All Forum Posts by: Morry Eghbal

Friend, there are benefit to both, you don't have to leave one for the other, You have a lot of opportunity by being a Realtor and finding deals. 

pay if off.

work for a office with great training. don't worry about the commission split, get all the training you can get for the first year. team up with a top producer if you have to and work as his assistant. you need a solid foundation for a successful business.

leave it alone, it is a cash caw.

Look at zillow it gives you a good idea of what is out there to buy and to rent. make sure you have a good cash flow at least 30% of the payment and you will need that to maintain the property.

example

$700 rent

Mortgage $500

you really need the $200 to float the property...this is not spending money.

as much as 30% is the cost of maintenance and vacancy.

Sir you cost is too high, consider 10% just to sell the property, you margin is to small.

I would not sell it owner financing, if they default you up for a long haul foreclosure.

the lower the number of units the harder it is to get a cap rate. for example in California in a desirable area a fourplex could go for over a million dollars, the ration in many case do not make sense. only because the buyers are looking at the quality of the neighborhood. 

Welcome to BP friend.

Here is a simple tip for your business.

Get a salable listing, sell it, tell the world about it and get more because of it.

If you concentrate on this, here in a there the investors will follow you.