30 April 2020 | 2 replies
With the average house being 250k I’m assuming it would go like this:10,000,000$/250000$= 40 homes as either the buyers or sellers agent in the transactions. 40 homes/12(months in a year)=3 houses monthly.Commission can be dropped as low as 5% under the law meaning the buyers agent and sellers agent would get 2.5% on the sales and that’s not even factoring in paying out the broker who manages them.
30 April 2020 | 4 replies
They want to rent for two months and then renew for another two months if second job is still available as with Virus situation, it is not known if the job will indeed be there in two months due to many factors including Shelter In Place law..
1 May 2020 | 2 replies
Make sure you understand the distinction and the LTV requirements.For any type of mortgage or HELOC, your credit, income, and debt-to-income ratio will be primary factors in determining whether you qualify for the financing.It is not that difficult to build up a decent credit score.
30 April 2020 | 6 replies
Guess I will have to factor that into the equation, thank you!
4 May 2020 | 4 replies
The biggest factor for me was that I was able to learn and get more insight on REI with my license.
7 May 2020 | 5 replies
I just want to add three things:If you think getting licensed will be a distraction from your goals, you might want to reconsider.On the other hand, I wouldn't let cost factor in to your decision much, if at all.
6 May 2020 | 12 replies
Most "cash" buyers these days are using hard money, and require a similar due diligence period.I guess what I'm getting at here is don't let your internal excuses be a limiting factor on your plans.
10 March 2021 | 7 replies
Make sure to factor in property age, size, amenities, etc.
5 May 2020 | 33 replies
Factor in the principal pay down when analyzing your losses..likely small, but it is part of your return.
5 May 2020 | 9 replies
Focus on factors you can know (laws, economic trends), insure against those you can't control (i.e. floods, fires, earthquakes, etc), and have large reserves and a good exit strategy if things change, making the investment no longer desirable.