All Forum Posts by: Shane Short

 This is awesome information! Thank you so much for your reply! 

    @Desreal Shorts From a Short to a Shorts, Congrats on seeking out your Real Estate License! Honestly, I wouldn't even look at California Real Estate if you're moving to Florida. I just recently received my license and I will consider myself extremely lucky if I sell a home in the next 6 months, by the time you get networked there you'll be moving again. Just focus on preparing a network in Florida while in Cali. It's all Networking, and it tree branches from there. Every person you do a good job for will recommend you to 2 more people and so forth. It takes a while to build a good steady income with Real Estate unless you are already very well networked in the area you are in.

    As far as resources, this is what I did, and I'm not at all saying this is the best way, but it worked for my brain lol. I used OnlineED for the required Class hours, and then I paid 10/mo. for the 'Real Estate for Dummies' application. I let the OnlineEd run in the background and studied through the dummies application. The services like OnlineEd have fantastic information but they try to fill the required mandatory hours and it's like reading an encyclopedia. EXCEPT  when it comes to State information, use OnlineEd. the dummies application covers federal law, but they don't cover the few individual state laws, but they will direct you in their sections to look up your state law regarding specific items. Also, use Quizlet, there are tons of great flashcards people have put up on there.

    The Federal Exam is very straight forward, I thought it was easier then it was made out to be. The State Portion I failed the first time because I didn't know the super state-specific laws for recordkeeping so pay close attention to that. 

You're going to do so awesome, just stay positive and keep grinding. I'm not trying to be negative, but I would highly recommend getting a job in the meantime, and then making a transition into Real Estate. A savings is so valuable to have, and can be used for so many great REI opportunites. Getting started in Real Estate is going to push you back 3k, and you're going to have to live off your savings for a year or so before you have a comfortable income if you grind hard. I'm not at all trying to deter you, It's an awesome industry, and there are so many happy people that have taken this step, I just think it takes longer than people expect. Even an early morning gig at a coffee shop that you can live off, then grind on networking during the afternoon and attending Networking events in the evening would be great. Reach out to some bigger brokerage companies in the area you plan on moving to. Plenty of brokers will sign on people that are getting their license and provide meetings, tools, encouragement etc. I don't know if I would have gotten my license without my Principal Broker emailing me 2 or 3 times a week with encouragement and giving me the tools he did.

    I wish you the best of luck, I'm very excited to see your success stories on here. Keep us updated! Ask us any questions you have. You're welcome to reach out to me for anything.

Regards,

@Akeem Moreno No problem man! I look forward to hearing about whatever route you take!

@Lien Vuong that’s awesome, I will definitely ask my principal broker about that to see what our company has to offer in that manner. Thanks!

@Lien Vuong thanks for the reply! When you say joining a team for added mentorship and guidance, do you mean a different brokerage company? Or do you mean like teaming up with another broker and splitting the commission?

@Henry Lazerow I appreciate the input! That's kind of what I figured. It's good to know I'm not missing out on tons of leads lol. I've been going to some events, I just need to make my self go weekly and really start communicating and networking.

Hello everyone! 

I'm newer to the Real Estate Broker side of things, and I wanted to see what other Broker's opinions are. I see a lot of ads from brokerage companies that offer their Broker's leads. They say they have cold callers, and marketing firms that generate them leads that they provide their Brokers "More than they can handle." Sounds too good to be true... The current company I'm with does not do this at all, and I'm curious if I should be looking to make a move to a company that does? 

I've only been in the Portland area for ~3 years, so my network is still very small, which makes finding Real Estate to sell very difficult. Are the companies that are offering all these leads real, or do you think they just have hidden motives? The people I work with right now are fantastic, I'm very grateful to have them. But I would definitely love to have leads... 

Regards,

Honestly, I know that Craigslist gets a bad rap, but I love it. For most people I know, including my self, that was the first place we went when looking to rent a place. Anytime I've had to rent a place out I've gotten immediate phone calls from craigslist and they were always awesome tenants. Some became life long friends!

Regards,

Good Evening @Andreas W.! 

    I would absolutely get it posted up now. If you don't have pictures from the last time it was posted, you could give a 24 hour notice for some pictures of the place currently. A lot of people like to prepare in advance for their move. If I was looking for a place July 1st, I'd be beginning my search end of May. 

    In addition, I think as long as you provide a 24 hour notice, there isn't any reason you couldn't show the unit to 1 or 2 serious and interested parties in advance. When I lived in apartments, and they were trying to sell the property, I would always have notices to "Inspect" the property and show it to potential buyers. I'm assuming this isn't a large 24 unit complex. I would just reach out to the current tenant and let them know you would like to put the property up to rent July 1st, ask what a convenient time of day is for these inspections (since they may work nights and sleep during the day), and just plan accordingly.

Regards,

@Danielle Leahy Absolutely! I'm so glad I was able to help! Don't be afraid to hit the "Vote" button on posts you like, it helps us stand out and let's people know if our information is valid, helpful, and trustworthy :) 

First post on BP?! Post a lot! Letting us help you helps us. The Roman Philosopher Seneca said, "As we teach, we learn."Teaching someone is literally the best way to learn something, whether it's helping you analyze deals, talking about financing options, networking etc. I'd recommend taking anything you learn and try teaching it to someone you know for fun. It makes it solid. 

It's an easy industry to get side tracked in. There are SO many fun avenues available lol. And it always seems like the grass is greener on the other side no matter what side you're on, Flips, Buy and Holds, Wholesaling, Options, etc. but there are crazy success stories in all of them. 

I would highly recommend @Brandon Turner's "The Book on Rental Property Investing". If I could only have 1 book to read before investing in Real Estate, that would be the one I'd want. It prepares you from start to finish, helps you develop a solid game plan, discusses financing options, team building, etc. and if you buy it on kindle you get the audio version for free which makes it even easier to read. Plus he writes it like a normal guy and not an English Professor, so it's a fun read. It really helps to keep you on a path and not get sidetracked. If you read a chapter or so a day you could have it done in like 2 weeks and it will literally change the entire way you go about doing Real Estate and potentially save you thousands and make you millions in the end. 

Anyways, I'm done ranting lol. I wish you the best of luck! I hope to see you around the forums!

Regards,