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13 April 2011 | 13 replies
GAMLS you have to pay an ongoing fee for instead of when a sale occurs like FMLS.With FMLS you still have to hit yearly minimum brokerage sales numbers or get hit with a big fee.What I learned from that experience is that many agents have a sense of entitlement.I would find that maybe only 20% to 30% of the agents would have a closing that month.So to scale this if I had 100 agents you might have 6,000 to 9,000 a month gross coming in.For that though it is a major headache.Many agents are part-time and rusty or an investor wants to run a hair brained scheme.My favorite is a new agent that just left a 50/50 brokerage that has almost zero training and wants to join my firm.They would want you to train them and spend hours and hours for a 300 trans fee.I am not even mentioning the amount of paperwork you have.Agents not keeping up with education requirements,not paying license fees and getting a lapsed license,getting a suspended license for child support, government loans,etc.Getting IRS orders to take any commission your agent gets and pay to them etc.I now have about 18 agents and haven't taken anymore for over a year.I do way better and make more working my own deals.Paperwork and headaches are less and I don't babysit have to constantly watch agents anymore.I would say it's good to have the brokerage license just don't add any agents unless you keep it small and they agree to a fat commission split for your time invested.If they him and haw kick them to the curb!!
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25 April 2011 | 18 replies
Utilities are on in the duplex that is currently undergoing renovations.
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11 March 2012 | 31 replies
A potential outlet for cheap gcs would be a pawn shop... but they wouldn't go this cheap.. maybe 80-85 cents on the dollar.... still a fat savings.
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30 April 2011 | 18 replies
I have done classes in the past and any funds received was a minor reimbursment for my time, but I felt that the students received much more than I did.That said, my answer is also a Big Fat NO!
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28 April 2011 | 8 replies
Our city has been undergoing major cosmetic changes, brought an NBA team in (who is now the second round of the playoffs - attendance for the SEASON was 99.7% of capacity).
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9 June 2011 | 13 replies
It's around 1000 and you do it at home at your own pace....From my conversations with home inspectors, they have had to undergo a mentorship / apprenticeship by tagging along with a certified inspector for something like 100 home inspections.
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18 June 2011 | 4 replies
I was thinking if she could offer maybe 10-15k cash they may take it as a short pay, but I don't know if the bank is going to want anything to do w/ that property w/o giving her a fat deficiency judgement.Any suggestions on how to approach this with the lender greatly appreciated.
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7 July 2011 | 16 replies
As in, if their were a few listings 20% above the MEAN rental rate or a fat supply available at the MEAN rental rate.Still though, back to my original question..
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16 August 2012 | 8 replies
One of the hotels we stayed in was undergoing an expansion.
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10 November 2009 | 19 replies
This could be a saddening post for someone that read some books and attended some course and got home and just waited on the fat checks to roll in.I have been very successful at several things in life and what I can add to this is like MikeOH say "hard work", but I think even more is: CONSISTENCY..dont stop not matter what anyone says if its something you wanna really do.