Real Estate Agent · Cleveland, OH · Member since 2021 · 383 posts · 361 votes
Hello all! My name is Shane, I'm a brand new agent who was born and raised in Cleveland, Ohio! I am not new to the real estate field though! I've been working for a property manager for the last year and half, learning through software like Appfolio and Showmojo while working on getting my license. I plan on working with residential and investor clients alike, to see how I can learn and use my knowledge in the future. I also would like to say as a resident here, I know a lot about Cleveland. My goal is to one day have some rental properties, of course, and hopefully to help some friends and family invest in real estate to help them increase their wealth along the way. A fun fact about me is that I work out; I love to do it and see the results as I progress! Thanks!
Welcome to BP and best of luck in your real estate investing!
There are tons of advantages to being a realtor while being an investor. I got my license because I wanted to expedite my learning by going through real estate transactions. I also wanted to learn as much as I could in regards to multi-family investing. After I passed my test I signed on with an investment-minded company that specialized in multi-family properties and owned a property management company. Essentially, I was getting paid for real-world experience that I really desired and could use down the road when I wanted to house hack and own a portfolio of rentals. I was getting paid to learn what I wanted to learn in order to achieve my goals!
MLS access is wonderful, but another huge advantage of having your license is being able to roll your commissions into the downpayment of a property. Yes, you can roll your (whatever percentage) commission you get from the deal into your down payment. So if you're going to house hack with an FHA loan, you won't have to bring the full 3.5 percent down to the closing table!
Investor · Broadview Hts, OH · Member since 2016 · 310 posts · 280 votes
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Hey Shane and congrats on getting your license. I 100% believe that we go further, faster, together so If I can ever be of any help or advice please don't hesitate to reach out.
Welcome to BP and best of luck in your real estate investing!
There are tons of advantages to being a realtor while being an investor. I got my license because I wanted to expedite my learning by going through real estate transactions. I also wanted to learn as much as I could in regards to multi-family investing. After I passed my test I signed on with an investment-minded company that specialized in multi-family properties and owned a property management company. Essentially, I was getting paid for real-world experience that I really desired and could use down the road when I wanted to house hack and own a portfolio of rentals. I was getting paid to learn what I wanted to learn in order to achieve my goals!
MLS access is wonderful, but another huge advantage of having your license is being able to roll your commissions into the downpayment of a property. Yes, you can roll your (whatever percentage) commission you get from the deal into your down payment. So if you're going to house hack with an FHA loan, you won't have to bring the full 3.5 percent down to the closing table!
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