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All Forum Posts by: Jared Viernes

Jared Viernes has started 15 posts and replied 253 times.

Post: Obtain Real Estate License All Online.

Jared ViernesPosted
  • Investor
  • Wichita, KS
  • Posts 293
  • Votes 192
Jeremy Roll , Matt Lowery is absolutely on point. As far as the test you have to take in person, not it is not open book. The ones you take online are easily done open book, but if you actually do the reading you don't really need it. If you already have everything done you need to get your license it shouldn't be hard to find a supervising broker. You just need to do your research and find the best fit for you. Do you plan on selling real estate for others or just purchase for yourself; do you need the training provided by a KW or some other national brand or do you just want a good split. It's all up to you.

Post: Obtain Real Estate License All Online.

Jared ViernesPosted
  • Investor
  • Wichita, KS
  • Posts 293
  • Votes 192
In Kansas you need to take the Kansas practice portion of the schooling and take the Kansas portion of the licensing exam before you can get licensed here if your licensed out of state. My local REALTORS association also required them come to new member orientation. Not sure how it works in other states though. It might be different in Kansas City. I know their MLS is cross border lots of crossing between the Missouri Kansas line.

Post: Obtain Real Estate License All Online.

Jared ViernesPosted
  • Investor
  • Wichita, KS
  • Posts 293
  • Votes 192
Jeremy Roll I did mine online through real estate express. There is a 30 hour course you need to take the exam and another 30 hour course you can take before or after. I think I paid something like $205 for both and finished them in a couple weeks. You have to take the actual exam at a proctored location then you need a broker to hang your license with. You will also have to submit your fingerprints for testing. If you want MLS access you will need to join your local REALTORS association. But the benefits of that are huge. Information and tool access alike is worth it for an investor. All in you can expect to be paying a little over a thousand bucks. With regular fees quarterly, yearly, and continuing education course to keep your license and REALTOR status.

Post: New to BP (Wichita, KS)

Jared ViernesPosted
  • Investor
  • Wichita, KS
  • Posts 293
  • Votes 192
Matt Kurkowski I know a young and hungry Commercial Real Estate Agent who really impressed me when I met him. He's young but the kid came from the tech world and had a gigantic head for numbers, he's the youngest in his office here by far but I have no doubt he's going to kill it. DM me with email and I'll do a warm handover to him through email.

Post: New to BP (Wichita, KS)

Jared ViernesPosted
  • Investor
  • Wichita, KS
  • Posts 293
  • Votes 192
Charles Craig come to the monthly REIA and landlords association meeting. There are plenty of investors there and several active on BP. Try to think of the value you can add for them so it's not a one sided transaction. If people like you, you'll find a mentor.
Good luck! I love that area! With both KSU and Ft Riley there the economy is always great.
Also, if you are pushing her to sell to an investor especially one that buys a lot of units. You are virtually guaranteeing she gets a low offer. As you know to make money you have to buy the property at the right price, which is normally well below market value 20-30%. If she sells with a broker the split is likely to be around 6% at market value. While the house might be a "Waldo" if prices correctly and listed with a competent broker it should sell for more than a direct sale to an investor. If you are looking out for your grandmother encourage her to sell with a great listing agent in the area. Interview several and choose your favorite. They are then required to act as a fiduciary for her and will do the best to maximize her profits. In a direct conversation with an investor you are putting David and Goliath together without giving David his sling. Grandma is going to be helpless with no understanding of the process. In all negotiations Real Estate or not, knowledge is power, and the investor is significantly more powerful than your Grandma.
Commission is always negotiable no matter what. You can approach a broker and ask them to be a "Transaction Broker" where they represent the best interest if neither the buyer nor the seller but act to complete the transaction. Since all commissions are negotiable you can offer whatever commission you want to give them at a fixed price, whether that be $1 or $100000. However, don't think just because the buyer and seller are lined up the transaction is easy. There are a lot of things that go into a real estate contract that could tear best friends apart. If something comes up with the title or there is a disagreement in contingencies there it is always nice to have an expert representing your best interests. Brokers that do HUD home sales do so in a fixed commission. If you want to offer a fixed commission you might want to start there. Remember though if you do shop around, lowest price is not necessarily the best. You often get what you pay for and this holds true in the Real Estate industry as well.

Post: Wichita KS vs Dallas vs Austin as a first market for a newby.

Jared ViernesPosted
  • Investor
  • Wichita, KS
  • Posts 293
  • Votes 192
Michael Ndjondo makadi its set to private. I can't see.

Post: Invest while im stilk in the army?

Jared ViernesPosted
  • Investor
  • Wichita, KS
  • Posts 293
  • Votes 192
Tyler Hart I 100% agree with Matthew Dunaway