All Forum Posts by: Andres Murillo

Most counties have their own "PM plan" forms. I'd start by asking someone from planning or licensing for that form. 

They'll ask for general contact info, 24/7 or emergency contact info, and might even have mandated forms/flyers that you'll need to display in your Airbnb. 

Hey @James Kim! I just PM'd you. 

Yes, go to college. 

There's an infinite amount of value you can gain from college outside of just your degree. The connections you'll make, new people you'll be exposed to, and formative experiences will 100x your long-term income. Understanding how to survive on my own with limited resources and high responsibilities is entirely why I've been able to invest and succeed professionally. I learned that from college. 

College is an absolute MUST if you have the opportunity to go. 

Atlanta has grown because of the increase in population, income, and employer base. More people are moving there for jobs from a wide variety of industries. Atlanta has many of the same appealing characteristics as DFW and Austin a decade ago. Low taxes, improvements to infrastructure, and a fantastic talent pool have led employers to swarm the city. I've been selling Atlanta for years to out-of-state investors and it's been amazing from day one. 

Mogul.ooo is using blockchain to revolutionize REI. Their investments are opportunistic, and not necessarily limited to one type of asset. They're just starting up but have a ton of momentum and great backgrounds.

 Sorry, I missed that detail. @Jay Hinrichs is 100% right. RE board would only help if you're a licensed agent. 

@Robert Naw if you're not able to close on it then the best you can hope for is a "finder's fee" from either the buyer or selling agent. Ultimately they won't HAVE to pay you.

You'll be safe if you have the email or text where you sent them to the property. "Procuring cause" is powerful in real estate. Your state and local boards have processes for you to sue the seller agent if they go around you. You're entitled to your commission if you're the reason the buyer purchased the home. Obviously, talk with the boards and an attorney but you have protections in place. 

Hey @John Humphrey! Would love to dive in to this with you. I'll send you a PM.

Write the offer for them. Buyer's shouldn't be able to get seller's contact info either. 

@Jeanmary Prophete

Without having ANY more to your backstory or goals I'd say... Short-term rentals should be your move.

$400k can lock in 20-40% down in "A" grade STR hubs. These areas grow in value tremendously well AND produce awesome cash flow. STR property managers are out there and they can make management incredibly easy on your end. They even commonly help with interior design and furnishing on top of all the day-to-day operations.

I analyzed a $1.5M single-family home in the Los Angeles area this morning - 7.5% cap rate minimum, 9% "best case", should cash flow about $4500 per month on average with 25% down, in a booming part of the city. I sent it to a client but feel free to let me know if you'd like to see it as well.