All Forum Posts by: Sean Williams

@Allie Bloyd timeliness is definitely key in this market. Are you looking for properties thru the MLS or another source? MLS can be very tricky and I find most of the time people overpay for these properties right now, but there are still some good deals. Building a relationship with a wholesaler can be beneficial, however there's only a few good ones. You hunting flips or rehabs?

I'd be happy to meet over a cup of coffee to discuss how I operate with the investors I represent and see if there's any possibilities. I suppose that an agent, or anyone for that matter, could take the "sweet" deals off the top for themselves, however I always put my client's interest ahead of mine. If there is a property I am interested in I'll let my clients know that I am interested and that I plan to take action in X amount of time if they don't do so. Also, keep in mind that what might be a good investment for me, might not be a good investment for you; therefore outlining exactly what you're looking for is so important....

@Allie Bloyd what are you looking to do?

@Jared Yates Hey Jared and welcome to the BP community, lots of great resources here! I have been a licensed agent for 8 years now, have been investing for about 3-4 years and currently work with investor-clients.

I really enjoy my work and the variety of people I meet on a daily basis. No 2 days are the same which makes things interesting as you already know with being a paramedic. This also comes with long hours and many daily challenges. As Jim said, there's always a problem to figure out and when you're dealing with people's property and a large financial transaction things can get a little sticky. The industry has always been advertised as "no ceiling on your income" and "flexible hours" which can certainly hold true, but I can also attest to the fact that there's not a floor on your income either, and I find myself working many evening and weekends. I can be very difficult to "turn it off" when you're at home. You'll find that about 80% of the income is being produced by the top 20% of agents. 

I have seen in many instances where someone might go 3-6 months before actually getting a paycheck so Jim makes a great point that an 8-5 job when starting out isn't necessarily a bad idea. At the end of the day it can be a very rewarding career if you're willing to put in the work and build long-term relationships. 

I went to HomeServices Real Estate academy which was perfect for me. The instructors were fantastic and I passed the test with relative ease. You'll find that most real estate brokerages will be welcoming to new agents - after all, more agents = more money - but I would really seek out an agency that provides entry level as well as continuous training to stay on top of the market.

If you have any additional questions or if there's anything I can do for you feel free to give me a shout. Best of luck!

@Juan Espinosa glad to see you all take my recommendation and hop on board :)

You'll find this to be a valuable resource for you and Laura as you move forward, but as always Im just a call away. Thanks my friend!

Greetings - 

I am simply looking for any & all wholesalers in the Louisville market. Please direct message me so we can link up to discuss my parameters and possibly get setup on your mailing list. If you wholesale in the West End I am not interested, everything else in Jefferson & Oldham County is fair game.

Thank you!

@Michael Seeker I was a little surprised by the data as well...prices are definitely appreciating around here!! Many times data/numbers like these need to be taken with a grain of salt. But like you said, maybe it will scare off some other hopeful investors :)

@Ron Burmeister thank you for the warning! I have had a few clients want to submit offers on these properties and I have heard nothing but headache. After doing some reason I saw over 800 complaints filed along with an investigation from the CFPB. I am always a believer in using your own title company no matter what! 

@Clay SmithVery cool, count me in!

@Brandon Hall Thanks so much for the input, this is in line with what my CPA has told me but I just wanted to double check with the BP community.

@Steven Hamilton II Thanks so much for the input. In regards to the gift tax...does the $14,000 exclusion get deducted from the $150k market value to give you the tax basis? And any idea what the tax rate might look like, not sure if it's different per individual or not?