Renters shouldn't be allowed to be Realtors. Owning a home should be a requirement...
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
Renters shouldn't be allowed to be Realtors. Owning a home should be a requirement...
Most Popular Reply
Severna Park, MD · Member since 2013 · 7k+ posts · 7k+ votes
2yUsing that logic , maybe we should go back to only land owners can vote .
Depending on the cost of living in the area , that could mean the agent has to live in a million dollar house .
If they get divorced and their spouse gets the house and all they can afford is a small rental , do they give up their license ?
61 Replies
- Rental Property Investor · North Palm Beach, FL · Member since 2018 · 2k+ posts · 1k+ votes2y
What happens if the Realtor focuses strictly on rentals? Who would know that market better than anyone?
- Severna Park, MD · Member since 2013 · 7k+ posts · 7k+ votes2y
Using that logic , maybe we should go back to only land owners can vote .
Depending on the cost of living in the area , that could mean the agent has to live in a million dollar house .
If they get divorced and their spouse gets the house and all they can afford is a small rental , do they give up their license ?
- 2yBruce WoodruffPro MemberContractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
Quote from @Matthew Paul:
Using that logic , maybe we should go back to only land owners can vote .
When can we start that?
- Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes2y
Quote from @Charles Carillo:
What happens if the Realtor focuses strictly on rentals? Who would know that market better than anyone?
Like representing tenants? That's one way to ensure they wouldn't be able to afford a house of their own lol.
- Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes2y
Quote from @Bruce Woodruff:
Quote from @Matthew Paul:
Using that logic , maybe we should go back to only land owners can vote .
When can we start that?
Seriously tho.
- Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes2y
Quote from @Bruce Woodruff:
Quote from @Matthew Paul:
Using that logic , maybe we should go back to only land owners can vote .
When can we start that?
Do I get a vote for each property I own?
District Invest Group545 Reviews - 2yBruce WoodruffPro MemberContractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
Quote from @Russell Brazil:
Quote from @Bruce Woodruff:
Quote from @Matthew Paul:
Using that logic , maybe we should go back to only land owners can vote .
When can we start that?
Do I get a vote for each property I own?
Heck yeah, you'd rule the world.... :-)
- Member since 2018 · 1k+ posts · 1k+ votes2yFirst things first: Do you have a mind?
Quote from @James Wise:
Renters shouldn't be allowed to be Realtors. Owning a home should be a requirement for Realtors.
Change my mind freaks.
- 2yNed J.Pro MemberInvestor · Manteca, CA · Member since 2017 · 1k+ posts · 2k+ votes
Yeah..ok...
And all teachers should have kids first...
All doctors should have lots of medical issues before they can practice....
All dentists should have lot of dental issues before they can practice...
Every waiter should owner a restaurant before they can wait tables....
Every car salesman should have bought multiple new cars before selling any....
I get your point..... it would be great if every realtor had to have real life home ownership under their belt, so they have that BTDT experience..... but not gonna happen
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
seriously ??? if your a young realtor like I was started at 18 and got my brokers at 20.
how are we going to qualify we dont have income yet..
And what about the area you live in.. lets say you live in Cleveland or Columbus and a perfectly good house not in the hoody can be what 200k 250k..
Now lets say you live where I grew up Cupertino and well perfectly good house that is not in the hoody ( although there are not Hoodys on that side of the valley) is 2 mil plus.
how is that going to work.
And not everyone wants to own a home.. just like not everyone wants to be a landlord so are agents who dont want to be landlords not suppose to sell income property>. Like me rentals are way down the line of what we like or invest in.
- Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes2y
Quote from @Ned J.:
Yeah..ok...
And all teachers should have kids first...
All doctors should have lots of medical issues before they can practice....
All dentists should have lot of dental issues before they can practice...
Every waiter should owner a restaurant before they can wait tables....
Every car salesman should have bought multiple new cars before selling any....
I get your point..... it would be great if every realtor had to have real life home ownership under their belt, so they have that BTDT experience..... but not gonna happen
And all teachers should have kids first...
More like you should have kids before you get a job teaching parenting skills to new parents.
All doctors should have lots of medical issues before they can practice....
More like you should be a Doctor before you train Med students.
All dentists should have lot of dental issues before they can practice...
More like you should be a Dentist before you train new Dentists.
