All Forum Posts by: Wayne Woodson

You all are welcome to come to our meetup group Tennessee Real Estate Investors Meetup

I might know a guy that knows a guy. Do you do any residential building also or just commerical?

I haven't had a chance to catch that one but now I will have to check it out.

@Matthew Henry What avenue of real estate do you want to consider?

If you are looking for low risk you may want to start as a wholesaler. Landlording can be passive or active and being a rehaber is huge money but huge risk.

Welcome to BP @Keith Lowen 

What are you looking to get out of Real Estate Investing?

Is it Passive Income or Active Income?

Short Term Wealth or Long Term Wealth?

Tax Shelter or Tax Deductions?

you mention that you want to quite working for the man so how much monthly do you need to have coming in so you can do that?

Anyone have any advice on getting listings as a new agent. Right now I primarily deal with buyers but I want to transition to listings ASAP! I learned very quickly that dealing with buyers is a pain in the you know what so any advice would be useful, thanks.

Nashville

...just saying

Here is the info on Montelongo

www.johntreed.com/Reedgururating.html#ancho...

and 

Carlton Sheets

www.johntreed.com/Reedgururating.html#ancho...

Apparently Armando’s brother David Montelongo and his wife Melina filed Chapter 7 (total liquidation) bankruptcy in May 2013 claiming $31,000 in assets and debts of $600,000. The bankruptcy petition said they own no real estate and live in rented apartment.

Among other troubles the Montelongo brothers were in litigation against each other.

How many of you guys want to learn how to flip houses from guys that own no Real Estate and have $31k in assets? I also have some ocean front properties in Tennessee I will sell to you.

I have experienced this first hand and yes most Brokers and Agents are bias against part time agents anyone who tells you different is a lair. From a business standpoint I think it is very stupid and foolish because most agents start off part time. 

So imagine being unemployed and living on unemployment then forking over $1,800 to $2,000 to get your license THEN having to pay out $200 a month for desk fee's MLS access and more. And people wonder why most Real Estate Agents either quit or go Broke.

I have also heard horror stories from other part time agents at these large first being given the run around. Other agents abusing them and even other agents cutting them out of deals and/or taking their clients. My advise is to go with a local mom and pop broker and stay away from the large firms as a part timer. Yea they may not have the education or marketing mussel as the big guys but that what the library and internet is for. Also you may find the commission split to be higher as well ; )