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All Forum Posts by: Philip Sigillito

Philip Sigillito has started 3 posts and replied 6 times.

Post: Getting Licensed help

Philip SigillitoPosted
  • South Sioux City, NE
  • Posts 6
  • Votes 0

Hey,

I am looking at different ways to get licensed but I am on a tight budget(i get a stipend because i'm an AmeriCorps volunteer.)

I have been looking at different approved programs through the Nebraska Real-Estate Commission. I know there is only six credit hours but does anyone know of online courses that are high quality?

Also, can someone explain the National standards for getting licensed?

Post: New Guy from Sioux City, Iowa

Philip SigillitoPosted
  • South Sioux City, NE
  • Posts 6
  • Votes 0

Brandon Turner Actually yea, the follow up idea sounds really great! I've only been on biggerpockets for awhile but the community engagement is pretty rad.

The community here seems more business oriented than most so it might not work as well but I enjoy there being a chat stream while the podcast is being recorded. I think it gives people a sense of ownership and involvement, especially when the podcasters check on the chat feed and make reference to it.

One thing that i've seen only a few podcasts do is a link dump along with the podcast where there is a list of links to the different things (books, articles,products) that the podcast talks about. You can even display images and links on an iphone or android that are synced and change as the podcasters change subject.

Post: New Guy from Sioux City, Iowa

Philip SigillitoPosted
  • South Sioux City, NE
  • Posts 6
  • Votes 0

Thanks everyone,

I really appreciate the warm invitation and will be reading those recommendations. I've been listening to the podcast during lunch and while running.

Brandon Turner have y'all ever considered doing a livecast so that people can participate more in the podcasts? It seems like a lot of forward looking shows are adopting the format. Regardless, I really enjoy the podcast!

Thanks for making such a powerful resource!

Wow thanks for all the responses! Specifically in response to scott, if the first house that I buy it is a duplex and I rent out the other half would I be able to get a homeowner exception? Im guessing each state is a little different.

also, though it is always complicated, what is the general attitude towards going this route and owning a duplex instead of a single family home as one's first house? I figure I would have a place to stay and have someone else pay for the mortgage. It seems most duplexes sell at around the same price as single family so I would not have to save much more for a 20% mortgage.

Thanks

Hi,

Im wondering what more experienced investors have found to be costs that they just did not realize were more important then they treated them when starting out.

Also, I understand the idea of "closing costs" but I am wondering what exactly is included in them. How could one cut down on closing costs, or is this question entirely off base?

Post: New Guy from Sioux City, Iowa

Philip SigillitoPosted
  • South Sioux City, NE
  • Posts 6
  • Votes 0

Hi,

My names Philip Sigillito and I guess I kinda lied in the title. I'm technically from South Sioux City Nebraska but that is harder to explain. I'm an AmeriCorps VISTA volunteer feeling out what I would like to do after my service. I am currently working with the city on some of its housing programs which has led me to obsessing over real estate investment.

I would like to work hard and make alot of money. Right now I am making a poverty level stipend and Im on food stamps. I would like to take this year of time to fully understand real estate investing so that I could hit the ground running.

Right now I feel like I know just enough information to be dangerous! I am looking into getting licensed as a real estate agent in Nebraska and possibly creating a company to start my investing.

Buy and hold investing as well as investing in liens interest me.

I would appreciate advice from anyone about how they built up from nothing, started a business to operate their investments through, and how they made themselves appealing to banks especially if they had almost no capital and a short credit history. I read the beginners guide but any other things you think I should rad would be great. Im not terribly interested in get rich quick programs or "12 easy steps to being financially independent" programs. I am really looking for practical real advice.

Thanks so much,

Phil