Every waiter should owner a restaurant before they can wait tables....
More like you should try the food on the menu.
Every car salesman should have bought multiple new cars before selling any....
More like you should know how to drive a car before being a car salesman.
- Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes2y
Quote from @Jay Hinrichs:
seriously ??? if your a young realtor like I was started at 18 and got my brokers at 20.
how are we going to qualify we dont have income yet..
And what about the area you live in.. lets say you live in Cleveland or Columbus and a perfectly good house not in the hoody can be what 200k 250k..
Now lets say you live where I grew up Cupertino and well perfectly good house that is not in the hoody ( although there are not Hoodys on that side of the valley) is 2 mil plus.
how is that going to work.
And not everyone wants to own a home.. just like not everyone wants to be a landlord so are agents who dont want to be landlords not suppose to sell income property>. Like me rentals are way down the line of what we like or invest in.
lol, you don't think owning rental properties is good before you sell rental properties? I'm sure there would be a lot less BP people being lead astray by all the 21 year old Columbus kids who don't know their foot from their elbow.
- Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes2y
Quote from @John Clark:
First things first: Do you have a mind?Quote from @James Wise:
Renters shouldn't be allowed to be Realtors. Owning a home should be a requirement for Realtors.
Change my mind freaks.
Sorry dawg I got no idea what you are trying to say.
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @James Wise:
Quote from @Jay Hinrichs:
seriously ??? if your a young realtor like I was started at 18 and got my brokers at 20.
how are we going to qualify we dont have income yet..
And what about the area you live in.. lets say you live in Cleveland or Columbus and a perfectly good house not in the hoody can be what 200k 250k..
Now lets say you live where I grew up Cupertino and well perfectly good house that is not in the hoody ( although there are not Hoodys on that side of the valley) is 2 mil plus.
how is that going to work.
And not everyone wants to own a home.. just like not everyone wants to be a landlord so are agents who dont want to be landlords not suppose to sell income property>. Like me rentals are way down the line of what we like or invest in.
lol, you don't think owning rental properties is good before you sell rental properties? I'm sure there would be a lot less BP people being lead astray by all the 21 year old Columbus kids who don't know their foot from their elbow.
U did not comment on the high priced markets compared to low price markets ?? in low price markets one can get in for 10k or so out of pocket and payments probably not anymore than rent.
High priced markets you need 100s of thousands in cash and payments are 2 to 4X rent.
Also how would commercial brokers ever start ? cant start by owning a 10 mil apartment complex or a shopping center or office building.
Or selling new construction . should realtors have to build a few homes before they can sell new builds ? - Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes2y
Quote from @Jay Hinrichs:
Quote from @James Wise:
Quote from @Jay Hinrichs:
seriously ??? if your a young realtor like I was started at 18 and got my brokers at 20.
how are we going to qualify we dont have income yet..
And what about the area you live in.. lets say you live in Cleveland or Columbus and a perfectly good house not in the hoody can be what 200k 250k..
Now lets say you live where I grew up Cupertino and well perfectly good house that is not in the hoody ( although there are not Hoodys on that side of the valley) is 2 mil plus.
how is that going to work.
And not everyone wants to own a home.. just like not everyone wants to be a landlord so are agents who dont want to be landlords not suppose to sell income property>. Like me rentals are way down the line of what we like or invest in.
lol, you don't think owning rental properties is good before you sell rental properties? I'm sure there would be a lot less BP people being lead astray by all the 21 year old Columbus kids who don't know their foot from their elbow.
U did not comment on the high priced markets compared to low price markets ?? in low price markets one can get in for 10k or so out of pocket and payments probably not anymore than rent.
High priced markets you need 100s of thousands in cash and payments are 2 to 4X rent.
Also how would commercial brokers ever start ? cant start by owning a 10 mil apartment complex or a shopping center or office building.
Or selling new construction . should realtors have to build a few homes before they can sell new builds ?I'd argue that if you're buying in a high priced market, some inexperienced teenager who lives in his parents basements is even more dangerous to consumers.
The fact of the matter is you've got to go to school for 6+ years to be a lawyer or an engineer. 8+ to be a Doctor. 5 year apprenticeship to be an electrician. Hell, it's like a year of training to get Barber's license.....Realtors though, a 2 week online course. 2 friggin weeks and you don't even need to put your pants on and get out of your mom's basement to complete the course. The bar is set so low for Realtors, we should be playing limbo with it. It's no surprise there is a close to 90% annual fail rate in the industry.
