All Forum Posts by: Lena Oeun

@Jimmy O'Connor you are 100% right. The fees doesn’t matter especially if you’re going to make it back (that’s if you’re driven enough to go through with it.)

I sell real estate in philadlephia, and frankly I’m still new at it. Still doing my due diligence at this time.

I appreciate your advice.

@David Haynes hey David! Thanks for your advice. I am a full time agent right now actually. I just wanted sure if I wanted to wholesale in Philly (where I practiced) or virtually elsewhere. Appreciate your advice.

PA passed a law that To wholesale, you need a wholesale license (cost $500.) In Philadlephia, you need to be a licensed realtor to be a wholesaler...

Pro: With restrictions leads to lower competition overall.

Con: You are obligated to disclaim your role as a realtor and wholesaler. And you need to disclaim the estimated value of the property.

Conclusion/Question: is it worth getting into? Should I just do virtual wholesaling elsewhere? How much does this change the wholesaling industry?

Not looking for ONE answer. Just wanted to strike a conversation and learn from there.

I'm 19 years old and working as a full-time agent in January. Along with planning to hit my financial goals through commission, should I go for buying a single-family with an FHA loan and house hack or do a flip?

My initial goal was to get a single-family home to keep long term, live in the place with 3-4 other roommates for 2-3 years. Keep renting out the place to tenants. Make passive income from there.

However, I was advised to do a flip instead to invest in multi-family investments. I just want some advice or tips for someone as young as me getting into RE investments.

Also if you have book recommendations related to real estate investments, please list them!

Thank you!

@Tim Richter

I often do get overwhelmed from going too fast and what I usually do is take a moment to breathe, and talk to my business friends on my next steps. Talking it out to yourself or to others help you understand your position and how to go with it after. I also use a white board to draw out my next steps as well. Overall, stay calm and retrace your steps. Hope that helps.