All Forum Posts by: Russell Brazil

Of course if you're highly leveraged you'll be cash flow negative. You'll either need to put more money down, or accept the reality that high leverage creates a higher debt service payment.

"Although I don't understand how an owner could be lied to."

If an individual is lied to to get them to enter a contract it is a crime. It's called Fraud by Inducement.

4%-5.5%

I do give discounts on the listing side to repeat clients. But they're not repeats until theyve done a deal with you. Nearly everyone who tells you they're going to do a bunch of deals and therefore deserve a discount before they've ever closed anything, is simply full of ****.

Flippers we actually charge more money than our going rate, because of the increased workload, and the liability. We have near lawsuits multiple times per year from our flipper clients. But from our clients, we don't get pushback on this, as they wouldn't even have the opportunity to flip the house if we didn't source it for them. From prospective clients we get pushback....but we don't care, we just bring the property to a past client and they buy it without issue to what our fee is.

Every states reciprocity agreements are different.

As a general rule, the easiest and quickest states to get brokers licenses in have the least amount of reciprocity. While the states with harder and longer requirements offer more reciprocity agreements. 

I have brokers licenses in about 20 states. +-

Looks like you're in Maryland. Assuming you are not subject to rent control, file the Failure to Pay Rent form and start eviction proceedings. I bet that rent increase Will show up.

How about Zero

Househacking is the best way to start in the DMV.