All Forum Posts by: Jonathan Greene

@Chris Breezy - It seems you want to know what you need to have on hand to get started. Here is a list of general items you may need from one of my verified lenders:

Personal

Driver's license or passport photo

Social Security card or Permanent Resident Alien Card

Divorce decree (if applicable)

Employment/Income

Federal income tax returns for 2015 & 2016. Provide complete federal return.

W-2 and/or 1099 forms for 2015 & 2016.

Pay stubs for the most recent 30 days with Year-To-Date (YTD) Income showing.

Proof of additional income, such as Social Security benefits, child support, or alimony (if applicable)

Letter From CPA confirming you have been self employed for at least the last 2 years (if self-employed)

Assets

Bank statements for checking and savings accounts for the last two months (internet activity

printouts are not acceptable). Please provide all pages, even any "intentionally left blank" pages.

Statements for retirement funds and other investments for the last two months

Liabilities

Listing agreement or sales contract for current home pending Sale (if applicable)

Property/Misc

Sales contract (purchase only)

Copy of most recent Mortgage Statement for any and all properties owned

Proof of homeowners insurance for any and all properties owned

Name/phone number/& Email address for Attorney and Realtor (if applicable)

@Krystopher Ferdinand - PM me and will connect you with an investor-friendly agent team in the Orlando area that may be able to help.

@Christopher Phillips - yes and no, but I know what you are saying. The KW office that I worked for would not hire you unless you agreed so for newbies they agreed. There are other market centers around with lower caps so there are always options.

@Christopher Phillips - not correct, each KW office is different. I worked for KW and was a Technology Ambassador there. Training was free at my prior office, but all new agents were required to opt-in to a 10% deal for a productivity coach who "required" them to attend all trainings. You could not get hired at that time without agreeing to the productivity coach.

@Kelli Thomas - KW would be happy to have you because they will be taking fees knowing you won't transition to full-time for a while. You have a tough choice because to find true mentorship you will have more chance of success at a big box brokerage, but your best bet to lower fees is to go to a local agency with outside-the-box thinkers and find someone who has modeled how you are starting. It's tough getting into the business with young kids, part-time, but finding a mentor will be imperative. Brokerages like KW in some areas take back more percentage on training and this can be overwhelming for you, in the beginning, to be "required" to be at too many trainings per your schedule.

@William V. - happy to help. Let me know what you think once you are into 7 Levels.

@Jim McCabe - do not use Zillow to look for investor-friendly agents. It will be a colossal waste of time. Read this blog I posted on BP about how to find an agent who understands investors - https://www.biggerpockets.com/blogs/10015/64777-5-tips-to-find-an-investor-friendly-agent

@Bryan Mitchell - many deals on Hubzu you will pay a 5% buyer premium on top of the sales price, similar to other auction sites. The process is fairly smooth in terms of actually bidding online, but you must follow all procedures as outlined on the site for them to look at the offer.

@Marc Maser - why are you targeting pre-foreclosure properties and what list are you using to identify them as pre-foreclosures? This will make a difference in how or why to do this. All true pre-foreclosure information should be easily accessible via a general MLS Tax search or county search combined with Spokeo or Anywho to get phone numbers, but many other people will have that info. Depending on the stage of a pre-foreclosure your approach would need to be different. A pre-foreclosure can happen early and the owner many times expects to get right back on track so have no interest in selling right then.

@Dooreuhn Cee - 100 pct get in touch with Derrick Jackson. He knows the investor game and can also source properties. https://homesmart.com/real-estate-agent/illinois/arlington-heights/30414-derrick-jackson-ii/Welcome