All Forum Posts by: Scott Schreiber

Also, just something to add, I happen to be very handy, and while I was looking for flips, the idea was that I would be putting in the legwork for most of the work. The stuff that I couldn't do, I would contract out. My main problem was finding financing for those types of projects, especially since I'm not a licensed contractor.

There is just too much outstanding information to fully respond to it all! I love this community...

@Jay Hinrichs, what is meant by buying courthouse steps? Or were you referring to the auctions that take place on courthouse steps?

I'm reading through your website on turnkey properties, very interesting. I think that's likely the best option for my goals (not so much time or effort, I still want to have a law career).

By timberland, I'm assuming you're referring to buying and selling land on which timber sits, not the outdoor apparel company?

Like you said, if I want to do this full time, I need to find a niche. In NY, I think that's going to be very hard to do. I'm willing to look upstate, but my broker's license won't help me very much in most states.

I didn't quite get your dad's attorney's involvement. He would do the legal work, but not charge any fees, and instead took a piece of the project?

@Ceasar Rosas, Commercial in NY is big game, meaning, it's really for the advanced RE pros? Or there's a lot to catch still? I'm assuming the best way to get into commercial would be to find an expert in NY and try to learn from them in exchange for whatever value I can provide.

Any advice on how to get into property management? I just did a quick Craigslist search to get an idea of the market for property managers. It seems a lot of landlords, especially in NY where landlords typically own a lot of real estate, would use big companies like AKAM, etc. Seeing as how I have no experience or knowledge of property management, I'm not sure the best way to break into it, and whether my broker's license gives me an advantage now or down the road. I'm not saying I'm only looking for an advantage now, as I'm playing the long game, I just want to make sure that my strategy for the long game is sound, and that I'm leveraging any advantage I have.

Another fantastic reply. Very informative, thank you! Just one more question if you don't mind...Aside from actually buying and selling houses, are there other alternatives on what I can do with a brokers license? Use it to help investors find properties or access MLS listings for a small fee? Something tells me there'd be ethical problems with that though.

I'm really interested in investing and/or flipping, not just run of the mill Real Estate brokerage.

Cesar, this is an excellent reply, thank you very much! I will look into all of the tips you provided. A couple of quick questions. When you are talking about the companies that recruited me, are you talking about a regular old real estate company? Like, Coldwell Banker, for example? Or are there companies that specialize in bringing in brokers?

2. Any advice on how I know if a company offers training? Do I just ask them? Is there something about a company website or description that might clue me in?

4. Do you have any advice on finding the best listing agents, and how I can convince them to bring me on as a buying agent?

I love the sound of that meet up. I'll look into it and see if I can attend in July. Thank you again!

Hi all,

I'm very new to the world of RE investing, still in the information-gathering stages, though now I'm actively looking for that first deal.

I'm an attorney in NY, so I got my RE Broker's license as many people suggest. I'm now a licensed broker in NY, but with no experience in RE.

What advice do you have for what I can do to (A) make money, and (B) develop the long-term skills or knowledge I'll need to succeed in the meantime?

Thanks, all, for any input you can provide!

-Scott

@Sal Mazzone, what methods do you generally use to look for properties? I've been scourging certain sites. There's one property I'm seriously considering, but my main concern is that it's been on the market for over a year. Granted, it's dropped by about 50% over that year in asking price, including a drop of $75k over the past two months. My concern is, if it's a good investment, why hasn't it sold yet? 

Hi all,

I'm looking for an investor-friendly realtor in Westchester to help me with my first purchase. Specifically, I'm looking to buy, flip, and sell, and the areas I'm most interested in are White Plains and New Rochelle. If there are other areas nearby that agents/realtors/members would recommend, I'd also be interested in hearing about those. Thank you all!

Also, this community is excellent.

Hi all, thank you for your warm welcome!

@Xavier Navas, I'm looking right now generally at Westchester, and more specifically at New Rochelle and White Plains. I'd be interested in Scarsdale, but the initial investment would likely be too high for me.

Again, thank you for the welcomes, I will be spending a lot of time on the site checking out podcasts, the Education section, etc.

Hi all,

I'm 28 and a law school grad. I've been working temp law jobs, mostly in real estate, for the past 2 years, but for the last 10 years, I've been interested in flipping houses. Well, despite having a wife and child, I'm seriously considering giving it a go now. I've got enough home improvement/construction experience to be able to do most of a flip, and I know enough to know when I don't know enough and will have to hire an expert.

I'm looking forward to getting more involved in the community, and to learning a lot from this great site!

Best wishes,

Scott