Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Hey Josh,Congrats on your success as an agent and wanting to dive deeper into the investing side of real estate!

@Riley Yourdon make sure you put in your purchase contract that you will get the leases and rent ledgers BEFORE closing so you can review them.At closing you'll want to require that you get the tenant names, phone & email.There is this thing called fraud when it comes to leases & ledgers, so discuss reps & warranties with your agent.

What are ways I can learn and experience being a real estate agent at 16 years old?

I've been working with an agent and am hoping to hit the ground running on a few possible properties we put offers in on.

But, we could possibly connect you with a good agent in the area if you don’t already have one.Also, if you have any questions about house hacking or investing in general, please feel free to reach out and DM me.Good luck! 

I have seen some rely on cap rates based on community/area, but how safe is that for both the buyer and the seller in agreeing on the sale price?

Hello, I have a buyer interested in my property that I have had for almost 2 year that is not cash flowing and I am losing money on ($200-300/month easy).

The W-7 form may look easy to complete, but we highly recommend finding a certified agent to handle it.

However, when you pull up the current market, you see that nothing comparable has sold in the past 6 months, and that the currently listed properties have been on market for far too long, meaning this is an area where there are no buyers, no appetite for these homes.