All Forum Posts by: Paul De Luca

Hey Paul!

I'd recommend:

EVERY BP book -https://www.biggerpockets.com/store

Millionaire Real Estate investing by Gary Keller - very practical book. Gary helps everything make sense by reverse engineering the goal of $1M income and getting that goal chopped down to actionable and measurable steps.

The E-Myth by Michael Gerber- Highly recommended no matter what type of business you’re looking to begin - RE Investing, construction, development, property management, etc. My main takeaway, treat RE sales like a business, not a job. Anyone can open a door to show a house. Thats a job. Learn the business, take the necessary action each day to work ON the business as well as IN the business.

Podcasts - Super Agents Live, Real estate uncensored

Regarding, seminars/trainings/courses - I prefer 1 on 1 coaching. There are some great resourses out there for trainings, seminars etc, but they're not my preference since they're for a broad audience rather than tailored to one's specific goals.

Best,

Abel

Originally posted by @Paul De Luca:

Originally posted by @Will Barnard:

Originally posted by @Mike M.:

Not interested in eXp due to the attached requirements. This seems like a massive time commitment. Also I read through eXps contract and did not like some of the terms (not related to fees / comissions)

Not sure why these requirements would scare you away from any brokerage. If you are recently licensed, that means you have no experience and as such, don't you want to be trained properly to work in the field of your new license? Being an investor and being a licensed agent are two entirely different things. I think the requirements above are necessary as we already have too many agents in this country who have no clue what they are doing!

Now, to your original question, did you not yet use the BP search function? This very same question has been asked at least 100 times in the last 6 months alone on BP and in every case, the eXp clan chimes in to give their message, entirely in hopes to "recruit you". Just look at all their signatures, they are all in eXp. Now, with full disclosure, my wife's real estate license here in CA is held with eXp (switched form a small boutique brokerage which was "investor friendly"). But I am not here to recruit you nor is it the reason we switched over. The ability to own part of the company (via stock) at market discounts and in some cases, gifted to you for accomplishments, the ability to get our entire $16k broker commission split cap back via stock from performance, and several other financial reasons is what led us down that road. BP is now full of eXp agents trying to recruit others from BP (which in my opinion gives the "bad rap" to eXp). Similar to the marketing crews of the nouveau riche clan that came here and had to be blocked and removed for massive solicitations, etc., BP is getting to many of the eXp agents trying to recruit here (in my opinion) instead of focusing on doing investment deals and real estate transactions. Perhaps BP will more heavily enforce these solicitations, for now, it is up to you to read between the lines.

For me, an investor friendly brokerage would be one that has low fees, allow the licensed agent to perform their own investment deals without heavy restrictions, have systems for marketing for leads, and low commission splits. I would also add in that they should have an ability to get your questions answered quickly and accurately. That would constitute an investor friendly brokerage to hang your license with. Congrats on getting your license, I wish you well in your search for the broker that fits your needs and I hope you strongly consider going somewhere that can teach and educate you on the proper formats, rules, and moralities to be a good real estate agent while also being a good investor!

While I'm sure there are some of eXp agents who shamelessly try and recruit people here (and elsewhere), it doesn't appear to me that anyone was trying to "recruit" the OP. Sometimes people are just trying to provide helpful information in good faith so the person can make an informed decision. 

There's nothing wrong with highlighting the positive aspects of the company you work at, and plus it sounds like eXp checks a lot of boxes for his situation. 

 I don't disagree with you Paul, however, when you have been around here as long as I have and have seen all the solicits or "round about solicits" that I have, you know the intent. Certainly eXp should check many boxes for an investor/agent, agreed. But when you see the same people posting the same benefits in every post where eXp is talked about, you come to understand the motives. Be happy that your stock has shot up from $10 to over $40 in just 2 short months and focus on doing more deals. Just my opinion.

Originally posted by @Mike M.:

Not interested in eXp due to the attached requirements. This seems like a massive time commitment. Also I read through eXps contract and did not like some of the terms (not related to fees / comissions)

Not sure why these requirements would scare you away from any brokerage. If you are recently licensed, that means you have no experience and as such, don't you want to be trained properly to work in the field of your new license? Being an investor and being a licensed agent are two entirely different things. I think the requirements above are necessary as we already have too many agents in this country who have no clue what they are doing!

Now, to your original question, did you not yet use the BP search function? This very same question has been asked at least 100 times in the last 6 months alone on BP and in every case, the eXp clan chimes in to give their message, entirely in hopes to "recruit you". Just look at all their signatures, they are all in eXp. Now, with full disclosure, my wife's real estate license here in CA is held with eXp (switched form a small boutique brokerage which was "investor friendly"). But I am not here to recruit you nor is it the reason we switched over. The ability to own part of the company (via stock) at market discounts and in some cases, gifted to you for accomplishments, the ability to get our entire $16k broker commission split cap back via stock from performance, and several other financial reasons is what led us down that road. BP is now full of eXp agents trying to recruit others from BP (which in my opinion gives the "bad rap" to eXp). Similar to the marketing crews of the nouveau riche clan that came here and had to be blocked and removed for massive solicitations, etc., BP is getting to many of the eXp agents trying to recruit here (in my opinion) instead of focusing on doing investment deals and real estate transactions. Perhaps BP will more heavily enforce these solicitations, for now, it is up to you to read between the lines.

For me, an investor friendly brokerage would be one that has low fees, allow the licensed agent to perform their own investment deals without heavy restrictions, have systems for marketing for leads, and low commission splits. I would also add in that they should have an ability to get your questions answered quickly and accurately. That would constitute an investor friendly brokerage to hang your license with. Congrats on getting your license, I wish you well in your search for the broker that fits your needs and I hope you strongly consider going somewhere that can teach and educate you on the proper formats, rules, and moralities to be a good real estate agent while also being a good investor!