Anthoney Hanks
Finally Have First BRRRR on the market
22 April 2020 | 9 replies
But finally able to say I reach a milestone.
Lior Golan
Building permit before acquisition
11 April 2020 | 4 replies
Or, is the bldg permit a milestone trigger for the lender to release more funding and you want it released before closing instead of after?
Andres G.
Where are you now?! Motivation Friday!
4 March 2020 | 5 replies
What accomplishments and milestones you have noticed that pushed you to the next level?
Michael Gabin
150k ready to invest. Where should I start?
6 April 2020 | 28 replies
Maybe your WHY is to spend more time with family and friends and it will take $X/ month to get you there... now you can break that goal up into milestones.3.
Richard Mur
Choosing My Brokerage; Caveats VS Positive Nuances
14 June 2020 | 1 reply
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.
Negar P.
How to deal with an unfriendly neighbor?
10 May 2020 | 3 replies
That's a huge milestone that will be remembered for the rest of your life!
David de Luna
Planning out the Rehab Draws
8 May 2020 | 2 replies
If various parts of the job require permits then lining up milestones with passing the inspection and final permits can be helpful because it's a clear yes/no on whether that's been achieved.
Matt Byrne
Question on Competition
10 May 2020 | 7 replies
That's a milestone that I can't wait to get to, whenever that may be haha.
Joshua Dorkin
BiggerPockets Blog Content is Now Syndicated by Money Magazine
24 June 2014 | 5 replies
I thought I'd share another cool milestone for BiggerPockets -- a syndication relationship with Money Magazine (Time Inc).
Teresa Keith
My First Rehab Project, Do I need Permits?
10 May 2014 | 13 replies
I would hate to see you put in brand new copper piping and have it all stolen overnight.One of our major milestones is to secure the premise.