As an agent I wish we would go back to at least 2-3 months of supply, everyone thinks this market is great for agents, but it is brutal.

I specialize in lead generation for agents and wholesalers, and I’m here to learn and share strategies

The rule I use is to double the money after five years in case you need to sell.Meaning, with your initial investment of 132k (down payment plus initial closing costs), and considering an additional 5% closing fee of the home’s value when you sell (roughly another 30k for agent and lawyer fees), your total upfront cost plus closing on sale would be around 162k.

That is the best track for agents who are veterans because you will understand more about buying when deployed and the transient nature of ownership if you are still in so this is smart.

As compared with local lenders credit unions the reporting requirements are vastly more for agency loans.John

You are not interviewing for a job, you are deciding if you want to work together more so.A few things to ask or decide before going in1) What training do you offer2) Do you offer leads3) What are the typical commission splits and what fees do you have for agents?

Look for agents with experience, local market knowledge, communication style, and connections to resources.

IF we sold it, assume 10% for agent, transfer fee, etc to sell.

Offer to sit open houses for agents (you can do this through your state Workplace group), attend eXp’s virtual and live training & networking events and of course work with your Mentor who should be able to best guide you.  

if they are not cutting it as agents they certainly wont as wholesalers.. wholesaling is so much tougher and capital intensive.. wipe out rate for agents is what 70 to 80%  and wipe out rate for wholesalers is about 95%..