All Forum Posts by: Jason Lam

I Live in washington. and currently taking a Real Estate Practices and Fundamental course at a community college and our first week, one of the slide brought this up but instead of being called "Birddog" its a facilitator or intermediary. On the slide I am reading, it stated that It was LEGAL,

"Person may be involved in transaction without forming agency relationship with either party.

Known as facilitator or intermediary, and is compensated through finder’s fee."

R. Kerry Brooks Hey man, this question kept me up for 3 hours while I was planning my markerting plan and end game. Thanks, and I don't know if their is a requirement but think about posting articles like these on the blogs too!.,

Are there articles on, what you should write for your ad's
Bandit signs, Direct mail, Car bumber sticker, Craiglist ads, etc..
My goal at the begining was to atlease dive in and start marketing in 6 months, giving my self 6 months of time to educate my self, get drivers license, and a realtor license. After reading even more articles today, and about real estate investing it changed my mindset completely to a DO IT NOW! so tommorow I am planning to try market a little bit around craiglist and work my way through the different types of marketing strategies, and get people to call me with there houses, So i can get in the practice of asking about the house, possibly making an offer, even though KNOWINGLY I probably won't have any buyers or any way to purchase it from them.

James Vermillion Thanks for your reply, That is what I am currently doing, I literally just found out about real estate, few days ago, and have been reading ever since. I am going to be attending a fundamental real estate class at community college in jan, so I can get hours towards the license.

My current goal is to get my license then possibly birddog, get a mentor or try to get a job at a realtor agency. And learn "real estate investing"

before I actually go out, find my own propertys and investing.

I have also written out a Soon, Now Later goal that I constantly change as I gain knowledge and figure out what information goes where.

Ps How do you determine the correct value of a house? I had a feeling zillow and those sites prices would be way above normal.

@Thom H thanks for your reply it helps alot!!

There is a REIA in washington but the first meeting isnt until january 14, and It has a membership fee of 200$. I want to attend it but I have a feeling that I am still to early in the learning phase. I have a
class on realestate that will add to my hours for the Broker License
starting in januarary also. Can you go to these REIA meetings with out being a paying member? Or you have to pay, (I would get a membership now but, being so new I am afraid that the membership would expire before I could even make use of any of its MLS database, and goodies that come along with being in one.

That is what i am hoping to learn . How to determine a market area. And i got a tip from @brandon turner to use a site that shows lower income houses around Washington.

@Jon holdman
ah, my current plan is get license get mentor then try make.enough commission to start getting rentals i read the 2% and 50% rule. Immediately went to check if my parents would be in green and it turned out they may have few dollars in profit
thanks for the response

Oh wow, thanks a lot, the blogs are money!! As I am reading this site its helping me create a better and more organized goal. I just have to figure out the order in which to do it, i.e do I get my license first? Or start finding a mentor and try to learn how to birddog on the blogs.
(i am constantly fixing my goal to be more manageable any advice will help)

Now:
- Get internship and experience
- Work 50 hours a week to save money for you first investment (when real estate investor starts)
- Get License
- Research and study real estate
- Learn more on birddogging

Soon:
- Birddog
- Get a mentor

Later:
- Get First Property
- Get First Deal

Thanks Joel Owens, I guess my main goal now will be to "Create a plan", My current goal is to wholesale until i get the revenue to buy rental units.

Brandon Turner Thanks

You just answered a buttload of questions I had, So the big deals are actually from the Direct mails (yellow letters if im not mistaken). Is there a guide on how to do that?,

Once you get someone to call you back from your mail do they normally give you the price or do you? how is the price set since you are randomly asking people to sell? or do you have to get the appraiser and all those good stuff to look at the house before you can make an offer on the persons home?