All Forum Posts by: Russ Lockamy

Hi Dan!  I'm a BIC of a local firm and investor myself.  Would love to chat with you guys to see if we'd be a good fit. I'll shoot you a private message with contact info.

Congrats @Thomas Wood!  Love to hear how it pans out and will follow the gram!  Good luck.

Wondering what you guys do for handling work orders from tenants? Right now I’ve got a mix of 15 retail/office tenants in a shopping center and they all call or text me with issues. Then I will contact the appropriate provider and put reminders in my Google Calendar to follow up. Works for what I have now, but as I grow it won’t. I’m looking to set up a system to save me time without breaking the bank.

@Jordan Lucas strive for more than that!  I did sell some in college, but was not getting at it full time.  I was really blessed that I had parents that had the means to support most of my living expenses during that time.  I could have, and should have put more effort into my real estate career at that time and I would be even further than I am now, but really, I didn't know what I wanted to do career wise until after I graduated college.  That's where you could be ahead of the game.   In real estate, it's all about passion and persistence.  So I look for someone who has drive and is a self starter.  Right off the bat if you came up to me and said you spent your summer after high school getting your license, I'd know you'd have what it takes with the right guidance.  Tips - For right now, learn and read all you can, but make sure you listen to your folks and make good grades in school as well.  You can absolutely go to college and kill it in real estate at the same time with the right work ethic.  But college is hard to do without the grades in high school.

@Alexander Felice I don't think @Russell Brazil was saying that people on BP are biased; just that as experienced real estate investors do not need the same level of assistance through the transaction process due to their experience in doing it many times.  The general public need that.  There is no app that will be released that will talk a buyer off the ledge of backing out of a deal over what may be a minor issue.  That's not even mentioning the value that agents bring to buyers and sellers in savings that are way more than commissions paid.

All that being said, I'm watching this case.  This case has more to do with the way agents get paid rather than how much they get paid.  I really think this is going to set out to protect buyers, but end up hurting them.  If they win, buyers will have to pay their buyer's agent directly or only work with the listing agent or sellers sub-agent.  Since most buyers won't have the funds, they won't get a buyer's agent, and buyer agency was created in the first place to, you guessed it, protect the buyers.

@Jordan Lucas, man I really commend you!  Most kids your age want to just go home after school and play video games all day, but you've got your eyes on your future and that is awesome.  I got my license when I was 18, but did not really go full time with it until 22 after college.  Treated it like a part time job myself.  I'm now 30 and I own a brokerage firm with 10 other awesome real estate agents in the Raleigh area where we also invest in residential flips and commercial buy and holds.  You absolutely can make it at any age in real estate.  Some people will look at your age as inexperience, but with the right hustle and personality you can easily overcome it.  But it will take work, and lots of it.

Hey Justin, I'm just south of Raleigh and would love to meet up to talk about my experience with it.  I'll send you a message.