All Forum Posts by: Jason Crews

@Russell Brazil. What about flat rate brokers, and running the profits through an LLC or S-corp. Wouldn't that eliminate most of the broker's share, and save on the self employment taxes?

@Mike Hannemane,  from my understanding, when acting as your own agent you can keep the commission, or have it credited toward the purchase price.  It seems to me like an easy 3% ish percent equity gain or a way to reduce the loan a little and increase cash flow a bit for almost nothing, that's my thought any way.  

I haven't decided what I'm going to do yet, but it was just a thought.  That's what you all are for :)  Thanks for all the information, everyone!

@Justin Owens, are you a full time realtor?  If not, how does that work with your broker?  

In the next few years, I hope to be able to start investing in real estate (buy and hold, multis), and in the next couple of year I will probably be purchasing a new personal residence. It occurred to me that I may be able to save a few thousand dollars if I act as my own agent.  

I live in Arizona, so school itself isn't that expensive (abt $400), which leaves the exam and any licensing fees. However, lets say I purchase a $300,000 home, I can then get a credit of about $9,000. Later, when I start investing, I'll have the same advantage and be able to access the MLS.

It seems too good to be true, so please feel free to burst my bubble.