All Forum Posts by: Iverem Rose
Iverem Rose has started 21 posts and replied 230 times.
Post: New member in Michigan
- Real Estate Agent
- Brooklyn, NY
- Posts 250
- Votes 60
Welcome to BP, Clarke!!
Post: Newbie from Minnesota
- Real Estate Agent
- Brooklyn, NY
- Posts 250
- Votes 60
Welcome to BP!!!!
Post: The Motivated Guy from Philadelphia!
- Real Estate Agent
- Brooklyn, NY
- Posts 250
- Votes 60
Welcome to BP, Joshua!!
Post: Not wasting anymore time
- Real Estate Agent
- Brooklyn, NY
- Posts 250
- Votes 60
Welcome to BP!! Read the blogs, books and listen to all of the podcasts!.
Post: Flirting with REI for the past decade & ready to take the plunge.
- Real Estate Agent
- Brooklyn, NY
- Posts 250
- Votes 60
Welcome to the site, Mitzmichael!
Post: Hello, Newbie from Bowie, Maryland
- Real Estate Agent
- Brooklyn, NY
- Posts 250
- Votes 60
Welcome to BP, Kezia!
Post: Newbie in Columbia, MD
- Real Estate Agent
- Brooklyn, NY
- Posts 250
- Votes 60
Welcome Derrek! Love your enthusiasm
Post: Hello, I'm Tyler, new member from Smithsburg, MD
- Real Estate Agent
- Brooklyn, NY
- Posts 250
- Votes 60
You don't need a real estate license per se if you are going to buy and hold or fix and flip, but it gives you the power to control your own destiny and not be at the mercy of real estate agents who are either too busy or extremely uninformed on how to work with investors. Since you expressed an interest in wholesaling to start, Id definitely get my license. It will protect you legally since most states have enacted legislation that curtails the activity of brokering deals without a license. I'm not sure what the laws are in your state.
I got my license for the same reason and have not regretted it!
Post: New to Investing in Cleveland area
- Real Estate Agent
- Brooklyn, NY
- Posts 250
- Votes 60
Welcome to BP, Phil!!
Post: Tenant screening - Subpar credit score...but...
- Real Estate Agent
- Brooklyn, NY
- Posts 250
- Votes 60
PASS!! If your apartment is located a nice area that is attractive to good tenants, then why settle for a prospects who clearly don't meet your requirements? Play it safe and hold out for someone better.
My experience as a leasing agent taught me that if a candidate does not make 40x rent or have a low credit score, then you should require that the lease be backed by a guarantor who makes 80x rent and has excellent credit score or have the renter pay six months to a year of rent upfront.