All Forum Posts by: Account Closed

" You want to stand out in a good way and not a bad way in this business. The majority of residential buyers agents live hand to mouth and about 80% do not survive the first year of business so they pay close attention to the co-op commission amount being paid as they already have a big chunk on commission split going to their brokerage. The agents that do survive most move to the listing side over time."

Great post! Some agents thinking is so short term, their planning on how their going to spend the commission before they even show the potential buyer the house. 

This forum is a good resource, and the price is right!  Experience in sales and marketing, cost estimating, construction, carpet, tile, decorating, painting, project management, real estate sales  mortgage organization, are all helpful. There are all matter of folks that share knowledge for free on youtube videos, that give much more useful advice than seminar hustlers.

There are also HELOC's out there for cash out investment properties, not many and higher interest, but sometimes the guidelines are better, as well as lower closing costs.

The calm before the storm, definitely maybe. 

Ian, felt exactly the same way, that's why I got licensed it cuts the buffering down by 50%. 

Getting ready to sell a rental, and realized how much I forgot about doing a big painting job. 1/4 of the way through I broke down and shelled out for a 18-inch rollar and big painting tray. Wished had done it sooner, so much faster than using a 9 inch. 

Net Real Estate School, offers the option of using books only from home for the 75 hour portion. I went to them for 30 hour continuing education also, a good experience with both. A lot of people don't realize you can do the 15 hour with a separate school, that gives you a wider range of options. 

So I am thinking about renting properties with an option to purchase, than fixing them up a small amount than selling. I have a real estate license so I can handle the selling part. 

Aside from finding willing sellers without current and future title lien issues, what could go wrong? 

A lot of strong pro and cons to condo investments. If the market goes down in your area, it's likely condos will take a hit earliest, take a harder hit and be slower to recover value with an improving market. Condo associations can be well run, a total nightmare, or something in between. The big advantage to distressed condo buying is when the unit sits vacant, you tend to have less problems from the elements, and deferred maintenance and damage from neglect. On going maintenance is much less and more so if you purchase in a building where heat and water are included. Some buildings have more tenant turnover than others, somthing to think about.