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All Forum Posts by: Stephanie Dobbs

Stephanie Dobbs has started 23 posts and replied 229 times.

Post: Backing out of a wholesale deal?

Stephanie DobbsPosted
  • Real Estate Broker
  • Bowie, MD
  • Posts 242
  • Votes 44

You received some valuable information from the two investors that posted before me! I learn a great deal of information from the podcasts too. The guests (as well as the hosts) provide great insight and key tips from their own experiences, and I "cheat" by looking at the titles and summary to see if the information within the podcast is related to where my questions lie. Don't cheat yourself though, every podcast held valuable information, tools and 'secrets' that I learned a lot from, and some indicated information that I wouldn't expect based on the title itself. BP holds a lot of information, and you are wise to ask questions and to leave comments on this forum! Best of hope to you!

Stephanie Dobbs

Post: Hot property in Upper Marlboro Maryland

Stephanie DobbsPosted
  • Real Estate Broker
  • Bowie, MD
  • Posts 242
  • Votes 44

Hi Terrell,

Would you consider a joint venture; I know a couple of investors that operate within this area. You can email me at [email protected], so I am not breaking any BP rules.

Stephanie Dobbs

Post: Passed Maryland Real Estate Exam

Stephanie DobbsPosted
  • Real Estate Broker
  • Bowie, MD
  • Posts 242
  • Votes 44

Congratulations!!! I'll be taking the test next week and then the state board the week after...what study materials did you find helpful?

I plan on working with Exit Bennett Realty.

Stephanie

Post: Newbie from Maryland

Stephanie DobbsPosted
  • Real Estate Broker
  • Bowie, MD
  • Posts 242
  • Votes 44

Hi Edward and welcome to the BP family! There is tons of information on this site and many of useful resources, not to mention the possibility of partnerships! I mainly make use of the forums and podcasts. Happy learning!

Stephanie Dobbs

Post: Beginner Real Estate Investor From Orlando

Stephanie DobbsPosted
  • Real Estate Broker
  • Bowie, MD
  • Posts 242
  • Votes 44
Originally posted by @Ivan Lopez:

@Stephanie Dobbs Thank you for the warm welcome. Over the years I've maintained my real estate license but in not looking at becoming an agent again. 

Awesome! Learning about the various ways investors operate and think will prove profitable while being an agent, as most agents don't work well with investors. If you learn a lot, you could definitely build your buyers' list and create your own niche.

Post: Beginner Real Estate Investor From Orlando

Stephanie DobbsPosted
  • Real Estate Broker
  • Bowie, MD
  • Posts 242
  • Votes 44

Wow! Welcome to the BP community! I would definitely suggest diving back to real estate having that sales experience under your belt (having been a real estate agent before). Are you hoping to develop or become an agent again? Either way, knowing about BP is a great resource! Happy learning, investing, and selling! Hope to see you hitting hard in the game soon.

Post: Investor from Virginia DC Metro Area

Stephanie DobbsPosted
  • Real Estate Broker
  • Bowie, MD
  • Posts 242
  • Votes 44

Welcome to BP!!! We are so glad to have you and your experience! I'm sure you'll be an asset when it comes to questions involving building, and there is so much to learn on BP as well. I'm itching to take the leap too, as far as leaving my job, but I'm taking it one step at a time. Happy learning!

Post: Real Estate Agent 2nd Time Around...Help

Stephanie DobbsPosted
  • Real Estate Broker
  • Bowie, MD
  • Posts 242
  • Votes 44

thanks so much! Georgetown University is very exciting and offers great opportunity and networking to its students.

Post: Brokers against Wholesaling & Lease Options. Why are you?

Stephanie DobbsPosted
  • Real Estate Broker
  • Bowie, MD
  • Posts 242
  • Votes 44
Originally posted by @Brian Gibbons:

@Stephanie Dobbs

That was well said! When you buy something as a principal has nothing to do with the brokerage. It's important to get a statement if you're going to do a principal deal and you're the principal buyer or lesse or optionee or vendee but there's no money do the brokerage because you're not acting as a fiduciary agent and you are acting as a for-profit business person

Thanks!! Exactly!

Post: Brokers against Wholesaling & Lease Options. Why are you?

Stephanie DobbsPosted
  • Real Estate Broker
  • Bowie, MD
  • Posts 242
  • Votes 44
Originally posted by @Jerome Harrod II:

"We don't allow our agents to perform assignments of contracts or participate in sub-leases in creative financing because it's a huge liability without much return to the agent and company to justify the risk."

 So what I don't understand is, brokers are stating that they don't support creative financing because of the risks and whatnot, but yet, it's covered within the real estate pre-licensing course. The first thing I did when I sat down with a brokerage firm was explain my expectations...I plan to invest, I plan to use creative financing, because there is a huge market we are leaving out by not implementing it, and I plan to specialize in win-win solutions (again using creative financing)... if the brokerage could not agree and support my objectives, I would not agree to align myself with a brokerage that I will be paying some of my income yet subjecting myself to lose money due to abiding by their scared rules. Remember you are interviewing them just as much as they are interviewing you. Happy learning, living and investing!

Stephanie