All Forum Posts by: Jose Falconett

@John Thedford that may be true dependent on the specific circumstance, but buy and hold properties have a disadvantage in the short term because profits are deferred and are by nature not as liquid as straight cash immediately

No matter what aspect of the real estate industry your in, it is in everybody's best interest to guauge what point we are in the market cycle. 

As a newbie investor learner, Is the market individually independent per town/city or does it have more of a nationwide correlation? 

The reason I ask is because when people refer to the crash in 2008, of course that was a nationwide epidemic even affecting parts of Canada.  

So Is it possible that my area could be in an up cycle when another area in the country is in a down cycle or are all markets in correlation such as in 2008. 

AM I THINKING OF THIS EVEN CORRECTLY HA?

@Edgar U. thanks man, I've called so many "high volume sales" agents in the Ocala area but they never seem to be interested in an assistant usually saying that all the realtors in the office work together or have a office admin doing it for them. Any advice to break through to them? 

@edgar U 

@Edgar U. Is it possible to work for the agent for free, how could I structure that under the brokers office? I see the value in obtaining a beginner agent as they are hungry for business since they have not much under their belt yet and would be willing to let someone help them in attracting investor deals for their clients. Is this a possibility edgar

As far as getting a license I was informed that it will cost near $1-$3k after all fees

I would like to approach this topic in a different light that other people have not done yet. It is set in stone already that an agent can hire an unlicensed assistant that can access the MLS in most MLS areas. Ethical or not, this thread is about deal structure with an agent. 

How can I structure a deal with a local agent in my area so that I can access the MLS to not only seek out deals but evaluate market conditions?

Now, I want your opinion as an agent yourself to evaluate whether or not my deal structure's are an equitable fair deal between a beginner investor and an agent, but if not what can I change or include to make it fair.

1) Seek out/meet beginner agents and offer to work for very little wages, offer advice for what an investor looks for in deals, and ensure that you will close on deals with the agent if the potential is there. In exchange, request to be an assistant and gain access to the MLS.

2) Seek out/meet investor friendly or experience in investing agents offering myself as a low wage assistant that will close on deals if the potential is there. In exchange, request to be an assistant and gain access to the MLS

What do you believe is the most important relationships to develop first and perhaps in chronological order in order to begin investing.

For example, do you believe it is best to go to a mortgage broker first, or a contractor, or maybe a buyers agent, title company maybe etc. ? What is your opinion on who to approach first?

I began questioning this when I was out all day going to every brokers office in town seeking realtors who could use an assistant (so that I could access the MLS) but questioned what I could REALLY provide them other than being an assistant.

To give you perspective on capital saved, I have $16k total. I am open to flips and multifamily rentals curently