I am from Chicago Suburbs and I am fairly new to RE investing. I own a fourplex as my only investment property. I recently passed my Real Estate Broker exam and I am looking for a Managing Broker who is also an investor and specializes in Subject To, Seller Financing, and Lease Options.
@Satnam Sandhu first of all congratulations on passing the exam. That is a really exciting step.
When it comes to working with a managing broker, I think you are really just looking for someone who is an investor right? You won't find a managing broke who specializes in any of those strategy at the brokerage level for the simple reason that brokers don't normally become involved in a transaction like that. I would imagine 75% of brokers don't even know that you can buy subject 2, etc.
Here on the forums you will run into quite a few active managing brokers, and you will figure out pretty quickly who you want to align with. I would also recommend you think through what you really want out of your license. There are so many paths you can take!
@Satnam Sandhu - Congrats on jumping into the forums and probably more importantly passing your broker license exam! It's definitely not an easy hill to climb.
I definitely can't claim to be an expert in subject 2, lease options, etc. but am familiar with the process. I recently got my managing broker's license and opened up a brokerage. We are specifically aimed to work with investors and help them achieve their life goals (yup life! not just real estate haha).
Anyways feel free to send me a PM and we can talk more. Full transparency we aren't really actively looking for more brokers but if the right people find us who fit our culture then more than open to discuss further.
@John Warren - Thank you for responding. You are absolutely correct, a lot of brokers do not know much about the creative side of RE investing.
I intend to use the license to assist me in RE investing as I have a full-time job that I like and I am not looking to switch careers yet. My primary goal is to build a portfolio using creative financing strategies. I have read quite a bit about these strategies but have no experience putting a deal together, therefore looking for an investor/mentor to work with who is experienced in using these strategies.
Thank you @Jonathan Klemm . I sent you a PM. Looking forward to connecting with you.
You may want to talk to Bill Jansen at Pinnacle Power Brokers. He should be able to acomodate your needs as an investor. He only has brokers that are investors and fees are very low. Andrew.
Thank you @Andrew Holmes . I will connect with Bill Jansen.