All Forum Posts by: Nick Rutkowski

@Thalia Georgopoulos Younger people like open space, it makes them feel like they have more room.

@Amber C. I’d recommend going to meet ups or REI related classes. I like to know my mentors on a personal level. They have to be my kind of crazy which I find is hard to sync with. I wouldn’t recommend jumping on the first opportunity you see right a way. Remember, youre letting someone into your inner circle to teach you and to take care of you. This makes you susceptible for manipulation.

@Derrick Burtle You should stop wasting your time and someone else’s time, get licensed. 15k isn’t a big drop, especially in your situation. It sounds like your agent is complaining about a small commission check. Seriously, get licensed and you should never have this problem with a buyer agent again.

They must have fallen from a plane.  Looks like the work of Samuel L. Jackson. 

Essentially, you want the property to pay for itself, including the mortgage. Your mortgage interest can be deductible on your taxes too. 

If you're going to build multi-families, why not build commercial?  Food for thought.

@Devin Lembcke Do it. It’ll propel you to the next level.

If you want to get exotic. Wetland Mitigation Bank. Save the planet while encouraging development.  Buy undesirable wetlands, marshes, and DEC protected lands that could be sold for pennies on the dollar.  Then create additional wetlands to the existing wetland using a team of Biologists and Ecologists, the newly developed wetland acreage can be used as government credits. Trade the credits to the developers for cash. They get to build, you make money and you get positive PR for building a sensitive environment. 

There's a lot more to it, that's just the general idea.

Originally posted by @Account Closed:

Hey BP Community!

I just passed my classroom test and within a week or two I will be taking the PSI and diving full-time into becoming a licensed real estate agent. I've been learning a lot lately, and I know real estate is a passion of mine I can't wait to fall into

I'm still a newbie, and my ultimate goal is becoming a successful real estate investor, with my immediate goal being to buy a duplex and house hacking it. With me becoming a full-time real estate agent, I heard I would need 2 years of salary in order for me to qualify for a loan. Have there been any complications regarding financing for deals as an agent? Even though I love my mom, I don't want to be living in her house forever lol. 

I want to jump into investing so bad, house hacking will happen, it's just a matter of when. Also, are there any complications of wholesaling while being an agent? Legally, that's feasible, right? I plan on driving around a couple neighborhoods this weekend and find some distressed properties and start marketing them. 

Some tips on becoming a successful investor/agent would be helpful too!

Thank You!

Could you ask someone in your COI if you could partner with them to buy a duplex? You do the work, they put up the capital. I asked my family and used credit cards. It's not the prettiest way but it got me into a duplex, make sure you refi out so you can pay your credit cards. 

You could try to find brokers in your board who sell investment properties and join their brokerage. 

Do you have good credit? Could you take out a credit card and use that as an "in case of emergency card"?