Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

19
Posts
9
Votes

Buying and Selling my own houses.

Posted

Hello,

I am at the end of my real estate course, targetting to do the exam in the first week of November.

My plan is to become a real estate agent while I keep my full-time job so I can buy my primary home and get the commissions. Furthermore, I currently own a rental property that in the case things start becoming bad in the near future and I have to sell it, I would have more buffer to play on pricing as I would not need to pay commissions to a selling broker. 

Also, looking to purchase another investment property within the next 12 months. This is the quick math I put together:

  1. Buying my own home = 400k = 10k in buying commissions.
  2. Selling my rental property = 300k = 9k in commissions for the selling broker (I account I would need to pay 7k in commissions to the buyer's agent)
  3. Buying another investment property = 8k in commissions.

Assuming I would split my earned commissions with my future managing broker, in the 70/30 ratio, it means I would earn 19.000$ in commissions just with my own deals.


I would appreciate any advice or suggestions on this strategy, it seems too good to be true and most likely I'm missing something. 

Will I be able to get into a broker company just to buy my own houses, or I am going to be asked to bring more deals?


Thank you

Marc

Loading replies...