Hello everyone on B.P. and good day! Things have been pretty crazy lately. Long story really but ill try to make things as short as possible.
So lets cut to the chase, I currently work as a contractor for a cable company driving around my own vehicle picking up cable boxes on suspended accounts in Detroit MI (...yes i know). Back in September '14, I posted a craigslist ad titled "Looking for a career change into RE" trying to get my foot in the door to begin meeting people and learning markets. After 3 weeks of spam jobs i get a call from an agent who works for Keller Williams (KW), and he needs someone to drive around REO properties, take photos and upload them via internet each week. At the time they only had about 40 REO's a week at $5 a property. I've never been to any of these cities before and all were within 40mins from where i lived and gas prices were HIGH!
Despite all the red flags i took the position because i could still use the extra income and learn at the same time while working my current job. Couldn't have made a better decision because it turns out i really enjoy doing it. Because of this job I've learned so many cites i can practically not use my GPS anymore. Meet agents, investors and contractors involved in all sorts of repairs from roofs to concrete and see the full process start to finish. Watch properties come, go and stay in inventory so i feel i have a good grasp on what a "good" vs "bad" property is. Inventory has grown to 60+properties a week now and i can do them all in 1 day cutting cost down to have an income of $1,250/mth for only 8hrs a week all from 1 craigslist ad!
Now I'm trying to figure out my next actionable step so here are my questions:
1.) I know if i have more than triple the amount of properties each week i could hire someone to do it for me, quit my other job and focus more on doing my first deal (wholesale or rehab) but is there a need for this service? if so how would i begin to market to find those individuals?
2.) Is it possible for me to find a buyer for our properties before they are listed and still get a commission on them? I keep being told i have to be realtor to do that but i feel it is still possible somehow.
3.) I just finished my classes to get my realtor license and next up is to take the exam, But i have enough saved to begin my initial marketing plan to sellers and start marketing. Should i wait till I'm with a broker for credentials or begin marketing now and already be generating leads?
Sorry in advance if it seems confusing, SO many avenues to take i feel stuck and gotta move. Maybe I'm just not asking the right questions so, if you were in my shoes, where would you go from here? What would you ask yourself? I appreciate any advice you give in advance and thank you for your time.
