All Forum Posts by: Taylor J.

@Jim Cummings Yes, she has passed her tests.  Now she is just evaluating her next steps. Thank you for the suggestions!

@Joel Owens Our well being will not at all be dependent on her real estate sales if that is what you are asking.  She would most likely do residential along with our own investments and keep it simple like you said.  As a broker though, what advice would you give her in choosing a sponsor broker for what she is trying to do?  I have heard from quite a few people suggesting to start with Keller Williams because they have a great training program.

@Joel Owens I originally convinced her to get her license for buying our personal investment properties.  (We have been averaging about 5 a year.) I think she has grown to enjoy everything about real estate so I think she will want to do more than just our personal properties.

@Theresa Harris I am impressed that you read through all of that!  Thank you for taking the time.  It seems like the consensus is I made a big mistake by not including specifics regarding security deposits and rent in the contract.  

@Tyler Austin I didn't buy an apartment complex, but over the past year and a half I have picked up 23 units.  Mostly duplex and four plex.  I haven't been able to find the deal I'm looking for on an apartment just yet.

@Michael Pittman I apologize as I am going through my followed threads that I am just now seeing this question.  I am still playing.  I spent the last 2 years in Japan playing.  This year I was set to play back here in the states but that has obviously been a different story with Covid.

@Tyler Austin I didn't end up purchasing an apartment, but I have been picking up quite a few duplexes and 4 plexes as they have popped up in my target area.  I would rather buy an apartment but I just haven't come across the right deal yet.

My wife just passed her Texas Real Estate exam.  What advice if any would you give her for getting started? Anything in particular she should be looking for in selecting a sponsor broker? 

@Marc Winter Thank you for your response.  I will definitely include the estoppel letter on my next deal.  I should have been smarter on this deal.  I had done 6-7 deals before this one without issue, but I guess all it takes is one to burn you.

@John Warren Good information to know.  I have a real estate attorney but decided to just move on, as it is not worth my time or money to pursue any further action. The purpose of this post isn’t to get info on how to go after the guy or me complaining.  I am just trying to learn from my mistakes.

The properties are absolutely rundown, but like I said, I got them at a good price and they will cash flow well once I get things running. Also theses are 4 separate properties, so these issues are spread out between them, not all one property.