All Forum Posts by: Account Closed

1. Take a good review course.
2. Set the exam time in advance and schedule the exam 1-2 days after the review course completion. (1-2 days to study for the test)
3. If you fail the exam retake it as soon as possible.

It is something: price or some other factor. If it was me I would do some homework and find the most active agents in the area (take a drive around and look at yard signs or something) Set up appts with 2-3 of them and tell them you're considering changing agents and want to interview them. Tell them in advance what's been happening and any concerns about prop and your thoughts about why it's not selling. Tell them you want them to be "brutally honest" with you and you want it sold quickly and their pricing recommendations must not be inflated to get the deal. See what they recommend. It's probably price but there could be some other things that they would recommend that would help you get it sold quickly.

@Account Closed Thanks for answering that question. I was wondering if there is a way to analyze absorbtion for different areas of town or zipcodes through mls?? I guess the result would give you the hottest areas of town.

I think that you should start smaller...with a "plex" property or something" You sound like a smart guy but everyone makes mistakes (especially in the beginning) and I'd rather make a mistake on a small prop rather than a large one. Just my .02

@David Jiang Contratulations on your first deal. I think that the first is always the hardest. All the things you have to learn to make prudent decisions and connections made to get to the finish line. Now that you've done this you KNOW you can repeat. Great Job.

In Austin we use Actris (we have fusion too) for MLS. I really love actris and think it's a fantastic program. It does the job well and has a lot of bells and whistles and you're able to use a lot of shortcuts/etc. to do things very quickly if you want.

Is it a problem to rent with the bad neighbors? Are there frequent problems because of them? If so, I'd probably sell the property. If you decide you can live with the neighbors and rerent you definately to hire a new property management company...or manage it yourself. To find a good prop mgt compamy go to local realtor investment meetups and as for referrals. Hope this helps...

I agree with the comments above but I think you should examine why you need the license for investing. In my opinion, the only reason why you really need a license is if you want to buy mls props and want to keep your own commission from them or if you want to represent other investors in buying props.

In my area if you want MLS access then you can get that by becoming another brokers assistant for a minimal fee. If you want to list/sell your own props through the mls there are several places that will list your prop on the mls for a few hundred dollars.

Since you already have taken some action and passed your test I assume you have a good reason to get your license. If it was me I would initially join a large company like Keller Williams for for their new agent training, It's not free but it will give you the basic knowledge you need to get started and then look for a small brokerage that is investor friendly. To find one I would search google for "investment realtors" in your area to find some brokers through local real estate meetups who specialize in this area and won't be scared by this. Traditional realtors and brokers will know very little about the investment side and creative financing methods so you'll have to find someone who will go along with you. If you want to buy investment properties and keep commission you'll have to negotiate that in advance with them or else they will want you to pay them for their split of commission.

Hope it helps...

Hi Karen. Were you able to search properties using the link David provided? Does this only work for Washington DC?

Welcome Jeremy. Looks like you're on the right track. In "hotter" areas you really do have to move fast. I don't know how you're doing your search (through a realtor or not) but you can set up a search in the Austin MLS and it will automatically email you when a property that meets your criteria comes onto the market. I'd be happy to do that for you if you'd like. If you know the area that you want to move into a bit then you'll be ready to move when a good deal goes onto the market.