All Forum Posts by: Maria Graciela Wysocki
Maria Graciela Wysocki has started 2 posts and replied 17 times.
Post: new licensee looking for advices
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
I found a medium-kind-of size broker here in Broward. They do not have much of training but they do not charge me either. I have to pay for the board of realtors to have access to the MLS. I will start in January, very excited, watching a lot of videos.
Post: new licensee looking for advices
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Thank you very much every body, Zachary, Allison, and John Kent. I have an appointment tomorrow with 2 brokers and I did not know what to say or expect. Now I now.
Post: Seeking advice on broker selection
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Originally posted by @Wei Xie:
Thank you for sharing your experience! I have not started talking to brokers yet but I would definitely be very open to them about my objectives and plans. I want to set their expectations correct at the beginning so that both parties would have less issues down the road.
As for expenses, I think your expenses will probably include:
1. Fixed cost: e.g., office expense, membership due to NAR and local realtor association, fee for MLS, Supra or Super Key subscriptions
2. Variable cost: commission split with your broker and any other transaction related expenses.
I think total fixed cost in my county for #1 is about $300--$400/month. I am not sure how much in your county though.
Thank you very much Wei. Very useful answer, direct and clear. Now I understand how that works.
Thank you again and I wish you the best.
Post: Seeking advice on broker selection
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Hi. I am from South Florida and I am in a similar position, I just passed my Fl exam. But, the difference is that I do want to buy properties, flip some and hold on to others. I started REI with my son a couple months ago, but we realized that the first an may be the more important step is to find a very low price property...there is where you make the money. So, I decided to become a real estate sales assoc.
I do not want to work for a broker, but I see that is the only way to activate my license and have access to their MLS. Tomorrow I will see 2 brokers. What are the questions that I have to make?
Do I have to pay something to the broker?
Do I tell them that I am in fact a REI? How really works the broker-sales associate relationship?
Thank you in advance.
Post: new licensee looking for advices
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Ok. I have 2 brokers that I will see this week. What are the questions that I have to make?
Do I have to disclosure to them that I am a REI and what I really want is to have access to their MLS? or
work for the broker and see what happen?
I am a nurse changing careers, so I do not know how the relationship broker-sales assoc. really works.
Post: Private and Hard Money Lender
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
I started a REI with my son a couple months ago and I would like to know where I can find more information/education regarding private lenders. I found very interesting what Sam said about the way history is teaching us the path. I just passed my State exam for Real Estate and looking for ways to connect with a broker to activate my license as well as to learn a little more about private lenders.
Post: new licensee looking for advices
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Thank you Loren.
Post: new licensee looking for advices
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Hi. I just pass!!! my State test for R.E. Sales Associate here in South Florida. I prefer to do not work for a broker,
instead I am starting an Investment Project with my son. How can I activate my license?
I'll appreciate any idea/help....thank you
Post: Online wholesale
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Hi. I am a REI from South Florida, started 2 months ago and I have some questions: what documents you have to sign when you are doing a wholesale?, are the probate list and divorce list a good lead?. Everybody is talking of "contracts"...what are the exact documents to have ready?
Post: Business Plan to show to creditors.
- New investor from Florida
- Pompano Beach, FL
- Posts 17
- Votes 3
Originally posted by @George Krajacic:
Hi Maria, now that I have a better picture of your situation let's make it simple and get you started. First keep a job for a while you will need it to qualify for the loan. You are in excellent position to buy your first flip with only 3.5% down with low interest FHA loan. I will assume that you know your city and good areas to flip in. Determine which size homes are most profitable to flip, then buy the ugliest home in the neighborhood that will still qualify for FHA financing. I do not know if you would have to move in to the home while you are fixing it, but in any case, within a year you would have perfectly fixed home ready to flip or rent. I am inclined to advise to keep it as rental since you will have low interest loan that we might never see again. I am not sure but check it out, you might be able to move out of the home within 6 month if you find a home to be either too small, incontinent location etc. and qualify for another owner occupied FHA loan. This will get you started and the rest is up to you. Also attend Real Estate Investment Clubs meetings and that will get you up the speed.
Take care,
George krajacic
Thank you so very much George, you are giving me great and helpful ideas.