I am also currently studying for me RE brokers license but working with an agent for this first home.Any tips, tricks, thoughts, or advice for a newbie?

Rent raises under this policy should occasion neither a mass revolt nor a mass exodus of your tenants because they should come to understand that your rent raises are fair and, therefore, acceptable.This policy should involve six elements - careful preparation, proper timing, extended lead time, reasonable increments, amicable notices, and personal contact.Careful preparation for rent raises consists of much more than merely preparing the notices to change terms of tenancy.

The speculator merely picks a place to buy without doing analysis and hoping that he will be able to sell for a profit in the future.

The option to purchase does not create an equitable interest but merely a contractual right.However, if you structure a lease/option in a way that grants you all the burdens and benefits of ownership along with terms/payments that more traditionally represent a sale, the IRS may indeed see it as a sale in which case you will have equitable interest (along with other tax ramifications).

I found this statement pretty shocking: "While the S&P 500 returned an average of 9.5 percent annually for the 50-year period, the comparable figure after all the adjustments was a mere 1.3 percent."

If your prospective partner can't manage to be patient with people, and treat all people with respect regardless of his or her perceived notion of their station in life (and often it is merely perception- it's not where you are, it's where you're going- and that includes the maid) then some people would give you the well-educated, polite interpretation that they must have a poor self-image themselves.

After that, it's merely wearing out shoe leather in any one of those markets to cherry pick the good ones.I'd have to imagine Tulsa and Ok City are decent markets if you know your neighborhoods and don't get something that needs too much rehab.

I was merely stating what I hear from agents.2- Rents have already dropped quite a bit and I'm seeing things I haven't in some time.

I guess the point I'm trying to make is this is neither good news nor bad news, it is merely news and it is up to the investor to invest based upon an area's climate.

They put the FSBO sign back in the yard with my number and I've had a few interested calls, one from somone who looked at it with the agent.Since I'm going for $88,000 I'm no longer interested in getting a mere $2K downstroke so I'm considering some ways to goose that a bit when people often don't have big bucks to put down.