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All Forum Posts by: Ryan Moye

Ryan Moye has started 3 posts and replied 7 times.

Post: Should Real Estate Agents Start a Business?

Ryan MoyePosted
  • Real Estate Agent
  • Corbin, KY
  • Posts 7
  • Votes 3

@Spence Kal

Both. Building a business that can build strong brand awareness outside of the persons own identity.

Post: Should Real Estate Agents Start a Business?

Ryan MoyePosted
  • Real Estate Agent
  • Corbin, KY
  • Posts 7
  • Votes 3

Hello everyone, I'm coming close to being licensed as an agent and I've been thinking a lot about establishing my brand in my local market. I've been considering establishing a business and creating a website around that brand to funnel my leads. However, when I look at other agents in my area these are the trends I'm seeing:

Don't seem to have an established brand - most of them don't seem to have their own website. Many of them seem to just use their profile page on their brokers website as their "website". To me this just seems lazy and makes it hard to establish a solid brand around yourself. Again I'm new to the business so I'm just wondering how higher performing agents go about this.

Don't seem to have a solid business - I don't know the legalities of establishing a business as an agent, but to me this just seems like a no brainer. Other agents in my area don't seem to be doing this (but it is a small town). How should agents do this? The few I seeing doing it just make their business their name. For example: if Jon Doe in my area had a brand and a business website it would look something like:

Business name: Jon Doe LLC

Website: JonDoe.com

I'm wondering if this is sufficient. Some people just use their name as their brand, but would it also be expectable to operate under a brand name like example "Elite Realty". What do you think works best for establishing your brand and marketing your business?

Excuse me if anything I say seems very misinformed, because I'm just getting into this myself. However I do come from a marketing background and I know that establishing brands and authority in markets is very valuable. I'm just wondering how the best way to do this as an agent would be. I appreciate any advice someone could offer me on this matter.

    Post: Need Help with My First Wholesale Deal

    Ryan MoyePosted
    • Real Estate Agent
    • Corbin, KY
    • Posts 7
    • Votes 3

    @Matthew Berry

    In this case he is selling it for less than he owes, so how is it not a good wholesale for me? If the seller agrees to sell for 50k and he’s the one paying the mortgage then the buyer would be getting a 120k home at a steep discount.

    Post: Need Help with My First Wholesale Deal

    Ryan MoyePosted
    • Real Estate Agent
    • Corbin, KY
    • Posts 7
    • Votes 3

    I thought in your previous comment you mentioned that the buyer had to pay off all the liens. So is it usually the buyer or seller that pays the mortgage at closing? Or is this just commonly negotiated?

    Post: Need Help with My First Wholesale Deal

    Ryan MoyePosted
    • Real Estate Agent
    • Corbin, KY
    • Posts 7
    • Votes 3

    Okay I think I understand. I wasn't sure how mortgages worked in the situation of a wholesale deal. So what you're saying is if he still owes the bank 105k and he's selling it for 50k then the investor would have to assume his debt and pay 155k. Which wouldn't be a good deal at all considering that's more than the house is worth.

    Post: Need Help with My First Wholesale Deal

    Ryan MoyePosted
    • Real Estate Agent
    • Corbin, KY
    • Posts 7
    • Votes 3

    I have found a property that the owner is looking to sell. The home is in fantastic shape and shouldn't need any work remolding. The owner is just getting old and wants to downsize his portfolio. He has a VA loan on the house and I'm not sure if it makes any difference. $105,000 is still owed on his loan. He wants $50,000 for the house. Full value of the house is probably around 120k-130k.

    Do these numbers work out? I'm brand new to wholesaling and I'm not sure. Will the buyer have to assume the loan? Is that going to be a factor, or does it not matter how much is owed if the seller if offering the house for 50k?


    I appreciate any help.

    Post: How Can I Learn Wholesale Real Estate?

    Ryan MoyePosted
    • Real Estate Agent
    • Corbin, KY
    • Posts 7
    • Votes 3

    Hello, my name is Ryan and I'm new to the world of real estate. I'm really interested in wholesaling and I've read up on it a lot online. I know the general concepts already so I don't need a refresh on that. I'm just really wondering how to get started. I would love if there was a course out there that had a good step by step system that I could follow to get into the business of wholesaling. There seems to be a lot of moving parts in this business and I really don't want to go into it blind. Please if you have any advice on good courses are guides to take for real estate wholesaling let me know so I can start learning.