All Forum Posts by: Tyler Jenkins

@Oiluj Lopez Congrats on passing the exam. I plan on using my license for my deals as well. My wife has had her license for a while and recently has ton inactive and we are both about to put our license with the same broker and work together on selling.

@James Wise I plan on that as well. I hope to have my license with a broker within the next week or two. I wish I had it right now as I have found a piece of property that I believe a lot of people on this site would buy for a buy and hold unit. I'm actually trying to come up with my money myself to buy. Won't last long around here though.

So, I just passed the Florida RE exam on Friday. Obviously I need to figure out what brokerage to go with but, I am curious as to what you did once you started working under a broker. How did you acquire your first listing or client looking to buy. Just seeing what steps different people took in the beginning as I am about to make that leap myself. I know, I know I can go look at all the postings of how people find buyers and how people market to find people looking to sell with Agents (and I have) but, I was just curious as to what others have done in the beginning. Also let me know if there is anything I can help anyone with in my area. I am very familiar with prices etc. in this area.

So, I've sound a duplex for $41,900 and I think it needs 5-8k worth of work before renting out but, my problem is I don't have the cash to do it. I'm pretty sure it would rent at least $500 per unit. Seem like a great deal but I have not seen the property in person yet.

My question is: What would you do about financing if you only had a less than 3K can to do it with?

I know i'm leaving stuff out feel free to ask questions.

It would be for long term. Basically If I wanted to rent my house out I go to this website and list my house for $20 until I find someone to rent it and then pull my add. It would be for just my region here.

I'm looking at having someone design me a website for people in my local area to list the properties they are trying to rent out on. It would be similar to an VRBO or the likes but just for my local area. They list there house for $10-20 a month til they find someone to rent it and then they pull it.

1st question-Would I need a real Estate License for this?

2nd-I would need to find a web site designer anyone have any recommendations for someone that could do this?

3rd-hasanyonedone this before or is it probably not worth trying with all the bigger sites out there?

I plan on getting mine as well. I have decided which school I'm going to use. I am going to sign up and get the book and access to the online class then decide when I can take the class. May be an option.

Thanks for your help! I'll be calling my CPA today to see what he has to say and my attorney if needed.

We are about to start an llc to start investing in real estate(wholesaling, rehabing, buy and holds). My wife is a REA and will list our houses that we flip in the future. Is this a conflict of interest? Should I just put the LLC in my name? Thank you for your responses ahead of time.

I probably shouldn't have mentioned it as a partnership as my partners name will not be on any of the documents. We will have our own agrrement written up but that's it. He will simply hand me over the cash and I will take care of the rest.

If you read my intro you know that I am somewhat new to real estate. I have never “invested” in real estate except for my homestead. I know a bit about real estate as my wife is a realtor. Here’s my question. If you had access to 100-150k (silent partner at %50) to invest, what would you do? I have been looking at building a spec home as well as flipping houses. I would like to build some cash up to eventually buy and hold whether it be single family or multi-family units. Should I start an LLC and do it under that or start doing it in my name? I have a lot to learn on the tax side of things. So what would you do?