Full time educator that runs her other real estate school- Brokerage has own app where we store training videos and guest speakers from our events- Mentoring program for new agents to shadow experienced agent- Brokerage creates template personal site for me- 2 education classes/month via Zoom- 1 Sales meeting/month for education & motivation- 1 meeting/month on technology use, a staff member that deals with IT needs- 70/30 Split- $355 Annual Office desk due- 2% Transaction fee- No lead production, produce own leads, repeat & referral- 223 current & pending listings- Have had new agents close 20 homes in first year and other only 6 homes; variesBrokerage C:- This is Keller Williams, so probably pretty standard and y'all are familiar with them, I'm sure- Within my region: Own 12% of all inventory; 600 to 900 active listings and closed just under 3,500 homes last yearBrokerage D:- 21 agents in local office- Momentum Program for training- 95% commission paid on a transaction, fees included but you choose how much you want to spend (private office/shared office/WFH office,- Brokerage does not provide leads but can obtain leads from sister brokerage, no cost- Currently 82 listings, 50 active, states it is currently a seller's market- Goal is to sell at least $2,000,000 per year- Average sale price for last 90 days (8 properties) is $260,400Brokerage E:- Training videos available- Weekly sales meetings- Ninja sales training 2-3/month with Q/A's- Offer a one-on-one mentorship program for new agents- Mentor and I would split commission 50/50 first couple of transactions or when I'm ready to go solo- Lesser degree mentorship for 75/25 commission- $46.50/month Brokerage fees Plus $25/month on E's&O's- Own website on brokerage webpage for $10/month- 70/30 Commission split; 95/5 for sale milestones- Once you pass $5M in sales, you're still on 70/30 split until you pay out brokerage $20,000, which in turn split becomes 95/5- 3% broker fee each transaction with $3,000 cap- Can provide leads by signing and paying up for different things (ICC/OPCity/Buyside)- 255 active listingsBrokerage F:- Extensive 6 week onboarding process for training- No monthly fees; biz cards/signs/lockboxes/marketing all paid for- Provides leads- 2 CRMs that hold database of your clients- Usually 100 listings at any given time, lower now because of Covid- Minimal standard to remain with company is 24/year.

@Daniel Hankins--I'm right on board up until it says "Sorry for formatting errors from pasting from google drive".I love and agree with the positive, git-er-done theme of that first part.  

However, how can I convince the bank and a partner to get on board when I have no experience?

Your spouse definitely needs to be on board.

My Girlfriend is on board (although it took some time) and it makes a world of difference

I want to bring her onboard and am currently working on the details of that.

We also have own a condo in the Bay Area with some equity and have decent 401k and 6 month emergency savings.Here is our plan (and his parents are on board 100% with this) and what I have found in my research so far- tell me what you think. 1) Their mortgage is not assumable so it sounds like the remaining amount would be due on sale.

Short term I would like to househack a multifamily (there are few in Long Island and I need to get my lady on board to live elsewhere in the state to find a 2-4 unit).

But I love my wife, and she is on board with me investing, so my plan and my goals align with our thinking.In closing, while I don't recommend a cash value, you may want to consider an "income goal" per month that can be obtained via a job, real estate, or investments...and then back into that number to see what it would take to get there.

My girlfriend and I plan on moving in together and she is onboard with my newly peaked REI interest.