All Forum Posts by: Tim L.

Hey guys, missed this one, but interested in attending others. How many people typically attend?

Same as @Wayne Brooks, about 40 minutes.  It was a lot easier than the sample questions I was studying from.  Good luck!

While Jeremy Pakalka is correct, I think the biggest reason to get your license is to save money by not having to pay a realtor's commission on your side of the deals. I've only been doing 1 deal per year for myself (and about 4-5 for friends/family) and I more than make up the costs to keep my license. I bought my 2nd property this year, made ~$5k commission there, listed my first property for rent, saved $750 there. The savings add up. And I'm just a small time investor getting started. Consider myself in the camp that says if you're serious about real estate investing, it would be silly not to get your license.

Like others have said, do most of your analysis by researching online first, then narrow it down to your favorites and go see those. If you're thinking of viewing anywhere close to that amount of properties, i would suggest to get your real estate license and do it on your own time. That's what I did, and now I've been going around to all the new listings and determining what I think it will sell for. I do it primarily for practice, but it helps tremendously when I represent a buyer since I will have already previewed most of the properties on the market.

This was my first webinar with BP, and coincidentally, I watched it while at work. I found it to be very informative and helpful towards my goals. I never knew about the deal calculator function on this site. I will be using the heck out of that thing now.

Jerry R. Welcome to the site. Best of luck to you!

I think you're right. It is a crazy idea. Im not saying it won't work or our shouldn't do it, but there's nothing a random stranger like myself can say to help. Best of luck!

I would also say to start the eviction process, since it sounds like they don't intend on giving you any more money, and probably leaving the place a mess. It's best to get in front of this now.

You'll hear this a lot, but interview as many as you can and try to pick out the key differences that will matter to YOU. Do you think paying desk fees is important? How about advertising fees? Mandatory office time? Each place will have slightly different philosophies in regards to this. Taking the time to think about what is most important to you will make all the difference. I interviewed the top 5 brokers in my area and then made my decision. I wish I could say I made the most informed decision at the time, but honestly I think I really made the right guess. I ended up going with the place that didn't require me to come in to the office since I have another full time job. But after working on a few deals and getting a feel for the company, I know I made the right decision.

John Casmon , since these were my first two deals, almost every part of this was a learning experience. But I learned that having active, constant communication with the other side of the deal is so important, especially for the purchase. I'm not saying I would hound the other agent every day, but I would typically call each Monday morning just to check in and make sure we are still proceeding as scheduled. This helped in making sure we closed on time. Aside from that, I realized how important it is to have a good team on your side. I already had a mortgage broker that I used before, but having a good inspector, appraiser, etc. is definitely recommended in order to portray yourself as a valuable asset to your client. I'm still working on this. The rental was much easier, even though we got into a multiple offer situation despite the unit only being on the market 1 day (it was a great deal). I like to think I pleaded the case for my client very well, and that's what got us the nod over the other offer. But who knows? Maybe I just got lucky. Thanks everyone for the kind words. I'm having a blast.