Zoning is next to impossible without some deep pockets to support attorney fees to fight zoning boards.

Hey Ryan, the property is great shape, hardwoods covered by carpet, newer windows etc. the house is full of stuff from the previous owner so as long as there's no crazy unexpected issues, it needs a deep clean and paint.

I'd have to pick a property up at deep deep discounts just for the brain damage of learning a new market and due diligence required.OTH, if you are a subsidiary of GE Capital and can buy 15 properties in an area, that changes things, I assume you're not in that position.Good luck!

Not sure what your financial situation is, but I can't foresee even a guy with deep pockets having much staying power running business that way.Not to mention there will probably not be significant return on your cash invested after debt service, expenses, and splitting the net 50/50.I think a better option is to partner with people who have money in their retirement accounts and use those funds to acquire the property.

Keeping it simple also means don't drill down so deep into your vision or make it so grand that you end up showing that you have unreasonable expectations.

Has a very deep community knowledge for your area of interest. 6.

Also, don’t forget, as a licensee, you are deep pockets even if you are poor, because judgments against licensee’s will be paid out of the DRE’s real estate recovery fund.

Not sure as to how you can insulate yourself from this, but my partnerships allow one partner to buy the other out at a deep discount.As Dave Ramsey one said "A partnership is the only ship that doesn't sail."

At the same time a new broker without deep relationships will find a very tough time competing against the larger national firms.  

I was really defeated when I found that information out and kinda lost my spark, but I am working on regaining it back, I have been looking at foreclosures and REO properties, I went and looked at two properties yesterday, I know deep in my heart, if the right deal is there, I WILL make it happen.