All Forum Posts by: Daniel Cooper

Hello everyone,

I'm considering leaving my company and going independent as a Financial Advisor. With experience as a Mortgage Banker in my past, I naturally have real estate conversations with my clients and think I can provide a whole new level of service to them by having duel registration as a Financial Advisor AND a Real Estate Agent.

Does anyone have any experience with this? I understand it may pose a conflict of interest, I'm unsure whether or not my compliance department would even allow for this and have no idea whether or not a RE Broker would allow this. All I know is that working Real Estate part time for my clients could turn into a great retention strategy and, in turn, may help expand my business.

I've researched all over and have found very little on the topic. Any advice is appreciated!

Hello everyone,

I'm considering leaving my company and going independent as a Financial Advisor. With experience as a Mortgage Banker in my past, I naturally have real estate conversations with my clients and think I can provide a whole new level of service to them by having duel registration as a Financial Advisor AND a Real Estate Agent.

Does anyone have any experience with this? I understand it may pose a conflict of interest, I'm unsure whether or not my compliance department would even allow for this and have no idea whether or not a RE Broker would allow this. All I know is that working Real Estate part time for my clients could turn into a great retention strategy and, in turn, may help expand my business.

I've researched all over and have found very little on the topic. Any advice is appreciated!

Great advice, Russell.  Thank you!

Hello everyone and Happy New Year!

I'm considering leaving my company and going independent as a Financial Advisor.  With experience as a Mortgage Banker in my past, I naturally have real estate conversations with my clients and think I can provide a whole new level of service to them by having duel registration as a Financial Advisor AND a Real Estate Agent.  

Does anyone have any experience with this?  I understand it may pose a conflict of interest, I'm unsure whether or not my compliance department would even allow for this and have no idea whether or not a RE Broker would allow this.  All I know is that working Real Estate part time for my clients could turn into a great retention strategy and, in turn, may help expand my business. 

I've researched all over and have found very little on the topic.  Any advice is appreciated!

Thank you

Hello Bigger Pockets Community,

This is my first post and I'll get right to the point:

My wife and I have decided to partner up with my brother and get into real estate investing. To start, we are all FHA financing a Multi-Family home in a very desirable location and are choosing to live there for up to a year. During that time we will all be working our day jobs and painting/updating the place during nights/weekends. We have pretty strong credit amongst the three of us and are incomes allow for much more but at the moment we want to start with the one property and see how well we manage it.

After a year, our plan is to save up to be able to purchase something similar, using conventional financing, and keep building our portfolio. First living in the building, fixing it up ourselves and then moving on to the next.

My question is, does the below scenario seem like a good investment idea or should we keep looking?

Downpayment
$5775
Purchase price
$165,000
Annual taxes
$6000

Our monthly PITI payment is about $1,450

This is a 2 unit property; (1) 2 bedroom unit and (1) 1 bedroom unit. A local realtor said the 1 bedroom unit could easily rent for $800 and the 2 bedroom $1200.
Additionally, we are planning on getting the kitchens and bathrooms remodeled to hopefully get even more for the rent.

Does this sounds like a realistic and good strategy? All suggestions and input is appreciated!

-D