You completely ignored management (whether you do it or not), maintenance, capital expenses, vacancies, utilities during vacancies, advertising, entity maintenance, legal fees, damage done by tenants, evictions, court costs, lawsuits, fuel so that you can drive to your rental 1 1/2 hours away, etc, etc, etc.

Apparently they offer this program and also offer a referral fee if you introduce a client.It appears that all this 2percentmortgage.com company is doing is setting up the introductions and getting paid for it.

I refer potential deals to investors, and I charge a referral fee to do so.

I had an entire room cry foul when I described my late fee program in Massachusetts, claiming I violated the law and that late fees were not allowed; a few seconds later on my PDA, I downloaded the specific statute the allowed precisely what I did.

I pay 25% Referral fee.

Now as a realtor if you are selling your own house then you will save on the listing fee, you will have access to the MLS to pull comps, and you will have some contacts starting out (at least the other agents in your office).I personally don't have my license, and have come across very few times that I wish I had it.

ok cool I love my mom and my parents - and since my mom is a real estate agent I didnt want to work with her as personal feeling or other things might get in between my ideas and purchases, so anywaysmy mom was explaining to me that since I am renting now I should be buying a house with a multi family and rent the upstairs floor, this will save me lots of money, this makes sense, since I do still work and do real estate investing on the weekendsbut I am still within my lease and can not get out (I can just lose my deposit and pay another fee) I was thinkin of gettin a multi family and renting both out with a pretty good ROI - this will profit me some money in my pocket though it will not be big atleast there is still cash in my pocket.What do you think I should do find a property and live in it and lose my deposit or stayin renting until the lease is up and currently get a investment property?

I just did as you suggested and the one property manager I did like charged like 10% with a $200 fee for finding a tenant.

This does not mean hoever, that you can't take a large (non-refundable) option fee from your buyer before the loan closes.Good luck,Rick

Then I must deduct all property taxes, water/sewer fees and liability/hazard/fire/flood/hurricane insurance.