I figured that getting my license and working in an agency with successful sales people will give me a wealth of knowledge as well as earn the opportunity to get income through my sales skills (spent time as a financial advisor for Prudential Financial, I also had stints in sales with AFLAC).If you can, I would love some awesome feedback on everything from: *What I need to know about working with a brokerage firm (membership dues, office politics, commission splits, location, size, etc)*How I should start investigating my market,*What kind of time and money I should be prepared to invest to get results in real estate sales,*Tips on getting into the commercial sector,And anything in between!

As for Groundfloor, we would probably need to grow the company by 10X or more in order to achieve an exit via an acquisition, and probably by 50X or more in order to list our shares successfully on a public exchange (via an IPO).

Just don't go buying in the rural parts of the state and you'll be fine.If anything, higher average income paired with increasing desire to rent is a recipe for a successful buy and hold.Taxes will be paid for by the remnant rent.

But to me the best way to find a great successful commercial project is to build one.

Anyone have success/pain points in Compton that can share?

it works.. you put up 2500.00 deposit to bid.. if you are the successful bidder EM is usually 3 to 10k per property.. then its a normal escrow.although sales are as is.. so make sure before you put up your EM and bid deposit that your sure you want to buy it.I would say 95%of the deals are pretty much retail.. and about 5% are decent deals .. so you really have to watch it and scour the site to make a decent score.

I haven't been very successful finding good prospects, I even had to evict my recent tenant.We're not getting a lot of applicants, and the few who apply have really bad credit scores.

Again, I have done 3 of these deals before and repositioned successfully!

I've already gathered a list of regional banks and am ready to call their lending departments but I thought before I do I might as well see if anyone on BP has a reference that they have worked with before with success.

I would rather have the option to quit my job based on my success in RE, if that makes sense.