All Forum Posts by: Mike Dmuchoski

If you need money quickly you can consider a) a hard money lender or b) taking a loan from your 401k (if you have one). Research the specifics as costs will be high but they could get you through temporarily until you get the next HELOC lined up.

Welcome to BP, Bob. This is a great network with tons of info. I suggest listening to the podcasts.

I'm a newbie fix-and-flipper living in Mesa, so happy to be in touch.

A bit of a hike for you but I recently did mine at Chandler RETC. Great instructor, can also take classes as often as you want, offer additional test support, and fair but challenging school testing. Once you pass their test, you'll definitely pass the actual license testing!

I just went to my first AZREIA meeting and I signed up for the membership. $179 for the year seemed reasonable to me to network with trades and some really seasoned vets, and listen and learn from guest speakers and Alan Langston, who's been running it for years.

Went out of their way to welcome newbies.

Welcome Ronnie. You have found a great wealth of knowledge and support in BP!!

I moved here 3 months ago from NJ looking to get into flipping. First step for me was getting my real estate license. It's been great for networking, learned a lot about the industry, and hooked up with a great broker. So far, so good.

Best of luck getting your license and investing.

As someone who attended the last meetup (with the pic above to prove it!), it's valuable time well spent with a knowledgeable and fun group of guys.

Full disclosure...thanks to the last meetup I not only now use the ReZamp software but have signed on as an agent in their brokerage.

Many thanks, @John Weidner and @Michael Jobe !

Most of the brokerages tell me they have investor/agents on staff (and they are accessible to me) and agents sometimes work with investors but I haven't yet found a brokerage that primarily works with investors.

The "80% of zero dollars" is something I keep coming back to. @Brandon Turner mentions this all the time re: partnering and I think it applies here too. The training and networking seems like a worthwhile upfront investment.

Thanks, @Derek Faller and @James Kobzeff .

Sorry for not clarifying - I will be an investor first (buy and hold / flipping), agent second. I'm looking for the advantages of MLS access, viewing properties on my schedule, and of course saving on commissions. My agent activity will be limited to personal properties and investor referrals.

I'm currently leaning toward the broker that offers the best training, as it seems like an upfront investment but also another good opportunity to network and learn the markets better.

Great point about seeing eye-to-eye too...good advice.

Always lots of debate on BP about whether REIs should get their real estate license. Well as a newbie, I made it a priority to do so and I'm pleased I went through the process. I'm now interviewing brokers to determine where to hang my license.

Many brokers offer at least basic training but some go above and beyond, including mentorships, advanced training, etc. Of course that all comes at a cost, so do you feel it's worth the additional fees and less of a commission split to be part of such a brokerage? Or find an inexpensive broker, take advantage of the basic offerings, and bank the fees for investments?

Appreciate your thoughts.

I'll be there and looking forward to it (although I believe I'm already a confirmed). I'll also be impressed if you can stick to that agenda, seems like a lot of material. Careful planning...sign of a good flipper, I guess!