All Forum Posts by: James Park

@Mindy Jensen,

I tried to use the new feature and selected the "Broker" tab in the experience section and it changed my title to

"James Park from Johns Creek, Georgia"

How can I change the title the same way I had it before

James Park, Real Estate Broker and Investor from Johns Creek, Georgia?

Thank you for your help!

@syndi bell,

Don't give up! I highly recommend taking the real estate trainers ca weekend crash course couple of days before the test. I took mine in Santa ana, ca.

Good luck!

@pete tam,

The California broker exam is a 5 hour exam seperates into two separate 2.5 hour sections totaling 200 questions. You need at least a 75% to pass. I found that the real estate trainers curriculum was the best. I completed all the practice exam questions in their binder and took their weekend crash course in Santa Ana. I found that the broker exam was a lot more challenging than the sales exam. Hope this helps,

Raul Pelcastre,

I have asked this question many times. When I first joined BP, I had a misconception that single family homes is where everyone starts and eventually graduates to commercial building or large apartments. I was on a mission to find out what is the best asset to buy for my personal retirement portfolio. 

I took out several successful commercial brokers and even wealth managers out to lunch to ask them what their retirement portfolio looks like. None of the commercial brokers I met owned any commercial properties like office buildings, wareshouses, or retail etc. Several owned single family homes and multi family, few owned apartments, and some surprisingly did not own any real estate. Surprisingly most of the wealth managers I took out to lunch did not own any real estate investments other than their primary residence.   

I talked to a couple very successful buy and hold investors where their net passive income was close to $200k/year. They owned a combination of single family homes and multi-family. The issue they had with multi-family was that the average tenants only stayed 9 months, and also there were disputes among the tenants about who is responsible for maintenance. Some tenants would even gang up on the landlord and there was a quite of bit of wear and tear in the units every time there was a turn over. These successful buy and hold investors did say that they would not mind exchanging their single family homes for a good 1or 2 large apartment complex in a good area.

A disadvantage of selling an apartment building or commercial property is that the buyer will be another investor. This investor will negotiate to get the best price and terms that he can get. He maybe a better negotiator than you.

Also Investment property can experience large swings in value as the economy changes. An empty office building or commercial building will sell for a small fraction of what it cost to build.  

A major advantage of investing in several single family homes rather than one big apartment or office building is that you can diversify by investing in different price ranges. By owning both less expensive ad more expensive houses, you can have the safety of the lower priced houses and the upside potential of the higher priced ones.

Therefore I concluded that I only want to have a combination of single family homes and possibly an apartment building in my retirement portfolio. However, if I never own an apartment building in my life, I am completely okay with that.  

If I do own an apartment building in the future, I will have the understanding that this is a business and needs to be treated like a business, not a passive retirement income portfolio like owning a portfolio of 30-40 single family homes located in good solid neighborhoods. 

Are you looking for a low-cost broker to hang your real estate license in California or Georgia?

You can contact me if you fit in any of the six categories below.

1) You hold an inactive or an active real estate license in the state of California or Georgia.

2 Want to stay active (professional status) but not pay Realtor board dues and MLS fees.

3) Possibly want to refer sales and still earn a commission.

4) Are a part-time real estate agent with another full time career.

5) A newly licensed agent but haven't yet found a managing broker.

6) Nearing retirement but want to keep your license active.

Thanks,

James Park, Broker

Hello Everyone,

I'm an investment broker in North Atlanta and the areas I cover are the 9 & 10 school zones in (North Gwinnett, Forsyth County, and North Fulton) cities include: Duluth, Johns Creek, Alpharetta, Suwanee, Cumming, Buford & Milton. I take a wealth management approach to real estate where I believe that real estate should be the foundation of one's wealth management portfolio whereas passive income from stock dividends, fixed income, CDs, and considered secondary asset allocations. My Investment strategy is buy and hold a retirement portfolio of solid "A" class Single Family Homes for both capital appreciation and cash flow. The assets types I favor the most for buy and holds are in the following order: (1) Single Family Homes, (2) Apartments. (3) Multi-family. I also advise my clients in real estate taxation, depreciation, asset management, exchange, and financing. 

I started this group so that we can build a referral network and exchange best business practices ideas in property management, tenant representation and placement, investment sales, and growing our independent investment brokerages.

@Dawn Brenengan,

This is the new location for the Investor Friendly Agent / Broker Network. Hopefully you can introduce yourself again and your coverage areas.

Thanks,
James

Time to time I see posters asking for a investor friendly agent looking to invest in a certain region. Sometimes I have local clients looking to relocate to other states and I much rather refer them to agents within the Bigger Pockets network than some random agent in that particular area. I thought It would be a great idea to start a network group of investment brokers and agents on Bigger Pockets. I can recommend a couple of Investment friendly agents on Bigger Pockets whom I would use if I was investing in their cities.

Agent Area:

Dawn Brenengen Raleigh, North Carolina

Rhett Tullis Oklahoma City, Oklahoma

Rocky V. Arlington, Texas

William Robison Kansas City, MO

If you are an investment friendly agent on Bigger Pockets, please introduce yourself:

Region that you cover for investments

Asset Class Specialty: Single Family Homes, Multi-Family, Office, Industrial, Retail, Triple Net etc.

Your Investment Strategy: Buy and Hold, Wholesale, Rehab, Flip etc.

If you have a Georgia real estate license and looking for a brokerage to hang your license and keep it active. Please feel free to contact me.

Thanks,