All Forum Posts by: Account Closed

Whoa... you almost spurred on another confused query... good thing you explained what Ozarkian was in the context of your sentence! I almost had to reach for my Bill Gulley translator AGENT Will Barnard again! oops... I summoned him once more. :)

Will, thanks again for the industry knowledge gap translation... and Bill thanks again for the attempt to explain in Ozarkian .. i think ;)

Here's a great opportunity to exercise a skill that you will commonly need and use when "doing real estate investing!" Step back and assess where you think you want to be in REI and what you know so far. In taking a look at the big picture, where are all the gaps to getting to where you think you want to be. Then consider what your opportunity cost is. 8k less in your pocket means 8k you coulda spent on marketing (if you choose the wholesaler or even off market hunting for houses)... it could mean 8k less that you coulda spent on gas and resources you'll need to find the deals (once you know what you're looking for). that's also 8k less you can spend on getting your license and paying for the gold access to finding all the data you need to help determine clarity in what houses are worth pursuing or not.

You're already on the right path coming to BP... start with the ultimate investor's guide that BP offers for free and spend a good 5 days (full time) learning and interacting w/the group here, THEN spend the next 30 consecutive days practicing and getting feedback as you go from what you've learned!

the easy part is paying 8k to a "guru" and sitting thru a motivational speaker talking RE talk while mingling with the herd and feeling excited about what they're telling you you can do. the hard part (whether you take the guru course or not) will be the same for everyone starting - consistently taking action, searching for deals, running the numbers, networking w/people, rinse and repeat.

you've done the easy part once before... this time you can skip the easy part and do the part that will reap you the rewards if you're consistent.

good luck! the trainer can yell at you and pump you up w/motivation smoke over the next x days at his/her camp... but in the end, you're gonna have to do alllll the work - in the coming weeks and months.

tick-tock Naa Ama Mills... Friday's coming! are you ready for your training day or have you postponed?? How's it coming along?! So what's the plan for world domination??

Thanks for chiming in, Will Barnard. I got confused when I read this from Bill:

#1. I wasn't thinking transactional agent = transactional coordinator.

at the time, I didn't connect that transactional agent could also mean transactional coordinator, and I assumed when the listing agent becomes the transactional agent, then T.Coordinator and said transactional agent were two different people (since a t.coordinator does not have to have a re license, but a listing agent becoming a transactional agent would have a RE lic.) HOWEVER, I failed to realize that even if the listing agent became the t.agent, that did not imply that all t.agents require a re lic. just because that particular scenario the listing agent turned transactional agent (t.agent) did.

#2. It never occurred to me that a buyer's agent would be considered the selling agent.

I was still stuck on the seller's agent is known as the listing agent (listing the property for sale) AND since the listing agent was assisting in SELLING the property for the seller, the listing agent would ALSO be known as the SELLING agent. What threw me off was when Bill wrote "(the buyer's agent 'sold' the property, the listing agent presented the offer)" and wondered why he inserted a buyer's agent when there was none to begin with!

haha... ... this all came from the reference to a "transactional broker/agent" and I guess my head was fixed on "transactional coordinator"... or the agent's assistant (non-licensed). THAT alongside with recently taking a closer look at crmls's data fields referencing a listing agent, co-list agent, co-selling agent, and a buyer agent.

anyway, you cleared it alllll up for me when you pointed out that another name for a buyer's agent is a seller's agent. really?? I just learned something new! I woulda NEVER guessed that a buyer's agent would ever be called a seller agent... or would that specifically be "selling agent" and NOT seller agent. i'm intermingling seller and selling. I just figured a buyer's agent would remain and only be called a buyer agent PERIOD.

thanks again for going the rounds with me Bill Gulley & Will! and again, I apologize OP and readers for hijacking this thread!!

hey will.. u wouldn't happen to know where n how I can find the source that can shed some light on who n how much inventory has been taken in by the hedge funds in the last x period would u? would b interesting to see where they r buying..

I know this is dated, but In hindsight, it appears Obama and his admin have a different idea n plan .. especially contrary to this quote:

it'd b nice to see some fiscal discipline n even spending drop from their all time highs!

bummer bout the continual printing of money. whoevers next in line for pres is gonna have a huge mess to deal with..

thanks Bill... I think that makes sense. as for agent roles that I've seen:

1. buyer agent
2. listing agent
3. co-listing agent
4. co-selling agent

this is per the search fields i've seen, but didn't realize there was such distinction.

so, from my understanding of what you wrote:

the buyer agent can be the co-selling agent if the listing agent becomes the transactional broker/agent... hmm.. if i were to use names, it might help.

original listing agent: Bill Gulley
--> no buyer agent to rep the buyer
listing agent becomes a transactional agent: Bill Gulley
WHO is the co-selling agent? someone from the listing office like Will Barnard?

to summarize, Bill Gulley is both listing agent and transactional agent
AND Will Barnard comes into the mix representing as the buyer agent and co-selling agent for the unrepresented buyer?

sorry to hijack this thread... maybe i should take this to pm (or a spearate thread or talk to someone @ a brokerage) if this doesn't get resolved!!

thanks for your patience and help!

I spun many a wheel taking the shotgun approach you just described ... felt productive at the time but got nowhere quickly when I compared it to those who chose one thing at a time. hopefully when you take a step back, you'll have the clarity to see what your team is most suited for and has the most leverage to begin with.

good luck!!

Hi Bill Gulley... i know this is a bit old, but i found what you said:

thanks in advance for your input!

Heya, Brandon Turner! I believe that's exactly the formula that @j scott started his career with and continues to do so - working the numbers backwards. hmmm... wonder why the @mention didn't light him up.

I've worked #s backwards that way in other areas (cold calling for a diff industry), and the results play out. 'course, the trick is to know what #s work for you and your method/approach to whatever the objective you're trying to achieve! :)

i'm 100% sure that following some type of tested method consistently will yield a range of predictable results.