All Forum Posts by: Duane Smith

Thanks!!

Hi All,

I'm looking to become a real estate agent. I live in the Twin Cities area of Minnesota. Right now the commercial real estate market is hot, and commercial real estate is exactly what I have interest in. I know as a salesperson I'll spend almost all my time dealing with SF deals at first; however exposure to brokers and agents, who are doing the things I want to do eventually, is what I'm seeing as the benefit.

I personally want to become an investor and use commercial real estate to create passive income. I figured that getting my license and working in an agency with successful sales people will give me a wealth of knowledge as well as earn the opportunity to get income through my sales skills (spent time as a financial advisor for Prudential Financial, I also had stints in sales with AFLAC).

If you can, I would love some awesome feedback on everything from:
*What I need to know about working with a brokerage firm (membership dues, office politics, commission splits, location, size, etc)
*How I should start investigating my market,
*What kind of time and money I should be prepared to invest to get results in real estate sales,
*Tips on getting into the commercial sector,
And anything in between!

I know there's a wealth of knowledge here, and I thank all of you in advance. Thanks!

Thanks Brett & Michael, glad to be here!

Greetings Everyone!

My name is Duane and I want to introduce myself to the network.

I'm 25yrs old and have spent almost all of my professional career in sales or customer service. I currently work with Comcast out of Minnetonka, Minnesota.

About 2 years ago I first got into the idea of owning property for access to passive income, leverage, and appreciation. I started reading as many books as I could to get my head around what were the REAL possibilities in real estate.

After taking my time and settling on actually pursuing this industry, I officially started my own LLC.

It's only going to go as far as my determination will allow it, and without a strong network my determination won't mean much at all.

So i'm here to get great information from fellow investors, brokers, financiers, and landlords to see what I should know and expect in the near future. My biggest hope, however, is to be able to eventually stand-up proudly in this industry giving my own advice and mentoring others.

I hope that gives everyone enough details to start! Talk to you all soon.