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9 October 2024 | 312 replies
When looking at a property the listing brokers for almost any asset class like to put you with their capital markets broker.
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8 October 2024 | 5 replies
Also, the LLC does NOT eliminate any personal liability on the next loan application which is a popular selling point by ill informed DSCR brokers on this board (but they rarely mention the higher financing costs that come with financing in a LLC) IMO, proper insurance coverage is a better choice.
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9 October 2024 | 8 replies
I would consider buying a duplex, tri or quad as a primary residence and move into one of the units and rent out the others.You could sell your primary and use the capital, or pull the HELOC and use to buy a small multifamily.You can also learn how to flip properties to generate additional income to use to buy properties to hold longer term.You can also consider looking into a job in the real estate industry, such as an analyst, broker, lender ,etc that can get you in the gameAll the bestGino
2 October 2024 | 2 replies
I'm currently on the hunt to find what STATE in the U.S that has the fastest process to obtain a brokers license but also can offer reciprocity agreements to multiple states.
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2 October 2024 | 4 replies
My Realtor mentioned there is a Broker compensation ($695).
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7 October 2024 | 6 replies
Hello All,Does anyone have a couple of good brokers or direct lending contacts that specialize in commercial loans (multi unit 5 or more) on the North side of Chicago?
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2 October 2024 | 5 replies
Hello everyone,I recently just passed my IL broker exam a few days ago and was looking to take the next steps as far as finding a sponsoring broker to work under.
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9 October 2024 | 17 replies
@Emily Ellis I'm not a lawyer, however several properties in my area I found thru 2 separate wholesalers, turns out they were marketing a property which was listed on the mls and they were "in contract" which was bs, ended up one of my agents brokers were the listing as g ed NY and pulled the the excepted offers from them.
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8 October 2024 | 36 replies
You need to factor in rent increases pretty much all the deals I broker since even 2018 or so are well under 1% but after raising rents and doing cosmetic rehab you can get the cashflow high and make some equity.
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8 October 2024 | 12 replies
If you don't want to "get sold" by a PM when you're really looking for vendors, then talk to brokers on the buy/sell side instead.