All Forum Posts by: Anthony Buccanero

I am brand new to real estate investing (education phase) and am curious to weigh in on others' opinions on whether or not it is worthwhile to get my real estate license? Any and all insight is appreciated! Thank you and I look forward to growing in this community & making lasting connections.

Theresa,

I recently just signed up as a new agent in my state as I was in the same predicament as you. I chose to obtain my license because the pros outweighed the cons associated with that, and also it fits in nicely for what my family is trying to accomplish in the Real Estate Investment Game and life itself. It does involves a bit of work and research along with fees as noted in other posts, but do not let that discourage you! What do you want to get out of it? A career? A lifestyle? It can be extremely hard to motivate oneself in a position of flexibility that comes with being an agent, but the resources available on that side of the fence are expansive. In my opinion, try deciding if getting a license and all the baggage associated with it is worth the time and effort. Best of luck to you!

Tony

2 Votes

Originally posted by @Tim Swierczek:

@Brad Schaeppi is your man. He can handle all your needs.

Thanks for sharing Tim!

0 Votes

Originally posted by @Christopher M weger:

Anthony,

The best advice I can give you, when becoming a Realtor is to join a team that has like minded goals as you. I started off with a bigger brokerage and it was definitely a "learning" experience. Interview every brokerage you can and let your potential mentors know exactly what you're looking for.

Chris,

Great advice! It was extremely important in my brokerage interview process. With real estate sales being one part of my families' overall plan, it was necessary to be able to explain this to those that I interviewed. Thanks again!

Tony

0 Votes

Originally posted by @Andrew Syrios:

Don't know about Minnesota, but in Missouri, it's a couple hundred dollars, 72 hours of classes (which can be done online in less time than that) and a fairly difficult exam at one of those exam facilities as well as a background check and some paperwork. It's a bit of an ordeal, but often worth it and I suspect it's pretty similar in Minnesota.

Sorry for the late reply! I choose to go through with my licensing in MN, and I am in the process of signing up with my new brokerage. Exciting process it has been!

Tony

1 Vote

Hello Everyone,

I have recently set up an LLC as part of becoming a new Real Estate Agent in Minnesota for collecting commissions. I am looking for any feedback on Business Banking/Business Credit Cards that people have used in similar situations as mine. I understand Credit Unions and Local Banks can offer some advantages compared to other more mainstream banking options, but that does not limit the feedback to just Minnesota based options. I know transaction volumes, etc matter with some banks, and I don't want to get stuck paying fees on commissions above and beyond a certain limit allowed in each period. I appreciate everyone's thoughts on this. Thank you all in advance!

Tony

0 Votes

Originally posted by @Charles Beck:

@Jon Fletcher
Collecting a commission would be better than not collecting anything. Discounting the sales price by what your commission would have been might be a better alternative from a tax prospective - unless you need the commission income.

I like this concept!

0 Votes

Upstate New York, New York

Originally posted by @Steven Foster Wilson:

Originally posted by @Anthony Buccanero:

This is interesting!!!!

Chipotle is just one of the companies setting up their home here in Columbus, cover my meds, and root are a couple more.

Thank you for the feedback Steven. There must be something going on there for these businesses to set up shop.

1 Vote

Originally posted by @Corby Goade:

Side note- I'd suggest you find a team that lets you take your sphere with you once you leave. Some teams will require that you give them the rights to your friends and family as potential leads forever- not a good deal for you.

Best of luck!

This is just unfortunate! Glad I read this post! I will be adding this little reminder to my notes of things to look out for when choosing a broker.

1 Vote

This is interesting!!!!

1 Vote

All Forum Posts by: Anthony Buccanero

Anthony Buccanero has started 9 posts and replied 41 times.

Post: BPCON2022 Save the Date

Post: To be or not to be: a real estate agent

Post: Commercial Real Estate Attorney Minnesota

Post: Becoming A Real Estate Agent

Post: Becoming A Real Estate Agent

Post: Feedback On Real Estate Agent LLC Banking/Credit Cards

Post: Broker Commission on Your Own Purchase

Post: Looking for cash flowing markets with appreciation potential

Post: Any other Realtors that started in 2021? How’s it been for you?

Post: Looking for cash flowing markets with appreciation potential