Congratulations
It’s a fun job. I consider myself a bird dog,…just that I’m a licensed R…
not to say that you should get licensed
///pro
In my case, being a R. has really helped drill in the tranaction process.
But more importantly, when your clients are all investors, you get to “play” investor and still get paid.
I’m closing (I mean my client) on an 850k deal this friday. I’ll see about 1.25% of that (splits on larger transactions are often smaller. plus there’s a cut with the broker) and my investor gets a smoking deal on 6 2plexes; 5 acres, with space to build 2 more. Properties are still reletively cheap in Round Rock and the county (williamson) as a whole has been growing at a VERY healthy pace, steadily.
…So, what could be better? You can coordinate a deal from start to finish, get paid well, team up with your clients and invest the money you make from commissions. (speaking mainly of MLS deals of course)
\\con
You gotta know/meet investors. Good ones. Those who know when to fire a smart, quick offer. Here in Austin, a good deal on the mls will have over 10 offers the first day on market/CDOM/ADOM. True, there are more good deals from distressed owners off-mls than there are
ON-mls, but it’s foolish to ignore listed properties. anyone who’ll pay a large% to list has a certain level of urgency with their price and/or terms.
Sorry to ramble.
Bird dogging is fun whether you’re licensed or not. There’s so much to do, it’s a fulltime job any way you look at it.
Our market:
AUSTIN IS THE S***. For Real estate and social life
Austin is projected to have a job growth rate of more than twice the national average through 2006-2007. Our listing inventory has fallen below 9,000 for the first time since 2002 and it’s heating up, some areas already red hot… Get in while it’s still cheap.
– U.T. –
Rich from oil, alumni grants and knowledge=power. Incredible programs… a mecca for progressive intellectuals from all around the globe, helping make Austin the only truely “liberal” city in TX… about 5o,0o0 students too. (speaking in a PURELY non-political since, using the literal meaning of “liberal” found in a dic.)
…Too much to list about the Austin market…y’all.