Wholesaler · Goldsboro, NC · Member since 2016 · 49 posts · 10 votes
I've only been a part of this community for about 24 hours and have learned more here for free than I have with the few thousand I've spent in the past year! (Definitely stepping up to pro.) I'm almost finished reading the beginner guide and man, what awesome info!!
I was initially told by a "guru" to only focus on single family homes, but I am now VERY interested in multi family units and would love to know more from anyone who has some experience.
I was previously told not to get a real estate license and not use MLS for anything because you can't find deals there, but now I'm not sure if I believe that.
Taking the real estate class here in my town (Goldsboro, NC) beginning in July.
@Fe Kelly There is opportunity everywhere. MLS is competitive, but that doesn't mean you won't find a deal there. Congrats on taking the step toward getting your license. There is no reason to be discouraged from doing that. If anything, you will learn the law, contracts and how to keep yourself out of trouble.
@Fe Kelly There is opportunity everywhere. MLS is competitive, but that doesn't mean you won't find a deal there. Congrats on taking the step toward getting your license. There is no reason to be discouraged from doing that. If anything, you will learn the law, contracts and how to keep yourself out of trouble.
Thanks Dawn Brenengen ! I appreciate the encouragement. I definitely think the license is the best step for someone as new to this industry as I am. It's a very inexpensive form of education and I'm sure can help me avoid some catastrophes.
Thanks Dawn Brenengen ! I appreciate the encouragement. I definitely think the license is the best step for someone as new to this industry as I am. It's a very inexpensive form of education and I'm sure can help me avoid some catastrophes.
Hi Jennifer King ! Thank you for the support. I wish you well also. I really see the benefit in the license. Not only for realtor access, but also for the networking opportunity. In NC, there are a few different circles that you have to be licensed to get in. Hopefully it helps.
To find a deal go to IREM.org search for ARM certified property managers. Call 5 ask them what they see expenses running per category per unit. What do they see them selling for per unit, what is the market occupancy rate. What are the market rents? Ask them if they know anything coming up for sale. Great way to pick up some good info and possibly a deal.
You can also search NARPM.org for the RMP (Residential Management Professional) and MPM (Master Property Manager) certified.
thank you @Paul Timmins! I will be checking that out shortly. I don't understand the things you mentioned but I will definitely look them up so that I get it when I'm talking to the property managers!!
@Audrey Truesdale thank you for reaching out. I was doing wholesaling and was going to assign contracts. I've read several articles on BP about not doing that and it makes sense. I'm not currently working because I just had a little boy so my plan is to get my RE license this summer and get a job as an agent to bring in additional income as well as learn the business. That way I can use loans to wholesale and do buy and hold. I plan on using our first purchase to house hack a multi family. What do you think?
I am also looking for multi's. The MLS is very competitive and about 90% of properties are not deals, your goal is to find the ones that are great buys. I would recommend analyzing properties daily and keeping track of the area you are looking to invest in