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @James Wise:
Quote from @Jay Hinrichs:
Quote from @James Wise:
Quote from @Jay Hinrichs:
seriously ??? if your a young realtor like I was started at 18 and got my brokers at 20.
how are we going to qualify we dont have income yet..
And what about the area you live in.. lets say you live in Cleveland or Columbus and a perfectly good house not in the hoody can be what 200k 250k..
Now lets say you live where I grew up Cupertino and well perfectly good house that is not in the hoody ( although there are not Hoodys on that side of the valley) is 2 mil plus.
how is that going to work.
And not everyone wants to own a home.. just like not everyone wants to be a landlord so are agents who dont want to be landlords not suppose to sell income property>. Like me rentals are way down the line of what we like or invest in.
lol, you don't think owning rental properties is good before you sell rental properties? I'm sure there would be a lot less BP people being lead astray by all the 21 year old Columbus kids who don't know their foot from their elbow.
U did not comment on the high priced markets compared to low price markets ?? in low price markets one can get in for 10k or so out of pocket and payments probably not anymore than rent.
High priced markets you need 100s of thousands in cash and payments are 2 to 4X rent.
Also how would commercial brokers ever start ? cant start by owning a 10 mil apartment complex or a shopping center or office building.
Or selling new construction . should realtors have to build a few homes before they can sell new builds ?I'd argue that if you're buying in a high priced market, some inexperienced teenager who lives in his parents basements is even more dangerous to consumers.
The fact of the matter is you've got to go to school for 6+ years to be a lawyer or an engineer. 8+ to be a Doctor. 5 year apprenticeship to be an electrician. Hell, it's like a year of training to get Barber's license.....Realtors though, a 2 week online course. 2 friggin weeks and you don't even need to put your pants on and get out of your mom's basement to complete the course. The bar is set so low for Realtors, we should be playing limbo with it. It's no surprise there is a close to 90% annual fail rate in the industry.
those other folks are getting paid to learn.. agents are on their own they are independent contractors cant have it both ways. :) - Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes2y
Quote from @Jay Hinrichs:
Quote from @James Wise:
Quote from @Jay Hinrichs:
Quote from @James Wise:
Quote from @Jay Hinrichs:
seriously ??? if your a young realtor like I was started at 18 and got my brokers at 20.
how are we going to qualify we dont have income yet..
And what about the area you live in.. lets say you live in Cleveland or Columbus and a perfectly good house not in the hoody can be what 200k 250k..
Now lets say you live where I grew up Cupertino and well perfectly good house that is not in the hoody ( although there are not Hoodys on that side of the valley) is 2 mil plus.
how is that going to work.
And not everyone wants to own a home.. just like not everyone wants to be a landlord so are agents who dont want to be landlords not suppose to sell income property>. Like me rentals are way down the line of what we like or invest in.
lol, you don't think owning rental properties is good before you sell rental properties? I'm sure there would be a lot less BP people being lead astray by all the 21 year old Columbus kids who don't know their foot from their elbow.
U did not comment on the high priced markets compared to low price markets ?? in low price markets one can get in for 10k or so out of pocket and payments probably not anymore than rent.
High priced markets you need 100s of thousands in cash and payments are 2 to 4X rent.
Also how would commercial brokers ever start ? cant start by owning a 10 mil apartment complex or a shopping center or office building.
Or selling new construction . should realtors have to build a few homes before they can sell new builds ?I'd argue that if you're buying in a high priced market, some inexperienced teenager who lives in his parents basements is even more dangerous to consumers.
The fact of the matter is you've got to go to school for 6+ years to be a lawyer or an engineer. 8+ to be a Doctor. 5 year apprenticeship to be an electrician. Hell, it's like a year of training to get Barber's license.....Realtors though, a 2 week online course. 2 friggin weeks and you don't even need to put your pants on and get out of your mom's basement to complete the course. The bar is set so low for Realtors, we should be playing limbo with it. It's no surprise there is a close to 90% annual fail rate in the industry.
those other folks are getting paid to learn.. agents are on their own they are independent contractors cant have it both ways. :)All the more reason to require them to have the experience of at least 1 transaction under their belt. Additionally there is nothing wrong with making would be Agents demonstrate something simple like being financially literate enough to become a property owner before starting a career where they present themselves to the general public as a housing expert.
