All Forum Posts by: Elaine Wang

@Richard Loniewski

hi，Richard, how did you find your mentor that you could work with?

@Scott E.

Thank you very much for such a detailed sharing!

My neighborhood is too expensive,

I cannot afford to do my first try here 😭

I have to choose cheaper neighborhoods that I’m not quite familiar with.

@J Scott

thank you very much.

I will definitely check it.

Just starting out, Plan to do my first flip this year. But still no clue for where to start out.

Could anyone be so kind to share some experiences on your first flip?

Questions are, but not limited to:

From what source you got the property.

How did you choose the Neighborhood that you would like to work on.

What are the price range.

How did you funding the project?

How much did you pay for remodeling.

How long did it stay on market until sold?

What is the margin it turned out to be?

What was the most important lesson you learned from this first property.

Thank you!

I’ve just got my real estate license.

Actually I’m not interested in being a residential RE agent. I think I may not enjoy the life style of showing sfh to clients.

Originally, my plan to get a license was for personal investment needs.

Currently, I’ve got the idea of being an agent specializing in land. Here are my thoughts:

1. Not that time consuming and troublesome compared to residential.

2. My family has a business of wholesaling countertops and cabinets, now starting to be contractor of medium projects (apartments, nursing home…），may want to become builder and developer ourselves in the future. I guess my Family business would be benefit more if I’m a land agent.

3. I have a dream of building/developing beautiful vacation rentals myself.

Though, all of my thoughts are based on 0 experience and a few knowledgeables in this area.

Could anyone please give me some suggestions on that?

Any pros and cons to be a land agent?

Thanks!