All Forum Posts by: Stewart Vargas-Sosa

Alex Knights if you are ever interested in flipping Orlando just let me know!

Hi Justin, 

For listed properties have your agent look specifically for properties where the owners will consider financing it themselves to you. Seller financing is one way to work around having to get approved by a lender if your credit is not so good. Your agent should be able to see the kinds of financing that a seller will consider. You can also get seller financing on off-market deals, but you would just have to do more research/work with those (e.g., talk to the owner) since the owner's preferences aren't neatly written down in their listing (since there is no listing). 

Just a thought.

Good luck!

Stewart

Hey Juan, 

I think that it would be worth doing if you have the opportunity to. However, you most definitely do not have to go through a formal university education specifically in real estate to be successful. Most investors learn along the way. Don't underestimate how much you can learn through this site and especially the podcasts. I've taken formal real estate courses in school as well as courses to complete my real estate agent certification but I probably have learned more about investing in particular through BiggerPockets. 

Read the BiggerPockets books and start listening to the podcasts and you will begin learning very quickly. 

Good Luck!

Cool :) @coreysanders 

The median price is just that, a median. Perhaps the particular house you are looking at is one that is located within the neighborhood yet is on the lower end of the median range. If the house checks out you may have a deal on your hands considering what the other houses in the area are going for. You'd want to run proper comps to make sure though. 

Hey Vee, I started learning about investing relatively recently as well, and while I haven't done my first deal yet, I would say that a website and LLC is definitely not a necessary pre-req to getting started. That is, you do not HAVE to have these in place to begin. In fact, I would argue that creating an LLC from the get-go might be more of an impediment than anything because of the fees associated with its creation and maintenance, not to mention that it makes obtaining financing much more difficult than if the property were in your name alone. While an LLC does offer personal asset protection, there are other ways to cover yourself as well, such as an umbrella policy. As for the website, I think it depends on your business strategy, but again, this is something that could be added as you go.

Also interested in knowing how receptive brokers are at taking in part-time agents that are mainly doing it for investment benefits. Guessing it is highly dependent on the broker, as already mentioned.

How receptive is KW to taking on part-time agents/investors?