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All Forum Posts by: Gabriel Amedee

Gabriel Amedee has started 41 posts and replied 367 times.

Post: How to become a Realtor

Gabriel AmedeePosted
  • Investor
  • Miami, FL
  • Posts 379
  • Votes 330
Hey Cintia, I think this wiki how links sums it up best: https://www.google.com/amp/m.wikihow.com/Become-a-Licensed-Real-Estate-Agent-in-Florida%3famp=1 In reference to schools I have no references as I never went to one but in all honesty the material isn't too tough and I was able to pass studying on my own. It's mostly laws and regulations so would highly suggest buying a book (I got the one from Gold Coast) and just attending whatever accredited school that falls in your budget. With that VA loan you could get a cash flowing property for extra income but that's another thread in itself. Feel free to reach out if you have any questions! Gabe

Post: Young MBA graduate that is eager to learn.

Gabriel AmedeePosted
  • Investor
  • Miami, FL
  • Posts 379
  • Votes 330
1. I think you should read and study more than one book as I don't know if a one size fits all book that goes into great detail of all aspects of REI. I think because of your MBA that Scott Trench's would provide a lot of value but I think a lot of the broader self help books help instill action in people rather than on the sideline waiting for someone to hold their to every step. Classic books such as The Power of Habit, Think & Grow Rich, etc. 2. Just begin. Like initiate that today you will start your journey. Locate where you are and where you want to go and research all the steps in between. We live in a world where every answer to a question is a few clicks and types away. Utilize that. 3. N/A 4. I think the most underused tool on BP is the search bar. So much value I've found using this tool I'm puzzled as why it isn't used more often. Hope this answers your questions, happy investing!

Post: Question about wholesaleling

Gabriel AmedeePosted
  • Investor
  • Miami, FL
  • Posts 379
  • Votes 330
Timothy Martin You have a couple options that vary greatly according to your relationship with the buyer and the wholesaler. Here are the ones I can speak of from experience but I'm sure there are a couple more I have no idea how to execute (like double assigning). Joint Venture Agreement There are many of templates you can find online to have an idea of this. You can write one up between you and another wholesaler making the agreement pertaining to said property. Depending on the assignment amount I would be weary about how serious the other wholesaler takes this agreement. If the total owed to you is under $5,000 then I think a shady person could be confident that you won't take them to court for the cost of attorney fees. Just something to keep in mind as I've heard stories of such cases. Referral Agreement (if you're both realtors) If you're a realtor than you already know how this works. If you're not one then this isn't applicable to you. Finders Fee Don't know the legality of this practice but I know it is pretty common. Instead of going to the wholesaler for compensation you go to your buyer and ask them for a fee for finding you the property. If you bring them a deal and they don't pay you then it cost you nothing to realize that the buyer is not someone you want to do business with. Deal Giveaway This is something many people won't understand but I do it often and will continue to do so because I see the results. This is probably the only reason I still occasionally look at other wholesalers inventory. If I see a property that relates to the criteria of an investor I'd like to be closer to, I'll just connect the wholesaler and the buyer without any markup. If I can get the wholesaler to throw me a bone, great. But if my mark up will make the deal less appealing, it will be nonexistent. I do this all the time and could write a blog about opportunities and knowledge I've gained from just being mindful of the long run and not set on a quick couple thousands today. Might not make sense to some but it does to me. Hope I didn't give you more than you asked, I tend to do that often. Anymore questions feel free to reach out. Happy investing !

Post: Purchase and sale agreement

Gabriel AmedeePosted
  • Investor
  • Miami, FL
  • Posts 379
  • Votes 330
x2 to what Guy Gimenez said ! Please realize you are signing a legal document which can force you to suffer REAL LEGAL CONSEQUENCES if not done correctly. Do yourself the favor and find an attorney experienced with these type of transactions and ask them to draft you a contract and walk you through what each section means and how you'd fill out each section pertaining to each different transaction. The money you spend here would save you from losing much more down the road if you're really in this for the long haul. I personally feel that people who refuse to spend this money on a professional just don't have the faith in themselves to believe they'll make that money back by actually closing deals, but back to your options. You could also partner (JV) with an experienced wholesaler for 25-50% of the profit in order to walk you through the contract and transaction and request them also to give you their material. If you really don't like the sound of that profit split you can just ask an experienced* wholesaler in your area to send you their contract and you just copy it and make your own template from it. If they don't want to just send it for the sake of helping someone out then call the next wholesaler and pretend to be a buyer willing to sign a contract on the property their assigning. Tada Any other questions you may have please feel free to reach out. Happy investing !

Post: Wholesaling without seeing inside of property

Gabriel AmedeePosted
  • Investor
  • Miami, FL
  • Posts 379
  • Votes 330
Joey Michael Mims Yes you will. Just make sure your contract doesn't state "property will be delivered vacant" or anything along those lines

Post: What qualities should I look for in choosing a credit union?

Gabriel AmedeePosted
  • Investor
  • Miami, FL
  • Posts 379
  • Votes 330

Would also like to hear everyone's thoughts on this topic.

Post: Newbie From Hollywood, FL

Gabriel AmedeePosted
  • Investor
  • Miami, FL
  • Posts 379
  • Votes 330

@Courtney Fussell @Lance Lvovsky

@Lance Lvovsky @Account Closed

@Account Closed

In case you guys missed the post, there will be a BP meetup down here in Miami next week. 

Here is the link:

https://www.biggerpockets.com/forums/521/topics/461129-whats-brewing-bpp-meet-and-greet-in-miami

@Davd Maggard I am not sure which one Mr. Dave is referring to but their is an upcoming one catered to BP members. 

I attached the link below. 

https://www.biggerpockets.com/forums/521/topics/461129-whats-brewing-bpp-meet-and-greet-in-miami

Post: From REO Agent to Residential Agent. No Referals, Buyers, zilch

Gabriel AmedeePosted
  • Investor
  • Miami, FL
  • Posts 379
  • Votes 330

@Ed Suarez you sound like you just need marketing man. That's typically a never ending job that must always be addressed. Look into how to find leads. Consider things like: 

- Doing showings for other agents in hopes to find buyers without a realtor

- Door Knocking 

- Direct Mail

- REI Networking events to work for investors

- Joining a brokerage that gives out leads 

- Paying sites like Zillow/Condos.com for leads

There's much more these are just tactics that I've tried or considered. Feel free to reach out for any more questions.

Happy Investing!

Post: MIAMI FLORIDA HERE I COME!

Gabriel AmedeePosted
  • Investor
  • Miami, FL
  • Posts 379
  • Votes 330

@Noel Fernandez  might be interested depending on date & location. 

@Jason Brown @Alexis Guini

https://www.biggerpockets.com/forums/521/topics/46...

Attached is a link to an upcoming BP meetup in case you all were unaware. Hopefully it will be a nice turn out. 

Will try my best to attend. 

Happy Investing!