All Forum Posts by: Kelly DeWinter

. read their current lease and notify them according to their lease.
. 30 days notice is the norm.
. A simple letter should suffice.

. Find a mini-me Someone like you
. Write out the exact job duties you expect them to do
. Decide a pay structure BEFORE you interview.

bottom line you want them to do the boring repetitive processes that frees you work with Buyers and Sellers.

Admin assistants want to be paid either a salary or hourly , profit share,performance pay does not motivate them

@Kenneth Wiley

. practice brevity when you finally find your position in the mortgage industry.

Follow the link below, then go interview with a few mortgage brokers. they will tell you exactly what you need to do,. Most brokers just require you to past the proper tests, then you become a 1099 independent contractor.

https://www.monster.com/career-advice/article/mortgage-loan-officer-careers

@Joseph Pucci

maybe

it's most likely you are not aggressive enough on prices, run your numbers and make offers based on your numbers. You will be surprised sometimes what a seller will sell for once an actual offer is submitted. if that fails you need to expand your sources of finding properties

Your numbers are wrong, your purchase loss would be =(mortgage interest+tax basis)+1st closing costs+deprecation+commission+2nd closing costs+seller subsidy+home inspection repairs+cost of any improvements+non rental property associated costs

@Cameron Holcombe

Try to become the first wholesaler who conducts and honest,truthful,ethical business model.

@Bodhi Knight

Subleasing is not a normal 'niche' in real estate. A landlord usually rents to a Tenant and unless the lease allows for subleasing space the lease is between tenant and landlord. The exceptions I know of are:

. Barber renting 'chairs' to hair stylists
. Nail salons renting desks to nail technicians
. Office Management renting conference or office space to contractors .
. Strip clubs renting time slots to exotic dancers. ( Don't judge me, A girl has to pay off her student debt somehow ! )

@Brett Burky

Residential notes are not commercial notes; they are notes secured by one to four residential units. Commercial notes are not residential. Commercial notes include notes on mobile home parks, office buildings, apartment buildings, shopping centers, businesses, parking lots and government buildings.

The amount of due diligence required before purchasing a commercial note can be enormous. A commercial note depending on the property can go from performing to non-performing quicker than a residential note. I know of one note purchaser who purchased a Note on a property that turned out to have Multiple UST's and ended up on the Federal Cleanup List. The note holder now has a 1.2 million dollar nor performing note.

In an auction, the only thing that matter are:
. That you have run your numbers ahead of time so that you know the highest number you are willing to go to and not a penny more.

The auction will start and go until it sells or the minimum reserve price is met. You will either jump in