Working for Networth Reality?

Question

As I have mentioned, I plan on getting my realtors lisince once I move back to Colorado around May of 2017. I am currently in Houston and looking for job in sales, or real estate. I am looking for a job managing properties, maybe as a lease agent for an apartment complex  (second question, do you think that would be helpful for managing my own properties eventually?)

On Craigslist, I stumbled upon Networth Realty looking for people to pitch properties to investors.  This sounds like my dream job and something that would provide great experience.

I looked it up on glass door and it had great reviews, but they all said basically the same thing. Then I saw a review claiming the positive reviews were all smoke and mirrors and that they basically make people go around placing "We buy ugly houses" signs everywhere and it's not very legit

Does anybody have any experience with this company? It's compensation and standard of work?

I have no problem doing hardwork and working long hours as long as I am getting either great compensation or invaluable training and making great connections.

Feel free to MSG privately if you don't want to speak on the forums.

Thank you

Jay Hinrichs · Answer

this company is one of the worst I have ever run into in my 42 years in the bizzness..

@Rick Baggenstoss  I grew up in Glenn Garry glen ross my dad was a land man just like Al Pacino... and Jack Lemmon would have done better if he did what my dad did.. my dad bought a printing press and I had to make door hangers after work then on weekends I had to put them out door to door.. so my dad got 20 leads a week and did not use the company leads like everyone else.. soon was number one then in 2 years started his own company... thanks for the memories..

my exerpince with this company is on the front lines one of my vendors bought a property through these yahoos  total fabrication on the rehab and resale value these guys are ruthless in their approach and in my mind have little concern other than to make a fee and move on totally CAVEAT EMPTOR if working with these folks.. I have had other of my clieints bring in deals that were offered by these dudes and I refused to fund them.. won't do it.. they are not getting a dime from me or  my guys.

Raj Vajir · Answer

I actually just acquired a property from Networth in Austin where the values are already going out of range for cashflow numbers to make sense.  I worked with Casey and he was so helpful.  From helping me find rehabbers/foundation people to actually marketing and getting the unit rented for top dollars.  He even went out of the way to talk to the rehabber, who he had not worked with in the past to urge him to complete the unit faster on my behalf.  And I saw the change first hand.  He respectfully asked me permissions to take any steps.   He even showed the property to the tenant and ran their background checks for me.  Totally went out of his way to ensure that I started to cashflow on the property.  I will most likely buy from him again.  Although I'm torn between SFR and apartment investing now.  We'll see.

Rick Baggenstoss · Answer

Watch the movies Glen Gary Glen Ross and Boilerroom.  These are high pressure sales jobs with tremendous turnover of the sales team.   While I do believe you'd learn a lot, I think you have to think about whether you're ok with a high failure rate of your customers and your peers.

Randon B. · Answer

As an agent for Networth, I can tell you it is not all smoke and mirrors but a direct reflection to the efforts that you put into the job at hand. I will tell you that I have learned far more with this company than any typical real estate gig or seminar will give you in a short amount of time. We seek properties out for investors and do our best to provide them with the best information possible.

@Robert Boyer

Bill S. · Answer

@Robert Boyer I know a number of people who have worked for them and a number of people who have dealt with them and their deals. I wouldn't give them glowing reviews but haven't heard anything that would put you in risk of going to jail because you work for them either. I do know they use bandit signs a lot and they are illegal where they use them here. That says something right there.

Jared Watson · Answer

I network with them not to do buisness but to steal them👍 Those folks hussell

Rocky V. · Answer

I think it's a great way to get your feet wet and see how a high volume operation runs.

Nancy E. · Answer

Hello @Robert Boyer,

We have a Networth office in Tampa, Florida; and, I have communicated with several of their employees within the last few months.

Both Zach Welner and Robbie Aurie are Bigger Pockets members. Maybe you should contact them directly and see if they will answer some of your questions.

Good Luck.

P.S. - To date, my experience with Zach and Robbie  has been positive.

From Nancy

Working for Networth Reality?

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