All Forum Posts by: Kelly Cole

I was exploring the possibility of purchasing a property out of state (in Texas : ) ) and was wondering: 

1. Can agents get commissions/referral fees for their own purchases out of state?

2. Has anyone done this before/how is this typically structured, is there a standard amount?

3. If I directly contact the listing agent - could I get the full buyers agent commission? 

4. Also just curious if I referred someone to an agent out of state how would that typically be structured?

5. Would my brokerage need to be licensed in that state in order to receive commission/referral fee?

Adding onto what Kieran mentioned above.

In the Bay Area in general, and same too in San Jose - it's an appreciation market (properties in San Jose appreciated 12.1% last year). That being said, it's going to be very near to impossible to find an investment property that will just cashflow (where the tenants will pay for your mortgage and then some). Caveat here is that it is possible if you put down a large down payment.

Some angles to consider here are properties with lots of bedrooms which you could rent out by the room, or larger lots that you could improve (ADU) and force appreciation on.