Real Estate Agent · Lincoln, CA · Member since 2014 · 225 posts · 43 votes
9y
its simple...but not easy :)... Well you have some advantages to NOT being an agent, like you can sent "i want to buy your house" w/o having to declare your an agent and generally less rules you have to follow. ANy house you buy or sell you would (or could) have to pay an agent the commission. If you make friends with an agent, that may be a better option there. You also don't get the immersion in markets, connections to others, if you are not an agent, so you have to go create those relationships pretty much on your own (which is possible of course). Being an agent is a more legit/respected profession (most would say outside this site) compared to being a wholesaler, which some see as people who are trying to undermine a sellers ability to sell for max price & therefore maybe seen as a snake oil salesman. Make friends with an agent and then pick their brain, have lunch with them once a week and see if you can form a relationship where you both make money. They supply knowledge and some contacts, and you can direct mail sellers and then pass new MLS sellers/leads onto that agent. Think win-win. Or even "givers gain".
Real Estate Investor · Dallas, TX · Member since 2013 · 388 posts · 174 votes
9y
All agents become your friends after you do a deal or 2 with them. More education is always better in any industry. It will probably lead to more deals. Good luck
Real Estate Agent · Lincoln, CA · Member since 2014 · 225 posts · 43 votes
9y
its simple...but not easy :)... Well you have some advantages to NOT being an agent, like you can sent "i want to buy your house" w/o having to declare your an agent and generally less rules you have to follow. ANy house you buy or sell you would (or could) have to pay an agent the commission. If you make friends with an agent, that may be a better option there. You also don't get the immersion in markets, connections to others, if you are not an agent, so you have to go create those relationships pretty much on your own (which is possible of course). Being an agent is a more legit/respected profession (most would say outside this site) compared to being a wholesaler, which some see as people who are trying to undermine a sellers ability to sell for max price & therefore maybe seen as a snake oil salesman. Make friends with an agent and then pick their brain, have lunch with them once a week and see if you can form a relationship where you both make money. They supply knowledge and some contacts, and you can direct mail sellers and then pass new MLS sellers/leads onto that agent. Think win-win. Or even "givers gain".
Real Estate Agent · Lincoln, CA · Member since 2014 · 225 posts · 43 votes
9y
honestly the trick is this. agents (like myself) : its hard to work with first time investors...they are new and want a lot of information and contacts and want to follow the robert kyosaki (sp) method of look at 100 homes, offer on 10, buy 1...do you think any agent has that much time? sorry, not really. unless you are partnering with me or giving me something in return or maybe we are old college buddies.... around here the markets are very competitive too, so yah better be serious and not make low ball offers and drag me around town to 100 homes.
Real Estate Investor · Dallas, TX · Member since 2013 · 388 posts · 174 votes
9y
i saved all the money I made, took the bus, rode my bike, read books at the library, had roommates to share costs. Then I purchased my first house and used all my income to pay it off fast. Then I repeated it over and over. My goal was 1 deal per year.