If there is no agreement signed and this person is just someone listed from the broker's database, I do not believe it is acceptable for the broker to collect a split in addition to the house split.If you are to consider negotiating this additional split, there is a lot to take into account here... what is the % of business that you generate on your own vs. how much your broker contributes?

🟢 Pros and 🚩Cons of Renatus Education: A Personal ExperienceWhen I initially decided to pursue real estate education, I chose Renatus.

Flipping is probably a little more intense, but can still be done with a day job, but again, my average flip versus my average rental: flip has made much better returns.And as for generational wealth and handing down something to your kids... well, I guess I view it as: if I can hand my kids a $10mm trust fund held in public securities, or $10mm real estate portfolio, they are going to be pretty set either way, but a real estate portfolio will continually have costs and work, a brokerage account is a bit more set and forget, with some periodic rebalancing.

To clarify, I had initially put the property under contract but had to back out of the deal due to negative inspection results, specifically related to foundation issues.

Our engineering team finishes in roughly 2-3 weeks with no major modifications required to our initial architectural plan.

@Alecia Loveless Only thought I have on how to generate real income is if you could do weddings.

I’d love to get feedback from anyone who has been through a similar process, as I’ve received some conflicting information.Here’s the situation:- My lender mentioned that even though my loan-to-value (LTV) ratio is below 80% due to the renovations (currently at 73%), I can’t request PMI termination based on the property improvements alone, since the renovations were part of the initial HomeStyle loan.

Consider a bigger cabin if you want to try to grab a huge equity capture over the next 2 or 3 three years.  2,000 sq ft cabins that were generating 120k a year gross and selling for 850k to 875k are now hitting 85k to 100k and going for 675k to 725k. 

I agree that most of what I have read implies 1099s need to be issued, but there are a few articles, like the one I shared in my initial post that make me wonder...

We are in pre-development, and getting a clear picture of these initial soft costs has not been straightforward so I greatly appreciate the information.