New REO Agent intro - Rochester, NY

9 Replies

Hello BP community!

My name is Ryan O’Rourke. I’m 29, I’ve lived in Rochester, NY my entire life, and I recently became a licensed Real Estate Salesperson.

A little background on my RE journey up until this point..

Growing up my Father was always a RE broker. Over the past 10 years or so, he specialized doing REO's in the Binghamton, NY area.

At the end of April this year, my Father had a severe stroke. It was immediately obvious that he wouldn't be able to work again. I was half way through my RE licensing class at this point, and I knew I had to finish as quickly as possible if I was ever going to be able to support my Dad and myself financially. I quit my job in Rochester and moved into his house near Binghamton to keep his brokerage afloat with his partner and tend to his medical needs while finishing my licensing class.

2 months later my Dad passed away. I decided if I was going to make it in RE on my own, my best shot would be in Rochester where I know the area and my friends and family live. I finished my licensing course, passed my NYS RE license test, and moved back home.

Fast forward to today, I'm a licensed Realtor for Howard Hanna in Pittsford, I have the coolest possible mentor I could have ever asked for, and I'm working on a team with an REO agent that has been in the business for 20+ years.

I've been reading the BP forums for a while, so I know there's a few of you guys on here from Rochester. My ultimate goal would be to own investment property of my own someday, and I feel like the position I'm in is a really good way to learn to business. Anyways, I'd love to hear from you guys what you look for when working with an agent or REO agent looking for investment property.

Thanks for reading!

@Ryan O'Rourke

Welcome to the BP family! Great that you joined the site! Here are some recommendations for you:

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Wishing you the best!

@Ryan O'Rourke I'm sorry for your loss. Kudos to you for doing all you could for your dad. You sound like a good son. I'm a flip and buy and hold investor. I don't generally buy off the MLS but if you come across any good deals keep me in mind. I'll send you a PM.

@Ryan O'Rourke to echo Larry's sentiment sorry for your loss and great job working to complete your license.  

If you have any listings please send them over, we are always looking for properties.  Welcome to the forum and good luck.

Hey! Welcome to the family. I look for someone who brings me deals that the math works. A lot of times people try and push deals, numbers, properties that doesn't make financial sense. At the end of the day there's only so much capital. 

@Ryan O'Rourke

I am sorry for your loss, it sounds like you were close to dad... 

feel free to reach out I have some properties in Rochester and I am looking to create a partnership with a local RE investor... let me know if interested. 

Hello! @Ryan O'Rourke

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp



The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent. There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I love answering questions if you have any! Good Luck :)

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