All Forum Posts by: Pat S.

Based on what I did, read the material before class so that it's easier to highlight and take notes, study often, memorize the terms (which it sounds like you are working on with note cards) and make sure when you do the review questions, that you understand why the wrong answers are wrong and not just why the right answer is right.  I studied every week, and then dedicated several full day sessions before the end of course exam and the state exam.  Remember too that the state exam is administered by AMP, and they have review questions (for an additional fee) which may help you prepare for that exam.

Hope that helps! Best of luck to you!
Pat

Good luck Chris! I just finished the NC course this month (did weekends too) and learned a ton of good information!

Pat

Looks great Austin!  Best of luck on the sale!

@Jennifer Lee , Awesome success story! Thanks for sharing.

Congrats @Mike Hoefling 

Please keep us posted on what broker you decide on and why.  I'm starting my class this week and plan to start interviewing brokers later this month. Generally, my research and discussions with various agents have been pretty positive about Keller Williams being a good place for new agents, but obviously every location and team are different. 

Pat

Thanks for the support guys!

Pat

I know most on the forum add their license as something complimentary to their investing, however I've decided to reverse that model and pursue being a full time agent as the basis for my future investing.  Initially I see this as enabling successful investments through increased knowledge, market awareness, and professional network connectivity while eventually providing an additional source of income to put into additional investments. (I've just retired from the military so have one income stream and health-care plan).

My pre-licensing class starts in Feb and I plan to be licensed and active by Apr in Asheville NC.

No real questions that haven't been answered before, just putting it out there to keep myself accountable. :)

@Greg H. , Interesting, I did not know that.  Thanks for the clarification.

Pat

Agree with @Ned Carey , it depends on what your contract says.

I had a similar situation last week with a  property in NC.  It was a foreclosure with similar "as is" clause and was winterized, the offer included a 10 day due diligence period for us to inspect. They required us to pay to have it de-winterize and re-winterize if we wanted to inspect.  During due-dilligence we inspected and found that the company that did the winterizing initially did not do it properly and there were a significant number of broken pipes, so many that we would have to re-plumb the house to correctly fix it.  Requested a reduction in price and they declined, and since the margins were so thin, we terminated the contract.

Now that they are aware (we cited it in our termination letter), they will have to disclose it to future buyers, and hopefully we'll see the property sit for a while and then price drop to some thing that makes the numbers work again.

NC is a little different than other states on due-dillegence though, buyers may walk for any reason or no reason in the due diligence period. I'm not familiar with NJ.

Pat

I really like @Mary Hart and her team. She's also an investor and supports the local Real Estate Investors Association.