Huy 2 cent on the current economic cycle

not an economy

printing money

asset price increase

everything you touch become gold.

unproductive envrionment

alot of money and no productivity

unhealthy inflation

higher cost for everything

since there no real productiviity, average american could not afford it which lead to social unrest

last thing the goverement want in their book is social unrest

only tool - raise interest rate

raising interesting rate - you basically taking the money out of the system but at what cost and does it really solve the problem

as you can see, the housing marketing cool down. stock market enter bear teritory. business slow down on their investment which further hurt the country productivity.

we have some x factor such as the us embarassely pulling out of Afgan

the war in ukraine. other non-western country taking delivery of gold according to differene new source

why i am telling you all this?

I just see more and more evidence that the US Dollar is loosing value as the world reserve currently. and fortunately, or unfortunately everywhere we made is denominated under us dollar,

If you have any non income productive real estate right now, may be thinking about selling end and really adding on your porfolio asset that are recession proof, income producing real estate. buying the house and hope for the value to go up is no apply in the next couple year,

unless you know how to find home for cheap and flip it

Owning gold and silver will not make you rich, but if there is a senarios where the US really lose his plate as a global reserve currently. You will see hyper inflration and be glad to have some gold

until then, lets go out to the market place and produce. being productive has been and will be the only way to get us out of trouble.

What you are going to hear is a very different opinion about the eXp Mentor program. As much as I love the company, and I am a Certified Mentor, I do think that new real estate agents need to look at the eXp Mentor program agreements closely and decide if this is the right option for you. If yes, then, how do you pick out the right Mentor? Not all Mentors are created equal, and not all Mentors and Mentees will click with each other for various reasons.

Let’s address the fact straight out first before I get too deep into my opinion.

According to eXp Realty. “The Mentor Program provides newly licensed agents with a partner and a path to gain the fundamental knowledge needed to start building a successful real estate career. Each new agent, aka mentee, who hasn’t done at least 3 transactions under their belt, is paired with an experienced agent who has been certified through the Mentor Program. Mentor and Mentee usually share the same geographic area”

On top of that, mentees will be enrolled in a 10-module course on real estate fundamentals that will help them jump-start their career in real estate. The workflow is below.

Instead of the regular 80/20. The Mentee split will be 60/40 with an additional 10% going to the mentor and an additional 10% going to the mentor program for the 1st 3 deals.

The eXp Mentor program sounded amazing on paper! New agents will get all the support they need. They close their 1st 3 deals, graduate, and know exactly what to do in real estate right?

Here comes the 3 main problems:

Who is Jeff/Amanda? How did you guys get into real estate?

Do you always dream to be a real estate agent when you grow up? what was your life before getting your real estate license?

A lot of agents on this podcast are looking to scale their business from a solo agent to a team, even myself, I have been a solo agent for years. If you could slow down and help solo agents like me understand the decision on why you decided to build Cityside Properties, and especially how you scale Cityside from basically just you to a team of how many agents now?

Seem like things are good where you are at KW, why all of a sudden, risk everything and move to this small tiny company called eXp 4 years ago?

If I understand correctly, You are still active in real estate and your team is selling 600 homes a year. If you don't mind me asking what your system looks like now after you get a listing/ buyer? I'm just curious to see how the deal flows through your desk until closing

Not only are you able to build your cityside properties team, but Over the course of 4 years with exp, you are able to build your revenue share organization up to 1000 active agents. I mean how! If you don't mind we will dive deep into this aspect of the revenue share of eXp a bit that not a lot of agents are aware of.

What did you do to get to 10 agents?

What did you do to scale this up to hundreds of agents now?

What is your goal for 2023 and how can we help you?

_____-

What do you do for fun?

What business or real estate book comes across your mind right now that is a must-read for 2023

If you can't pass any money to your kid, you can only give them one piece of advice before you die, what would that advice be?

Panel questions: 

1. Introductions-your story in 2 -3 min

2. Describe your business 6 months ago versus today. 

3. In your opinion is it still a sellers market? 

3b. Buyers have been exhausted in the past year, what changes are you seeing today & how are you coaching your team to handle it? 

4. How do you explain this market to sellers & set expectations  in this shifting market? 

5. What marketing techniques are you & your team implementing? 

6. What’s your best advice to Rookie agents? 

7. How do you keep a positive mindset when the news focuses on the climbing interest rates & inflation? 

8. What book are you currently reading? 

9. Best tips for keeping production up during a shifting market….

10. Q&A

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#housingmarket

Panel Discussion: What does it take to success as a new real estate agent?

Let's hear it from:

Tammy Huynh

https://www.instagram.com/tammytalkstexas/

Christina Quach

https://www.instagram.com/cquachsellrealestate/

Lissa Lee

https://www.instagram.com/lisalilee888/

#newagent #htx #realestate

follow Khai for the Simple secrets of success for new real estate agents

https://linktr.ee/khaitranrealtor

How to use Short Term Rental and ADU (Tiny House) to Supercharge your ROI in Real Estate. 

#BRRR #Tinyhouse #Airbnb

Show note slide

https://docs.google.com/presentation/d/18zaPJQIKZUyMN_ibTSitItjMi1VoSAPRi61u1I0GWKs/edit?usp=sharing

In This episode I will cover my note and key take away of the eXp Shareholder Conference 2022. and a few thought on my head on what to do when things are uncertain.

Some of the link and note mentioned in the podcast can be found here:

https://cashflownotepad.com/2022/06/24/exp-realty-shareholder-conference-2022-recap/

Some random thought came to me while i was playing at the pool table and how to generate real estate lead via social media. 

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How Residential Agent can get into Commercial Real Estate & the proven path to success in Commercial Real Estate