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Results (10,000+)
Chris Loker Looking to hang my license in Columbus, OH
26 August 2016 | 2 replies
Although this is not my Brokerage, I always suggest new agents start at Keller Williams.
Sandy Uhlmann Seller Financed Deals
27 August 2016 | 1 reply
My guess is that the Brokerage might object to this but I wonder if an escrow company might be able to collect the payments to the seller and pay the realtor on a monthly basis out of this money? 
Mark Bourscheid RE License - Selecting a broker
19 January 2017 | 7 replies
I did the coursework to get my RE license at Keller Williams and liked the team atmosphere there and focus on developing agents, but commission splits were more favorable to part-time investors like myself at brokerages like Fairfax Realty and Samson.
Daniel Miller New member from Utah
4 September 2016 | 4 replies
We train regularly on deal analysis at our brokerage and you are welcome to be a visitor.
Chyrelle Robinson New to Wholesaling ... Please Help
31 August 2016 | 18 replies
The broker you are supervised by, as well as the brokerage firm holding your license, would be similarly exposed, which is why many brokers will not hold the license of agents engaged in wholesaling.It is important to know and understand the legal landscape before undertaking any endeavor.  
Eric L. Debating getting my license
10 September 2016 | 10 replies
I guess it would depend on what you're ultimately trying to achieve - it may be a better choice to go directly for a brokerage license, or to not have any at all. 
Daniel Johnson How to keep track of finances on multiple flips?
4 December 2016 | 47 replies
On a typical project, here are the contractors I'll probably use:- Demo- Roofer- Painter- Carpenter- Plumber- Electrician- HVAC- Window Company- Tile Guy- Carpet Guy- Hardwood Guy- Cabinets/Countertops Company- Termite Inspection- Landscaping- Garage Door Company- House CleanerIn addition, on many projects I'll also use:- Drywall Guys- Insulation- Surveyor- Structural Engineer- Inspectors- Concrete Company- Driveway/Paving Company- Grading- Tree Trimming- Shower Glass CompanyFor big projects, new construction:- Architect- Civil Engineer- Foundation- Asbestos Removal- Sediment Control- Excavation, Dirt Hauling- Interior Sprinklers- Stone WorkEach of those contractors will typically get between 1-4 draws, depending on the scope of the work they have for the project.Then there are materials and other non-labor costs:- Permits (0-3 transactions per project)- Porta Pottys (0-3 transactions per project)- Home Depot Materials (3-5 transactions per project)- Dumpsters (1-3 transactions per project)- Paint Purchase- Cabinets/Countertops Purchase (2-4 transactions per project)- Flooring Material Purchase (1-2 transactions per project)- Specialty Material Suppliers (0-10 transactions per project)- Utility/Service Installation (0-5 transactions per project)- Private Inspections (0-5 transactions per project)- Insulation/Airtightness Tests- AppliancesOn top of that, I will potentially write several checks to:- Title Company- Property Inspector- Appraiser- General Contractor or Project Manager- Interest Payments- Utility Payments- Tax PaymentsOn top of that, I have my general business expenses:- Accounting- Legal- Interest Payments- Tax Payments- Brokerage Fees- E&O Fees- MLS Fees- Overhead/Office (Supplies, Equipment, Subscriptions, Software, etc)- Telephone/Fax/Internet- Income from Property SalesAll of these easily add up to a couple hundred transactions on a large project or new build, meaning many dozen per month. 
Michael Merritt Can a non-licensed investor hire an agent as a runner
29 August 2016 | 2 replies
If they are doing hourly or salaried work that is not "the practice of real estate", then you're fine.For anything that falls within "the practice of real estate" in your state, you most likely would have to pay their broker/brokerage - so they would need to have a sit down with their broker about how the fees would be allocated between the broker and the agent on the receiving end.In California, the practice of real estate is defined as:"a person who, for a compensation or in expectation of a compensation, regardless of the form or time of payment, does or negotiates to do one or more of the following acts for another or others:  (a) Sells or offers to sell, buys or offers to buy, solicits prospective sellers or puchasers of, solicits or obtains listings of, or negotiates the purchase, sale or exchange of real property or a business opportunity.
Adam Sherritt Should you include price with LOI's (Letter of Intent)?
23 March 2017 | 7 replies
If you do not have a buyer’s agent, specifically mention this in the Brokerage Fees section.
Engelo Rumora Can My New Real Estate Brokerage Business Model Work?
30 August 2016 | 5 replies
G’Day Bigger Pockets.It’s not often that I post asking a question so here it goes…I really need your help today and any feedback is much appreciated.Feel free to critique or if you're nice compliment in anyway :)I’d love it if if you guys could check out my newest business venture “List’n Sell Realty”.We are looking at revolutionising the way standard real estate brokerages operate.Agents get 100% commissions on every sale and we offer a “first of its kind” in the nation referral program.Yes, there are other similar concepts out there and by the way most of those new brokerages are the fastest growing in the country as per the recent Inc 5000 list.I can comfortably tell you right now, that we will Trump (Not Donald Trump) them with our online platform and app that we are developing.Anyway, I want everything we do to be a compete virtual experience for all involved parties with our backend code word being “The One Click Broker”.What do you think?