How to Find an Investor-Friendly Brokerage in Denver, CO For an Investor With a New Brokers License?

Question

I was influenced by the many posts on whether an investor benefits from getting a brokers license and recently completed the classes and state/national exams. I need to mention there are no sales licenses in Colorado, only brokers licenses.

The next step it to find a local brokerage that is friendly to investors and wonder if others know of one in Denver?
I have heard of one called Your Castle that I learned of in an REI meeting from one person.

Some of the issues - and I'm sure there are more I haven't considered- are fees, training, required meetings, and commission splits.

Do others know of additional investor-friendly brokerages in Denver, or other issues I may be overlooking in selecting a brokerage?

Thank You.

Account Closed · Answer

Burt,

What type of investing are you doing? I am in Denver as well and just passed my licensing exams a few months ago. Just this week I signed on with Keller Williams Southlands. I looked at Your Castle as well but they have so many agents I think it would be hard to actually have meetings or get any help from any of the managing brokers there. When I met with Keller Williams I sat in the conference room with the owner and 2 managing partners for 3 hours and they answered all of my questions and concerns.

My focus is more on commercial real estate and I am going to work with other commercial brokers there and start teaching investing classes/workshops kind of like Your Castle does.

Also, since I currently live far away from the office I am not required to come to any meetings unless I want to.

If you have any other questions let me know and I will try to help you out the best I can.

Burt L. · Answer

I went with  Your Castle Real Estate - which costs more in monthly fees, but better support for investors, in my opinion.

Travis Sperr · Answer

Burt,

In reading the posts and replies I am curious with what you decided?

Travis

Anson Young · Answer

Brady,

find me a triple net walgreens with no money down!   :D

If you are up for it, lets grab coffee around southlands some time.

Anson Young · Answer

Funny Brady, I just left KW downtown for your castle.  KW (aka, the kool aid) wasnt progressive enough for me, buying and listing my own flips through there was like pulling teeth, forget wholesaling, they barely understand the word, let alone the process.  I know agents at the Southlands office, its the closest KW to my house actually.

As an agent/investor mainly doing investment deals, your castle has the best programs, training, backup and support out of any brokerage in Denver.  I looked at metro brokers, brokers guild, your castle, KW DTC, KW denver and staying with KWdowntown....  I have already been through re/max, prestige (then remax when they bought them out), modern real estate, and now KW.  I cant justify paying ANYBODY a $21k cap just to do business ($18k plus $3k royalty, KW model).  Just dosnt make sense in this day and age.

Good luck on your choice, if you want the recruiter for KW or your castle, let me know so you can at least sit down and talk to them.

Burt L. · Answer

Thank you for the reply, Brady. My type of investing is primarily reo's, rehabs, and short sales. Its most interesting that you met with Your Castle as well.
Were there any other detractors for you other than the volume of agents there?

Some posters here have said that national franchises aren't as good for investor/brokers as there are more restrictions in place.

I looked over the upcoming training schedule and some of the classes offered (almost all are two hours) include: Your Castle Career Launch, New 2011 Contracts, New Agent Orientation and Power Tools, Denver Metro RE Trends,Ninja Weekly Agent Coaching Boot Camp, Career Mastery Instruction, Advanced e-Contracts, How to Buy a 40K Condo That Cash Flows, How to Capture Investor Business and Advanced 1031 Topics, Public Trustee Class, The Contractor/Realtor Relationship, Networking With Confidence, Buyer Mastery Class, and Avoiding Inspection Pitfalls.

I am certainly open to additional measures for comparing one "investor-friendly" brokerage to another. Its not a simple decision as I havent evaluated brokerages before,  but brokers evaluate investors all the time.