All Forum Posts by: Michael Orakpo

@Michael Orakpo 

Welcome to Bigger Pockets. Consider sending messages to other members for specific guidance.

@ Michael 

@Michael Orakpo

Welcome to B.P. I can guarantee you that you came to the right place at the right time. You can gain so much insight and foresight from B.P.  I am a new investor and landlord. I have flip my first house and made $42,000 profit. I also have 3 properties that I lease out and cash flow $2,100 per month from all 3 together. All of this has happened within 5 months and because of the great insight and leadership of B.P.

Michael

Welcome.  I am a Keller Williams realtor in San Antonio with a large office. Although we have a formal mentoring program here, wherein a mentor is assigned and you both agree to a service/compensation arrangement,  I never used it.  Instead I simply attended as many trainings and team meetings as possible and used the bull pen to work on my transactions and ask help from other agents.  In other words I stayed around the campfire absorbing as much as possible and met as many agents as possible.  In turn I have received help and assistance as needed.   We also have transaction coordinators we can employ to take care of all the paperwork.  I am currently in group coaching.  I don't know how big the office is that you are considering but KW has an awesome learning based program and is indeed a family.

Although the "how to's" can be overwhelming and complex, to make sure you have properly addressed all issues, the real challenge and the heart of the business is all about "lead generation".  If you work on a team, say as a buyers agent, in most cases you will be provided most leads, but your compensation will be less.  As an independent agent you will be responsible for finding and developing your own leads which will take time.  So it is important to understand your financial needs and timeline.

There is a high fallout rate for new agents.  Most underestimate how much work it is and are not used to owning and successfully operating their own business, which is what you have.   They have an employee mentality and used to steady income.   They also underestimate how long it will take to generate consistent income and how much it will cost to get their.   I hope this helps.

Donald Fetzer

@Michael Orakpo

Hello is!!

We are super excited to have you apart of the BP family now!

I would encourage to seek the person who has the knowledge and skills you want to attain...those are the best mentors. Someone you can look down the line and say I want a business like that.

Initially I began my investing career looking into fix and flips, then shifted my attention to the Notes side of the business. I found that area to be an excellent opportunity to create passive income and strong capital gains.

Looking forward to connecting with you, who knows maybe even do a deal together!