All Forum Posts by: Matt Inman

Welcome @Jim Briggs I'm always looking for my next project, feel free to reach out to me with any opportunities. 

As a rule I typically don't like to show projects before they are completed.  A lot of people don't have the imagination to picture the house in a finished state and it's more of a turn off to them.   But your milage may very and the buyer might be able to image the finished house. 

Thanks for setting this up @Peter MacKercher, I'll try my best to make it.

Congrats sounds like a great first deal, I wish I'd have started at 20..

I agree with Steve the number do look good, I'd get real financials and see if they stand up to your due diligence.   Some things to think about as well, Repairs and Maintenance, Administrative/tax fees, contract service(snow and grass)  those can add up fast as well.

Let us know how it goes @Rick L.

Welcome @Josh LeMasters.  

@Michael Franklin Welcome to BP!   I have some experience with those areas,  Particularity with the Festus, Crystal City.  I also have a few Property Management contacts that you could reach out to.  Send me a PM and I'll forward you the information.  

@Tim Hagins I asked this same question from a friend of mine, here's the response.

Pre exam class $395

Practice exam class $200

St Louis ***. of Realtors $629/yr $275 app fee (price varies per office) (optional depends on brokerage that holds your license) if broker belongs, you have to too.

Continuing Ed. $30/class 4 classes or 12 hrs required. (every two yrs)

Errors and Omissions insurance $650/yr (varies per office, depends on brokers experience)

Desk fees, commission agreements or referral only standings ( this all varies depending on what broker you choose to hold your license and can vary greatly.

MLS fees $60/ quarter

MO real estate license application fee and renewal fee $50-100 each time

Supra key $25 processing fee, $140/yr

I'm sure there are some other fees in there, but hopefully that give you a good idea.

Hi @Alexxa C. it sounds good, my only concern would be your due diligence statement, most of the people you will be dealing with want a fast close.   Saying it may take 30-60 days to get their money might put a few people off toward going with you.  Most people you are targeting will be getting multiple mailers and calls and those people will be closing the deal as fast as they can.  You might just say "I will need some time to due my due diligence".  

Just my 2 cents.

Yep