New Member Introduction

[Daniel Forero Pineda]

Hi,

I live in Buchanan (Westchester County, NY), and am a recent graduate of Manhattan College working in NYC as an engineer.

These past few months I have been absorbing as much RE knowledge as possible through books, podcasts, BP, and even began taking my 75-hour NY Sales Agent pre-licensing course.

I am looking to jumpstart my REI career in 2020 with fix/flips, with an ultimate goal of livable passive income through rental properties.

If you think you could use me somehow or we could work together, please reach out to me!

Best,

Dan

[Basit Siddiqi]

Originally posted by @Chace Fraser:

@Daniel Forero Pineda one of the awesome benefits of being an agent is that you can roll your commissions into your purchase. For example, if I made 2.5 percent for being my own buyers agent, and I used an FHA 3.5 percent loan program, or a 3 percent conventional, I now only have to come up with a small amount of money! Plus, that commission never hits my bank account so I don't have to pay taxes on it...

House-hacking is a great way to get into real estate. Especially if you are an agent as your commission can pay for a portion of the cash required to close. Your post was great until the last sentence. Something to consider omitting in future posts.
Agents may be required to pay a tax on a commission even if it does not hit the bank account.