All Forum Posts by: James Hutson

I was hoping to get some feedback from investors & agents specifically but anyone's advice is appreciated. 

So what Apps do you all use to improve your work?

Common ones I've heard mentioned on the podcasts include DropBox, DocuSign, Zillow, Redfin and Trulia. 

What's out there, what's useful?

Thanks guys and gals!

-James.

Hi all,

Several of the guest speakers in the podcasts have touched on whether or not it may be a smart idea as Realtor to work for investors. 

(1) Seems like it would be a good idea to learn about investor psychology. Why do they like this property and not that one. Or, why this neighborhood. Or, why multi-family over single. Agent's don't really look for properties for newlyweds with this kind of strategic thinking. They seem to be more focused on picket fences and reassuring their principals that "yes, the color of the kitchen can in fact be changed with a can of paint rather easily". 

(2) You'll build a reputation among local investors and hopefully that will bring you more business and experience. You can learn from investors' mistakes and maybe they'll teach you some of their tricks.

(3) It allows you to be in the game without having your skin in the game just yet. 

Now the big, nasty, common downside I keep hearing about on the podcasts, is that investors may shop around and use you for your MLS access, but when it comes to committing, they'll go to their close-knit group of agents that they seem to practically have on retainer.

If you can become one of those 'go-to' agents for investors, would you recommend it and would the benefits be worth it considering the end goal is you transition into being an investor?

Thanks!

Thank you for that trick, Larry, I'll be using that more often to narrow searches.  

George: I was thinking about my long term goals (begin with the end in mind) and one of them is to start a company that specializes in investing for accredited investors. I guess what I'm looking at is a REIT. The McGraw Hill 36-Hour Course: Real Estate Investing Second Edition by Jack Cummings has been a good starting point for me as well as this site and the BP podcast. I'm fascinated by REITS so far but I'm starting out as a real estate broker (this friday is the big licensing exam). I'm going to work as an agent to get my foot in the door, experience built up, put my name out there and save some real money to invest with.

Also, thanks Jon, seems like 28 is the correct one so I'll go back over it. 

Hi all, 

This is actually my first post on BP and I know it should probably be an introduction in the introduction forum but I'll make that my second post.

Well I'm hoping someone will be able to answer this. One of the podcasts (can't remember which) had a guy who was talking about accredited investors vs non-accredited. He mentioned that his plan was to eventually start a company that dealt with investors money to help individual investors buy properties for cash flow and the company would also pool investors money to buy larger multi-family complexes and involved several investors at once and the company would take a cut of the casfhflow because it did the due diligence and purchased the property. The guest also talked about all the requirements for this company to become a reality (a net worth, so much in sales volume, SEC guidelines that are apparently really strict and other things). 

 I could be way off in my description, but I hope this rings a bell for one of you.

I'm positive that it was one of the podcasts between #26 and #31. May help narrow it down. Also, the guest was a man, so that may eliminate 2 of those.

Thanks very much!