All Forum Posts by: Taylor Ferris

@Ryan Anderson, thanks for the tip! Have you considered working in the cost for a weekly maid service as well? 

Hi @Luis Perez, are the brokerages telling you that you need to give them $1000 to get started? 

This cost could be for items that are just cost of being in the business which include, National (and local) Association of Realtor's dues, MLS dues, EKey fee's (provide you access to properties for showings) and Error and Omissions insurance. All of these costs are annual costs of doing business as a real estate agent and are typically prorated if it is not the beginning of the year. Unless the brokerage you choose decides to cover these costs you'll likely have to come up with them out of pocket.

Depending on the brokerage some of them may help you with certain costs for your first year but I wouldn't count on it. Other costs you should pay attention to are desk fee's and commission splits. Some brokerages charge both, some charge one or the other, it just depends on their business model. 

RedFin advertises that they cover these costs for certain agents but I'm not sure how everything there works. Check this link out Real Estate Agent (Listing Focused). If you haven't contacted them yet it could be worth a call. 

Thank you for sharing, for me estimating repair costs is always difficult. I haven't done any flips but in addition to real estate my wife and I work in interior design and we also have problems with contractors. Just like everyone else I am still trying to find contractors/subcontractors that provide quality work and who don't overcharge. Finding the best deal on materials is another challenge. 

Congratulations again, your photos look great!

@Sanjay Gupta - Very nice job, if you don't mind me asking, what accounted for the additional rehab cost (outside of the $20k for city permit, architect and engineer)? Was it because you were able to build a full in-law unit?