Each state has a Division of Real Estate who oversees broker operations & requires broker's to adhere to incredibly strict accounting procedures, audits and care of all of this money that flows in & out of their hands that is that of the client's (you) or the tenant's.

Spend an hour with your CPA so you setup a tax procedure and to maximize your tax savings.

.); the process is also explained in the policies and procedures booklet I leave them.

We stick to very strict procedures and budgeting, so when we get our next property this year we can just add it to our existing procedures. 

You need: business license, errors and omission insurance, a relationship with a title officer, an attorney to sent up structure, attorney to write the disclosures and documents, professional website, clients, a business plan, what type loans you will do rules ins and outs, CPA to set up procedures, bookkeeper to do payoffs/ annual state and federal reporting/ process payments/verify taxes and insurance are current, you cannot talk to ANY owner occupants or you get fines and jail time, without an office address or history you won't appear genuine, you need to answer the phone 10 hours a day, have construction costing deep knowledge, able to pull comparables and AVM's in seconds, able to pull a tri merged credit report, have vendors linked to your cloud based loan processing system just to name a few.

And we are taking economic procedures right now that are going to serve to further reignite the economy when all this passes.don’t forget, ’cause I’m sure everybody has, swine flu outbreak 2009, 2010, right here, United States of America, 60 million Americans infected. you have to visualize this, 300,000 hospitalized.

And we are taking economic procedures right now that are going to serve to further reignite the economy when all this passes.don’t forget, ’cause I’m sure everybody has, swine flu outbreak 2009, 2010, right here, United States of America, 60 million Americans infected. you have to visualize this, 300,000 hospitalized.

Regardless, you need to implement insurance and proper management procedures, regardless of how many assets and equity you have.

So stuff like that will need massaging.

.), you can’t recognize a good deal until you’re an expert at evaluating a deal5) talk to lenders and determine the type and amount of funding you can attain6) search like crazy, have fun with it, be patient, only pull the trigger if the property meets your criteria, don’t massage the numbers too hard to make it work