All Forum Posts by: Ralph C.

@jason byrdsell,

Let me know if I'm missing something here, but 

If it said owned by Fannie Mae, you'll need to buy it from them...

Thank you

No conflict like Wayne Brooks indicated,

For example, In ga, if listing agent is related to the seller, it needs to be disclosed.

Otherwise business as usual....

Hey @michael b.,

For example, in Ga where I'm licensed, Some brokers offer plans that charge a flat fee membership of$100 for the  whole year,

Then each closing they charge a basic flat transaction fee of $229, plus you pay the mls fee to list the property and you keep the full commission.  

Yes it does vary by brokerage, and there are so many smaller brokerages out there that are very flexible because they are not part of the more larger names that mainly are interested in charging more desk/office  fees and taking more of your split. 

Larger brokerage firms typically do

25%/75%

35%/65%

40%/60% etc...

As for being involved in your listing, I don't understand what for?

I mean if I get a deal and put it on mls, it'll be listed under my name as main  listing contact., (but it will also have The office advertised  as brokerage office).   The office doesn't get involved with it unless you are doing something wrong, missing the proper listing/purchase documents ... etc...

Perhaps some offices are more stringent.

kinda doesn't look or sound too good.

once you have a re license, you can list and sell your homes. 

Look for a small  brokerage company that's more flexible and gives you more of your splits.

@rashad allen, 

Best way to get credible buyers is to check the latest cash deals sold in your market, you will be able to tell the investors from regular end buyers, then reach out directly to those investors. 

@jill h. 

I've flipped high end homes without staging, so I won't say it needs to be staged.  Perhaps the price point doesn't match the move in condition  and or the sold comps.....

Home looks pretty decent as is in those pics.

I'm  in atl also, if you dm me the address  I can provide some feedback if you are looking for some.

@mark plesha,

No sense in delaying setting up for your whole sale operation. You will be happy you did so your name and personAl assets stays out.

you can set up another entity that is the holding entity for the buy and hold properties.  Its a normal practice to Set up entities for this and to keep things compartmentalized.

At the end of the day, It really just comes down to the tax structure recommended by your cpa. 

@adam slack,

The llc will be the owner, buyer and seller of one or multiple properties, doesn't matter. You can flip 400 under the entity.  The llc is an entity unto itself , separate from you, you are just the managing member....assuming that is your plan.