You wouldn't send your kids to driving school if the teacher never drove a car would you?
- Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes2y
Quote from @James Wise:
Quote from @Jay Hinrichs:
Quote from @James Wise:
Quote from @Jay Hinrichs:
Quote from @James Wise:
Quote from @Jay Hinrichs:
seriously ??? if your a young realtor like I was started at 18 and got my brokers at 20.
how are we going to qualify we dont have income yet..
And what about the area you live in.. lets say you live in Cleveland or Columbus and a perfectly good house not in the hoody can be what 200k 250k..
Now lets say you live where I grew up Cupertino and well perfectly good house that is not in the hoody ( although there are not Hoodys on that side of the valley) is 2 mil plus.
how is that going to work.
And not everyone wants to own a home.. just like not everyone wants to be a landlord so are agents who dont want to be landlords not suppose to sell income property>. Like me rentals are way down the line of what we like or invest in.
lol, you don't think owning rental properties is good before you sell rental properties? I'm sure there would be a lot less BP people being lead astray by all the 21 year old Columbus kids who don't know their foot from their elbow.
U did not comment on the high priced markets compared to low price markets ?? in low price markets one can get in for 10k or so out of pocket and payments probably not anymore than rent.
High priced markets you need 100s of thousands in cash and payments are 2 to 4X rent.
Also how would commercial brokers ever start ? cant start by owning a 10 mil apartment complex or a shopping center or office building.
Or selling new construction . should realtors have to build a few homes before they can sell new builds ?I'd argue that if you're buying in a high priced market, some inexperienced teenager who lives in his parents basements is even more dangerous to consumers.
The fact of the matter is you've got to go to school for 6+ years to be a lawyer or an engineer. 8+ to be a Doctor. 5 year apprenticeship to be an electrician. Hell, it's like a year of training to get Barber's license.....Realtors though, a 2 week online course. 2 friggin weeks and you don't even need to put your pants on and get out of your mom's basement to complete the course. The bar is set so low for Realtors, we should be playing limbo with it. It's no surprise there is a close to 90% annual fail rate in the industry.
those other folks are getting paid to learn.. agents are on their own they are independent contractors cant have it both ways. :)All the more reason to require them to have the experience of at least 1 transaction under their belt. Additionally there is nothing wrong with making would be Agents demonstrate something simple like being financially literate enough to become a property owner before starting a career where they present themselves to the general public as a housing expert.
You wouldn't send your kids to driving school if the teacher never drove a car would you?
Many states require a credit report review
District Invest Group545 Reviews - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @James Wise:
Quote from @Jay Hinrichs:
Quote from @James Wise:
Quote from @Jay Hinrichs:
Quote from @James Wise:
Quote from @Jay Hinrichs:
seriously ??? if your a young realtor like I was started at 18 and got my brokers at 20.
how are we going to qualify we dont have income yet..
And what about the area you live in.. lets say you live in Cleveland or Columbus and a perfectly good house not in the hoody can be what 200k 250k..
Now lets say you live where I grew up Cupertino and well perfectly good house that is not in the hoody ( although there are not Hoodys on that side of the valley) is 2 mil plus.
how is that going to work.
And not everyone wants to own a home.. just like not everyone wants to be a landlord so are agents who dont want to be landlords not suppose to sell income property>. Like me rentals are way down the line of what we like or invest in.
lol, you don't think owning rental properties is good before you sell rental properties? I'm sure there would be a lot less BP people being lead astray by all the 21 year old Columbus kids who don't know their foot from their elbow.
U did not comment on the high priced markets compared to low price markets ?? in low price markets one can get in for 10k or so out of pocket and payments probably not anymore than rent.
High priced markets you need 100s of thousands in cash and payments are 2 to 4X rent.
Also how would commercial brokers ever start ? cant start by owning a 10 mil apartment complex or a shopping center or office building.
Or selling new construction . should realtors have to build a few homes before they can sell new builds ?I'd argue that if you're buying in a high priced market, some inexperienced teenager who lives in his parents basements is even more dangerous to consumers.
