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All Forum Posts by: Account Closed

Account Closed has started 0 posts and replied 155 times.

Post: New to Real Estate

Account ClosedPosted
  • Orlando, FL
  • Posts 165
  • Votes 62

Maria I was distressed when I saw that Ned Carey had poo pooed on my advice. What is so cool about a W2 ? I have never had any trouble financing anything. I havent received a W2 since I was 25 years old. I have received plenty of 1099s.

If you will take the time to understand owner financing, you will also understand that the definition of a bad deal is a deal that you have to go to the bank to make. http://ronclimer.blogspot.com/2013/04/seven-reasons-why-i-love-owner-financing.html
The above link is a good start to understanding owner financing. When you sell real estate for a living, you learn from your customers. You learn from your peers. You learn without making your own mistakes.

Did I mention that nobody tells you what time to show up in the cubicle? Did I mention that nobody tells you when to go onvacation? Did I mention that you don't have to work on weeek ends unless you want to? Did I mention that you are your own boss?

Post: Tenant with no credit history...What would you guys do?

Account ClosedPosted
  • Orlando, FL
  • Posts 165
  • Votes 62

Why not just ask for a larger deposit? You said you got "good vibes". That is the most important thing.

Post: New to Real Estate

Account ClosedPosted
  • Orlando, FL
  • Posts 165
  • Votes 62

If you want to get started in real estate, do this. Go to real estate school. Get your real estate license. I have no idea what you income is in the cubicle. If it is less than $100,000 a year, Start selling real estate on commission. This is a wonderful way to generate cash flow. Only you can determine your income. Go to work for a real estate company with a good training program and start listing houses. Pretty soon you will have a headful of knowledge and a pocket full of money. When you run across a bargain that is too good to let total stranger have, buy it. Do that once a year for the next ten years. You will own ten houses that you bought below market value. You will have a good job that is so easy that you will wonder why the commission is so high.

Selling real estate is the best way to find bargains. It is also a wonderful way to generate consistant cash flow. Parotta's principal applies but that applies everywhere including your current employment situation.

Post: Short Sale clause: No LLC's allowed

Account ClosedPosted
  • Orlando, FL
  • Posts 165
  • Votes 62

Could it, perhaps, be instructions from the seller? Why do you think she owes you an explanation about why she does business the way she wants to do business?
It is like a dress code in a resturant. If you don't want to comply with the dress code, don't eat there.

Post: Newbie from Cape Coral, FL

Account ClosedPosted
  • Orlando, FL
  • Posts 165
  • Votes 62

Welcome to Bigger Pockets.

Post: Selling - Flat Fee MLS? 0% Buyers' Agent Commission?

Account ClosedPosted
  • Orlando, FL
  • Posts 165
  • Votes 62

You obviously don't understand how the world works. If you want Realtors to help you sell your house raise the commission. Realtors go where the money is

If you want $100,000 net to you for your house, you could put it in the flat fee MLS at a price of $101010 and offer a 1% commission. You would get no help from Realtors. You could put it in the flat fee MLS at a price of $105 265 and offer a 5% commission. Realtors would show up with customers. Either way you would net $100,000.

The second method will get you where you want to be faster. I have been selling houses for thirty years. I can't tell the difference between between a $101000 house and a $105,000 house. If customers don't see the house, they won't buy it. Get the Realtors on your team, not working against you.

Post: New Member in Central Florida!

Account ClosedPosted
  • Orlando, FL
  • Posts 165
  • Votes 62

Welcome to Bigger Pockets and welcome to central Florida. Have you been to Spook Hill in Lake Wales? Don't miss it. It is a free tourist attraction.
If you like to read, get Clason's book, "The Richest Man In Babylon"

Post: Having a Real Estate License: Does that make you an Agent?

Account ClosedPosted
  • Orlando, FL
  • Posts 165
  • Votes 62

We can never tell what is going on in your life from just reading a forum post. If you are looking for a career, you could not find a better opportunity than getting a real estate license and selling real estate for commissions. You don't have to be a super star to earn a hundred thousand dollars per year selling real estate.

What a great place to learn. You learn about public records. You learn about disclosures. You learn about getting sued without being the defendant. In Florida( in most states) , you have to work for a real estate broker. Most tradionial brokers split the commission 60/40 or 50/50 or something like that. In Florida, there are plenty of brokers that will let the salesman keep all of the commission but $500. If you placed your real estate license with a broker like that, you could earn a$10,000 commission and put $9500 in your pocket. I presume there are brokerages all over the country that do the same thing.

If you don't have some other career in high gear, get your real estate license and start earning commisions

Post: Career

Account ClosedPosted
  • Orlando, FL
  • Posts 165
  • Votes 62

You don't have to be afraid of quitting your job anymore if you have already done that. Get your real estate license and start earning commissions. If you can sell, you can make a good living selling real estate. You will find plenty of bargains to buy without even trying. Go for . Call a real estate school today

I went back and read your question again. You said the buyer would UNDERSTANDABLY want to examine the title policy. I don't understand that . Is that a custom on Colorado? Why would a buyer want to read a title policy . I have only had one buyer in a lifetime that wanted to read a title policy.