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15 April 2024 | 7 replies
He gets commission on the front and back end as the agent.
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16 April 2024 | 3 replies
You should be making commissions off of them, great.There are only 1 or 2 things that you need to do to start investing past 1 house.
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12 April 2024 | 2 replies
Most agents are willing to take whatever the seller is offering, commission has always been negotiable.
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13 April 2024 | 5 replies
I start with thank heavens it's not California where you are not allowed to do anything to preserve your real estate against the ocean also known as the Coastal Commission.
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12 April 2024 | 6 replies
I have the housing commission auto-deposit the rent into my LLC business account.
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11 April 2024 | 6 replies
On the right side under other costs I see the 3% commission for you agent which is fine, but then I see another 3% "seller credit" on the left side.
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12 April 2024 | 0 replies
Second appraisal came in as a c4 and at 240k value (woohoo 15k equity gain).After two extensions, a litany of repairs, issues with the four point and appraisal, I finally closed on the home 3/29/24.I put 5% down, expecting to get an additional 2.5% back from my realtors commission.
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12 April 2024 | 16 replies
That allows you to buy around $630K-$650,000 and now you have two properties.You sell, you keep $279,000 after closing costs and commissions.
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11 April 2024 | 5 replies
Try looking at it a slightly different way with some quick math:$900,000 sales price$22,500 cost of purchase (appraisal, points, lender fees, title fees, etc - 2.5%)$90,000 cost of sale (10% commissions, closing costs, buyer credits)$64,000 carrying costs (6 months at 10%)$25,000 additional carrying costs (6 months taxes, utilities, HOA, misc)$100,000 rehab cost (the number used above)$68,500 profit = $530,000 max allowable offer.Some numbers may be a bit high, others may be a bit low.
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10 April 2024 | 2 replies
If you do find someone that makes it a practice to front the licensing $, then they will likely keep a big portion of your commissions and they will have you sign an agreement tying you in for a while.