I'm not really utilizing the license because all the leads I get I give to my wife who is also an agent.

Until you really understand the numbers, live in the condo, pay down any debt, and save.

You don't want to take on a bunch of debt and be losing money each month.

This week I have been very busy with my rehab projects that I did not have a lot of time to handle this lead.

This should give you tons of the leads you were hoping to locate.

Our office does not use buyer agreements either, so we are exposed to that risk of spending a lot of time with a client that turns out to lead nowhere, since the client may choose to purchase with someone elseThey way our office tries to deal with this is by getting exclusive listings, so the buyer would HAVE to buy through us if he really wanted the property and we have agreements with the seller that even if the seller deals directly with the buyer we STILL get paid a fee as the exclusive listing agent.

Obviously, I'm not ready to commit a ton of capital, or I wouldn't lead with the word "guess".

You want to find the ones that are, for some reason or another, desperate to sell.Once you get a good lead, you meet with them and figure out their situation.

All of my education will also push me to better deals and more and more success in the future.What people find bad about the "guru" process of finding and prospecting leads, is that they use people's weaknesses to be influenced against them.

Obviously you'll need a lawyer to look over the paperwork.The fun part is that if you are forgiven any debt, this may be reported to the IRS which will consider it income and tax you on it.