All Forum Posts by: Eliott Elias

What brokerage you pursue heavily depends on what your goals within real estate are. My goal was to be an investor that holds his license. So I joined a brokerage with low fees, and a lot of flexibility with purchasing investment properties, and getting creative with deals.

Chase does not knock off my credit card bill, the bank does not credit my mortgage as a christmas present. Why should you?

BRRRR is a bullsh*t buzz word that people rave about to get you into real estate. It is one of the worst strategies. You do all the work to execute a flip, and your reward is no cash flow and no profits.

With this type of structure, I usually split the profits down the middle. Each role should be clearly defined.

Your realtor should be able to get a good idea on if what you went under contract for is similar to what properties have sold for in the area recently. If you are overpaying, your property will not appraise for that value. Also, keep in mind, anything is subject to happen. Appraisers fall short all the time.

There are many things that need to align before you go into business with anyone. Values, vision, similar goals, etc. Most relationships go sour because expectations are not clearly set off the jump. The difficult conversations should be had early on. Structuring the business legally, and all paperwork is the easy part.

If business is slow, they should be. These lists consist of many delusional sellers. Nonetheless, there is still opportunity.

Fail, learn, perfect, build out training, hire, repeat. This is how you scale. Good work.

One state at a time. Thank you for sharing.

No money down options are virtually impossible. Unless you find an extremely distressed seller where you can get creative. Your best bet while maintaining a full-time job is going to be putting 20% down on a conventional mortgage and repeating that every year. Taking on a flip may even be too time-consuming.