Something I have alway wanted to know...

General Real Estate Investing
1

I have been seeing Carton Sheets and others on T.V. for years. How do you Realitors feel about his ideas of buying real estate with no money down. Do any of you do that? If you had seen his course before you became a realitor would you have followed his course or would you still have become a realitor?

Thanks
Clint

2

You always to come up with some money down. But the idea is little or none of your own money.

What about using the lender’s money and for the Down payment using your credit line.

Or 100% financing.

3

Thanks manny, how about the second part of my question. I guess what I really want to know is if Realtors think they could take someones course like Carton Sheets and make money with it without being a Realtor, or if they would make more money being a Realtor. I hope that makes sense.

Thanks
Clint

4

yes, you can take a course and make it if you applied what you learned on a daily basis. Big difference between a RE investor and realtor. As an investor you don’t need a license to make a lot of money.

5

I bought two investment properties zero down before I became an agent. I got my license because I wanted to start my own business as a broker. You can make a lot of money becoming a broker while continuing to invest.

I like being an agent and investor because both go hand-in-hand. As an agent, I get to attend industry conferences and network in circles that an investor won’t have access to. As an investor, I get the real scoop on what the market is like and network with other investors. It’s a great combination.

Many agents hate zero down because it puts the client in a weaker position than if they showed the seller they can put more down or pay cash for a property. If I have a zero-down person, I just talk to the agent before submitting the bid to let them know the client is serious, but just using leverage.

6

Great post Dee!

I’d just add; a Realtor is a real estate agent that belongs to a real estate organization. Not all agents are Realtors

7

hello

I have a saying that the only license you need for realestate investing is your driving license.
Also keep in mind that is the only license they ask at closing when your at the title company?

peace
savannah

8

Of course no one “needs” a license to invest. At the same token, just because you are a real estate agent, it doesn’t mean you can’t be an investor. We can go around in circles discussing all-inclusive statements.

9

Thank you for the information, very good answers.

Clint

10

I was wondering the same thing. Checked out the bookstore and found “Real Estate Dealmaking: A Property Investor’s Guide to Negotiating” answered a lot of my questions.

11

I have a saying that the only license you need for realestate investing is your driving license.
Also keep in mind that is the only license they ask at closing when your at the title company?

If someone wants to become a real estate investor for financial independence…then why not get into the only business (I can think of) which will teach you all about real estate while making you $$$'s?

If you’ve the financial wherewithal to get you over the rough spots, and you’re able to ‘make it’ in real estate, and you’ve an interest in investing…then I think you’ll make a lot of money.

At the very least…you’ll know that sellers typically pay agents commissions, and then you’ll be ahead of the curve!!!

Sorry…I couldn’t resist :stuck_out_tongue:

12

Dee and Infowell,

In your experience, what percentage of agents or brokers actually invest in real estate, other than the home they live in?

I would think that they are sitting on a gold mine, but most of the licensed professionals I meet don’t like to invest in their own product. I’ve met some, but they were the exception, not the rule.

13

I’d say it’s maybe 1 or 2 out of every 10 that I meet. I think the reason many don’t invest is because there are so many agents who are barely making it is that they just don’t have a handle on wealth-building or how to run a business anyway.

The agents who are successful are often the ones who invest in stocks or real estate. Very few residential agents do flips. Most invest through rental units. A few that I’ve met own apartment complexes. The agents who do commercial real estate often have at least some residential investments and maybe even a commercial property.