All Forum Posts by: David Toupin

Hi All! 

I am starting to get into real estate investing, and was told that getting a real estate license is a great way show I am more serious about investing and will help my name carry more weight to bankers, other agents, potential investors, etc.  

I have heard they can be expensive each year to continue to keep your license.  Can someone list out all of the expenses that are associated with getting a license, maintaining it, renewing it, etc particularly in Michigan?

Best,

David Toupin

@Jeff Rabinowitz Thank you for the quick and informational response!  That is very helpful, and I will indeed look further into specifying "close by date" and penalties in an agreement.  

Good to see there are other investors in the area on BP, I lived in Farmington Hills as well. Best wishes, and thanks again!

I currently rent a townhome, and I am planning on purchasing a property this summer to live in for a year, then rent out the following year.  My current lease ends the first week of August.  How do I time the purchase of the property so that I can move into it the first week of August?

I do not want to close a month early on a property and pay double rent for a month, and I don't want to close a month late and have nowhere to stay for a month.

When should I begin making offers on properties (may,june, july?) and what can I do to ensure that I close within a reasonable amount of time of my current lease end?  Is this something that an agent can help with?

Thank you!