The fact of the matter is you've got to go to school for 6+ years to be a lawyer or an engineer. 8+ to be a Doctor. 5 year apprenticeship to be an electrician. Hell, it's like a year of training to get Barber's license.....Realtors though, a 2 week online course. 2 friggin weeks and you don't even need to put your pants on and get out of your mom's basement to complete the course. The bar is set so low for Realtors, we should be playing limbo with it. It's no surprise there is a close to 90% annual fail rate in the industry.
those other folks are getting paid to learn.. agents are on their own they are independent contractors cant have it both ways. :)All the more reason to require them to have the experience of at least 1 transaction under their belt. Additionally there is nothing wrong with making would be Agents demonstrate something simple like being financially literate enough to become a property owner before starting a career where they present themselves to the general public as a housing expert.
You wouldn't send your kids to driving school if the teacher never drove a car would you?
well you have to learn sometime.. when I learned to fly we hoped right in I got in the left seat and very first flight I managed the take off and even landed fairly decently. so yes you do learn on the job so to speak. - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Russell Brazil:
Quote from @James Wise:
Quote from @Jay Hinrichs:
Quote from @James Wise:
Quote from @Jay Hinrichs:
Quote from @James Wise:
Quote from @Jay Hinrichs:
seriously ??? if your a young realtor like I was started at 18 and got my brokers at 20.
how are we going to qualify we dont have income yet..
And what about the area you live in.. lets say you live in Cleveland or Columbus and a perfectly good house not in the hoody can be what 200k 250k..
Now lets say you live where I grew up Cupertino and well perfectly good house that is not in the hoody ( although there are not Hoodys on that side of the valley) is 2 mil plus.
how is that going to work.
And not everyone wants to own a home.. just like not everyone wants to be a landlord so are agents who dont want to be landlords not suppose to sell income property>. Like me rentals are way down the line of what we like or invest in.
lol, you don't think owning rental properties is good before you sell rental properties? I'm sure there would be a lot less BP people being lead astray by all the 21 year old Columbus kids who don't know their foot from their elbow.
U did not comment on the high priced markets compared to low price markets ?? in low price markets one can get in for 10k or so out of pocket and payments probably not anymore than rent.
High priced markets you need 100s of thousands in cash and payments are 2 to 4X rent.
Also how would commercial brokers ever start ? cant start by owning a 10 mil apartment complex or a shopping center or office building.
Or selling new construction . should realtors have to build a few homes before they can sell new builds ?I'd argue that if you're buying in a high priced market, some inexperienced teenager who lives in his parents basements is even more dangerous to consumers.
The fact of the matter is you've got to go to school for 6+ years to be a lawyer or an engineer. 8+ to be a Doctor. 5 year apprenticeship to be an electrician. Hell, it's like a year of training to get Barber's license.....Realtors though, a 2 week online course. 2 friggin weeks and you don't even need to put your pants on and get out of your mom's basement to complete the course. The bar is set so low for Realtors, we should be playing limbo with it. It's no surprise there is a close to 90% annual fail rate in the industry.
those other folks are getting paid to learn.. agents are on their own they are independent contractors cant have it both ways. :)All the more reason to require them to have the experience of at least 1 transaction under their belt. Additionally there is nothing wrong with making would be Agents demonstrate something simple like being financially literate enough to become a property owner before starting a career where they present themselves to the general public as a housing expert.
You wouldn't send your kids to driving school if the teacher never drove a car would you?
Many states require a credit report review
maybe make it like a Lenders license I have U have full fbi criminal and personal financial and credit report.. does not mean you have to be super star but just cant be bad. - 2ySam YinPro MemberLos Angeles, CA · Member since 2021 · 583 posts · 738 votes
@James Wise
I think we all have the right to make up our minds our way. I think that a person who feels a renter should not sell real estate should always screen their realtors and only work with ones that own their own home. For everyone else, and their specific criteria, screen as such.
James, I don't think anyone on this forum can change your mind, if you already made it up.
For me, the young commercial agent that I work with was a renter when we first met. He had been selling commercial real estate for Keller Williams for only a few years. He has been a great partner to work with and learn from. I have grown 10X in knowledge since working with him. We have done several deals and will be doing several more in the foreseeable future. Beside just me as a his client, he has others as well and have been averaging roughly $1M in commission the last few years. We are about to enter into a few more escrows today.
During our relationship, he has purchased a primary home, a duplex for his sibling, several other multifamily for his personal investment. All this within the last year or so.
