All Forum Posts by: Paul Farley

 Thank you for the advise and word track. I am comfortable with telling others what I want in life and have no problem doing so, even this post shows that. I meant more on the lines of reaching out to some of the individual customers we have that I do not know so well, it may hurt the business I work for. That's all I meant by that. I have hundreds of agents/brokers that I have a closer relationship.

I will reach out to them and hear what they have to say! 

Again, I think being an agent would just be an entry for me, but I know I would like doing it for a while. I want to use it to learn the Real Estate industry in a personal approach. Then capitalize on it and start investing into Real Estate. 

 Thanks! My network is quite large with thousands of Realtors our company represents. I do have a lot of connections via my company, but we are a nationwide+Canada company, so it isn't like there is a huge lot of Realtor's in my area that I can just meet up with and go over all of this. 

I'm not too sure how I feel getting on a personal level with our customers. 

Don't I need to go to a school for three weeks and then take a test to get licensed though? Are there any good online resources?

Regarding the driving with an agent. That is a good idea, and a friend of mine offered to do it. The thing is, he has only been an agent for less than a year, so I do not know if that would be a better experience or not.

Let me give a brief overview. My name is Paul and I am 27. For the past 2 years I have been working for a marketing company. One of our largest divisions is Real Estate and I am the head of our Real Estate department. So for the last two years, I have been speaking with Realtors, Brokers and Mortgage Brokers. Since I started my job, I have been having a sense that I have a calling for Real Estate. I am not sure if I would want to be a Realtor for ever, but I think it would be a great entry to other things. I would love to buy Real Estate and flip it, but I do not have any where near the required capital for it.

Other than speaking with Real Estate individuals on a normal basis, I do not know much about it. What is the hardest part of it? Is it difficult to get any listing to sell if I would start? Would this be something I could do part time (nights/weekends) until I felt comfortable doing it full time? I have a family, so I can't just quit my job now to go at it fully.

Will a brokerage hire me if I do not have any experience? If a small brokerage hires me, will that damper the ability for me to get any listings to sell?

I guess I just need a good helping hand to let me know a route or what to look out for. I live in Ohio, so I did some research and talked to a friend that said I must go to classes and then pass testing. Then I can become licensed and from that point I will need to join a brokerage.

Thanks for any help!

@Shane H

Thank you for the great advise, I really appreciate it!

I have been working on this some. The first thing I did was contacted my attorney and summarized some of the estate things to see if it would pay through it and he confirmed. No offense to anyone on here, but with a legal matter like that, I wanted to be 100%.

I have found out the company is State Farm. I am having troubles getting the policy#, so that I can call State Farm and see what the insurance covered. The employee who handles this hasn't answered her phone for the last two days I've called.

So I am working to get this done and will keep updating this thread for possibly more advise and to maybe help someone else out sometime.

So I should do this:

1. Contact the credit union and finding out who the insurance company is.

2.  See if storm damage is on the insurance policy.

3. Find out how much the deductible is.

Say it would cost $7,000 for the repair and the deductible is $1,000. If I I file the claim they would put $6,000 towards the estate?

 There is pretty bad window damage from a storm. I'm not positive if the insurance covers it or not. I don't know too much about her insurance and to be honest, I don't know who the insurance is from.

The payments have been paid on time since her death last May. I just received a statement from the credit union about a month ago that shows payments are being taken out and applied to the insurance.

I'm not sure who the insurance company actually is through though. The mortgage is through a credit union. I didn't know if submitting a claim when my mother is deceased if that would be insurance fraud. One of the reasons I didn't want to open insurance in my name at this point is because it would have been nice to get around any kind of rate hike, especially if I open the insurance policy and then file a claim shortly after.

Hi everyone,

My mother passed away last May and since then I have been living in the home. I am paying her mortgage and am going through the Probate process right now. The house will be transferred to my name. I have questions regarding an insurance claim I want to file.

Within the mortage's Escrow account I pay taxes and home insurance as part of the mortgage. When the house transfers to my name, am I able to make an insurance claim if I am not on the mortgage? The mortgage is a second mortgage with not very much left to be paid.

Do I have to get own home owners insurance to file a claim?

Could anyone provide me with any insight in this matter? If you need any more information, please ask.

Thanks!