All Forum Posts by: Charles Stewart II

Thank you for the reply.  You certainly know your loans; the 203k and the Homestyle. Thank you again!

Hi,

1. What are the advantages and disadvantages with using the 203k or Fannie Mae Renovation Loan vs Hard Money Loans for fix and flip properties?

2. What are the advantages and disadvantages using Hard Money Loans for fix and flip properties?

I have access to loan programs for fix and flip investors and fix and rent investors, which are through a lender.  They are the 203k loans and the Fannie Mae Renovation Loan.

I also have access to Hard Money lenders for fix and flip investors and fix and rent investors.

I am trying to compare and see which options are best.

Thank you in advance!

Hello All,

I am a real estate agent and I am looking to "work" expired listings.  I would like advice on where I can find accurate names and telephone numbers of owners of homes whose listings have expired.  I know there are a number of companies that claim to have the information for a monthly fee, but I have been researching and found that some of those companies do not have accurate data.  

Any help from anyone who are or have been successful working expired listings, I would greatly appreciate your help.

Thank you in advance.

Charles

Can I make $3,000 per month as a Loan Originator on a commission basis? How soon can I begin to make $3,000 per month on a regular basis?

I am not looking for a get rich quick plan. I am looking to earn an income within a month of starting.

Thanks for all answers!

It would seem that a LO would make more.  Tell me if my math is wrong.  I've been told that the average REA sells about two houses per month.  I've also been told that the average LO works with about 4-5 agents at a time. 

If a REA closes two loans a month and the average property amount is $200,000, then that agent would make $144,000 per year. ($200,000 x .03= $6,000 per closing; then, $6,000 per closing x 24 closings per year= $144,000 per year)

If a LO works with 5 agents who all close at the rate of the agent noted above and earned 1% of the loan amount, then that LO would make $240,000. ($200,000 x .01 = $2,000 per closing; then, $2,000 per closing x 24 closings = $48,000 per year with one agent; then, $48,000 per year x 5 agents = $240,000 per year)

It seems that the LO would make more in the long run.  Is this correct?

Thank you for all replies!

It would seem that a LO would make more.  Tell me if my math is wrong.  I've been told that the average REA sells about two houses per month.  I've also been told that the average LO works with about 4-5 agents at a time. 

If a REA closes two loans a month and the average property amount is $200,000, then that agent would make $144,000 per year. ($200,000 x .03= $6,000 per closing; then, $6,000 per closing x 24 closings per year= $144,000 per year)

If a LO works with 5 agents who all close at the rate of the agent noted above and earned 1% of the loan amount, then that LO would make $240,000. ($200,000 x .01 = $2,000 per closing; then, $2,000 per closing x 24 closings = $48,000 per year with one agent; then, $48,000 per year x 5 agents = $240,000 per year)

It seems that the LO would make more in the long run.  Is this correct?

Thank you for all replies!

Who makes more money per year, real estate agents or loan originators?

Hello Bigger Pockets Community,

Thanks for the feedback. I know someone has an opinion about this subject.

Hello Bigger Pockets Community,

Thanks for the feedback. I know someone has an opinion about this subject.

Hello,

I would like to get opinions from real estate agents or loan officers on which career they feel is best and why.

What are some of the pros and cons of each career?

Which career provides the best income or earnings?

Which career will allow an individual to start earning income soonest?

Which career has the more stable or steady income?

Please feel free to elaborate as much as you like; the more the better.

Thank you in advance for your opinions!