The point is that he had to start somewhere. He was trained well in real estate investing. But he started from scratch, and had to work up to it and was very proficient and efficient. If he was to be screened by way of personal ownership, he would have been a$$ed out.
But in the end, you do your thing. Especially if it has worked well for you. Granted this is philosophical discussion, but that notion should apply to all we do in our lives... Live free and Die well!!!
- Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes2yHaving to buy a piece of property 1st wouldn't have stopped a kid like that. He would have made it happen.
Quote from @Sam Yin:
@James Wise
I think we all have the right to make up our minds our way. I think that a person who feels a renter should not sell real estate should always screen their realtors and only work with ones that own their own home. For everyone else, and their specific criteria, screen as such.
James, I don't think anyone on this forum can change your mind, if you already made it up.
For me, the young commercial agent that I work with was a renter when we first met. He had been selling commercial real estate for Keller Williams for only a few years. He has been a great partner to work with and learn from. I have grown 10X in knowledge since working with him. We have done several deals and will be doing several more in the foreseeable future. Beside just me as a his client, he has others as well and have been averaging roughly $1M in commission the last few years. We are about to enter into a few more escrows today.
During our relationship, he has purchased a primary home, a duplex for his sibling, several other multifamily for his personal investment. All this within the last year or so.
The point is that he had to start somewhere. He was trained well in real estate investing. But he started from scratch, and had to work up to it and was very proficient and efficient. If he was to be screened by way of personal ownership, he would have been a$$ed out.
But in the end, you do your thing. Especially if it has worked well for you. Granted this is philosophical discussion, but that notion should apply to all we do in our lives... Live free and Die well!!!
- 2ySam YinPro MemberLos Angeles, CA · Member since 2021 · 583 posts · 738 votesAgreed. This guy is a hustle all the way.
Quote from @James Wise:
Having to buy a piece of property 1st wouldn't have stopped a kid like that. He would have made it happen.Quote from @Sam Yin:
@James Wise
I think we all have the right to make up our minds our way. I think that a person who feels a renter should not sell real estate should always screen their realtors and only work with ones that own their own home. For everyone else, and their specific criteria, screen as such.
James, I don't think anyone on this forum can change your mind, if you already made it up.
For me, the young commercial agent that I work with was a renter when we first met. He had been selling commercial real estate for Keller Williams for only a few years. He has been a great partner to work with and learn from. I have grown 10X in knowledge since working with him. We have done several deals and will be doing several more in the foreseeable future. Beside just me as a his client, he has others as well and have been averaging roughly $1M in commission the last few years. We are about to enter into a few more escrows today.
During our relationship, he has purchased a primary home, a duplex for his sibling, several other multifamily for his personal investment. All this within the last year or so.
The point is that he had to start somewhere. He was trained well in real estate investing. But he started from scratch, and had to work up to it and was very proficient and efficient. If he was to be screened by way of personal ownership, he would have been a$$ed out.
But in the end, you do your thing. Especially if it has worked well for you. Granted this is philosophical discussion, but that notion should apply to all we do in our lives... Live free and Die well!!!
- Lender · Charlotte, NC · Member since 2019 · 59 posts · 60 votes2y
Doesn't Grant Cardone still rent? lol
- Real Estate Broker · Sacramento, CA · Member since 2021 · 15 posts · 24 votes2yThis reminds me of a fellow agent that gave out advice to new agents: If you don't make over $100k in commission your first year, you should quit.
Quote from @Jay Hinrichs:
seriously ??? if your a young realtor like I was started at 18 and got my brokers at 20.
how are we going to qualify we dont have income yet..
And what about the area you live in.. lets say you live in Cleveland or Columbus and a perfectly good house not in the hoody can be what 200k 250k..
Now lets say you live where I grew up Cupertino and well perfectly good house that is not in the hoody ( although there are not Hoodys on that side of the valley) is 2 mil plus.
how is that going to work.
And not everyone wants to own a home.. just like not everyone wants to be a landlord so are agents who dont want to be landlords not suppose to sell income property>. Like me rentals are way down the line of what we like or invest in.
Worst advice I ever received as a new agent.
Most of us start at square one and move onward and upwards from there. People dishing out crap advice or proposing ridiculous limitations are speaking from positions of fear. Not a good look.
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