All Forum Posts by: Ty Suggs

To piggy back off of @John O'Leary, I love The Loan Officer Podcast. Helped me a lot in my first year. Getting the license is the easy part. Starting to get loans in the pipeline is really hard at first. I would network as much as possible. Not only with potential leads and agent partners, but with other people in the mortgage industry. I say this because you will need to find a really good coach or mentor to help you learn how to generate business. Once I found my mentor, my career started to take off!

Best of luck, and thank you for your service!

 Grind as much as you can your first year. Start on the broker side. A lot of direct lenders layoff their people, so its worthwhile going independent. Plus you have the flexibility of working from anywhere. 

@Ty Suggs - SF bud ... call Marc Arrington. Tell him I sent you. He is a Marine turned mortgage originator who is building a business somewhere on the coast of NC. Even if he cannot connect you with a job, he will absolutely have some valuable insights and as a fellow Marine, I would trust him to work towards your success. 9012197911 

Another Marine turned mortgage guy I've done a deal with is Chris P located in CA. 9095340238. He won't be a local connection, but as a Marine, again, I am sure he would be willing to help you craft a path towards success. 

SF ... If there is anything I can do as you head towards Raleigh, give me a shout. 9195300355. 

Hey TY,

First off, thank you for your service in the Marine Corps. I recommend listening to the Loan Officer Podcast with host Dustin Owens. Fantastic podcast that will answer all of your questions. I'd also network at the NC REIA in both Raleigh and Charlotte. It's one of the best REIAs out there.

Good Luck!

Incredible opportunity around Raleigh. So many rentals are unaffordable. Studios are in the $800s and 1 BRs are over $1,000 in most cases. Best to find a property that has 1 bathroom/resident to minimize the headache and arguments. Alternatively, build in the cost of a cleaner coming to handle common area when running your numbers...helps the arguments over hair on the bathroom vanity + great marketing of amenities you offer (and makes your home clean for you if/while you're living in it on the tenants' dime).

Just be conscious of the tenant base/mix, especially if you're living there. A night nurse might seem like a great idea since they'll be at work a lot and less stress on the property but if they sleep during the day and you have a conference call you need to talk on or have a pet, this can cause rifts in the relationship and viability of the tenant quickly.

Otherwise, just make sure to do full background/credit checks and leases on the front-end, be a friend/roommate whenever you can, and a landlord ONLY WHEN NEEDED.

Hi all,

I'm 19 years old and will be moving to Greenville, NC in August.  I just wanted to see if anyone is around that area that may be an investor, wholesaler, cash buyer, or someone that can maybe help with the path I want to go on.  I'm thinking about wholesaling first so I can then invest that money into a multi family property and keep building the empire I always dream of.  If anyone is around Greenville, NC...let's connect and chat.  I always have questions as I am practically in love with real estate and am always on bigger pockets and trying to gain knowledge from other sources. 

Hi Ty - I am out of Raleigh and I am househacking this way. It has been an immense success. If you are looking out of Greenville you might consider Airbnb'ing the rooms instead (either short-term or mid-term) of renting by the room long-term. You would be in a good position to cater to travel nurses and students who just need a few months out of the year and are willing to pay much higher rents (in my experience.. nearly double) versus traditional long-term tenants in this scenario would.