For example we pay our own income taxes, broker splits and all of our other expenses directly out of what we make including required E&O insurance, MLS dues, licensing fees, Board of Realtor dues, continuing education costs, marketing, advertising, office fees/rent, transaction coordinator/ assistant fees, health insurance, car insurance and maintenance, gas, tires, software, retirement fund, etc.We are not W2 employees with payroll taxes already taken out of our paychecks, company-paid health insurance and matching retirement account plus a guarantee of at least 40 hours paid work per week, sick pay, paid vacation… none of that.So if you’re thinking you’ll be able to pay an hourly wage typical of a W2 hourly employee like $50-85/hr… that’s definitely not going to work.

He told me after the sale that he did not know the house had been torn down and that there was a NEW $17,000 demolition lien on the property that transferred to the new owner, him.At another sale several bidders were bidding on a house that had burn down (maybe by the owner) a few days before the tax sale. 

I am in it and feel it is worth it as they have groups all over the country who, with experience transaction coordinators and funding groups, and even closers to help you along the way.

They know that I own a lot of real estate, but they are only asking me questions about properties that I own where the initial debt was was taken out in my own name (qualifying loans or non-DSCR loans) before I transferred them into LLCs.

I recently relocated to Arizona, drawn by its rapid industrial growth, particularly in high-potential sectors such as semiconductors and electric vehicles.What I Bring to the Table:I have hands-on experience as a real estate agent during my college years and am currently exploring opportunities to transfer my license to Arizona.

So, for a $60k loan, you'll likely need $12k-$15k for a downpayment, $8k-$12k for closing costs (prepaid insurance and taxes, lender fees, attorney fees, points, prepaid interest, transfer taxes, etc), and then another couple thousand for reserves and whatever else.

To combat this: market the property well, be transparent, secure a great flood insurance rate so a buyer can know the cost and be able to transfer the policy.5) no flood zone AE does nothing to rental rates6) if the insurance rate seems high then get a flood cert and maybe it will decrease.

Mortgage laws, title and Deed laws, wire transfer laws, landlord tenant laws.Realize the seller of a distressed property has rights.

I've always wondered if I could transfer to construction management.

You can make an LLC and transfer it over.