be in touch!

Also I forgot to mention I don't have my heart set on Orange county, My living situation is very mobile and I'm willing to go where the best opportunity would be in SoCal.

I want to begin driving for dollars right away, however I have no idea where to start. Presumably not high end neighborhoods, but are there areas to avoid?

Hello All!

I recently passed the real estate exam and just sent in my fee to apply for the license. I want to use my license to find rundown/distressed properties(driving for dollars, direct mail) to sell to flippers, so that I can learn that business and eventually start doing flips on my own. I am not sure what type of brokerage would best suit my needs. Would I be better off starting off at a traditional brokerage to benefit from the training they offer? Or should I look for a brokerage that is more geared to the types of transaction I want to do. To be honest, working with retail buyers does not appear appealing to me. Does anybody have suggestions for brokerages I should interview with? Thank You!