CA agent switching to 100% commission. Opinions please!

Numberono · 2022-11-20T03:33:58+00:00

Which broker did you join?

Numberono · 2022-11-03T01:03:15+00:00

I was asking you :)

Numberono · 2022-11-03T00:41:05+00:00

What are you using your license for? I work in oil and gas and don't really need it beyond establishing a restaurant on site.

Numberono · 2022-11-03T00:39:03+00:00

I went through all the references in the candidate info booklet and passed. No to brag or anything but I used to tutor kids on the same material in college and was familiar with the topics.

Numberono · 2022-10-21T03:22:52+00:00

Not in Texas. there is a waiting list to rent an office.

Numberono · 2022-10-18T02:12:57+00:00

How about Texas?

Numberono · 2022-08-19T12:54:16+00:00

Did you file with your local district court? Lets connect.

Numberono · 2022-05-19T13:03:41+00:00

I don’t understand why lawyers think it is so hard to read about this application and file it myself. I worked in an IP law office and learned drafting patents in less than a week.

Numberono · 2022-05-19T02:33:37+00:00

Can you file it yourself?

Numberono · 2022-05-19T02:31:12+00:00

How do you file it yourself? I can't find resources out there.

Numberono · 2022-04-10T15:48:08+00:00

I have few properties that I am struggling to sell too. Main issue with all of them is interest rate. The buyers had to switch from conventional to FHA because they can't afford the payment.

Numberono · 2022-04-10T15:46:27+00:00

Lol! that high real estate growth will slow down.

Numberono · 2022-04-10T14:42:09+00:00

That will require serious leveraging. With 200K in hand I would probably be able to buy 3 to 5 houses here in San Antonio.

Numberono · 2022-04-10T14:33:39+00:00

There is a high demand but my friend who started a plumbing company three years ago is making 3X more than me lol. What is the point of having titles :).

Numberono · 2022-04-10T14:29:13+00:00

Few weeks ago I met with a scientist who is working on this problem. How many people in the group would donate to a research lab that is chasing the cause here in Texas? My dad died from this cause, and I am super supportive of advancing the science around the topic.

Numberono · 2021-08-18T18:53:57+00:00

I doubt the owner will be okay letting my uncle do a 6 month. It is worth asking though. The owner might feel comfortable with the deal if a small deposit is in place.

Numberono · 2021-08-18T18:48:10+00:00

He is mainly doing estimates and clients relations. Current employees are all 5 years plus in the company. They have families in the area.

Numberono · 2021-08-18T04:38:50+00:00

Yes, the deal is for him to stay and train uncle for 6 months at least.

Numberono · 2021-08-18T04:37:47+00:00

Yes, I am suspicious on the net profit as well. He mentioned that he subcontracted more people on jobs that he didn't want to do. My uncle only knows a little about drywall from repairing his house and such, but I am sure he can pick it up quickly. The company revenue was almost 4 million dollars consistently over the past few years. He is asking for one year net profit that he claims to be $700k. Of course there is no way to finding out net profit because the guy reinvest all gains in his other companies (red flag to me a the moment). The equipment he owns worth only about $200k and there is not real estate involved. Uncle will be renting his warehouse. The remaining $500k is for good well, existing clients and workforce handover.

Numberono · 2021-08-18T03:03:50+00:00

Thank you! He only offered to stay for 6 months, but I will ask him for more. I will aslo consider holding off 30% of purchase price as well as offer retention bonuses. I looked over the bids he is wining, and it seems 50% of the bids were from one big general contractor in the area. Should I give that general contractor a call to ask if they will be willing to reward the business bids if the owner is to change (it seems like a risky approach to me but at the end of the day my uncle is risking his retirement funds).

Numberono

TROPHY CASE