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7 June 2012 | 4 replies
Otherwise it can get complicated as you really are putting buyers and sellers together, facilitating sales.You need to read your state statutes very carefully word for word as to what requires a real estate license and then don't do those things if you don't have a license.You can be an employee or memebr in a LLC that buys or sells, as a principal, in other words if BAC LLC buys a property and you are a memeber of BAC LLC, you can then be entitled to profits for the work you perform in that LLC.Another way is for you to take an option to buy and then sell your option, this is placing you in a position of havine an interest in the transaction, but those you sell to may have financing issues with this, it also depends on property restrictions or title limitations as beeing seen as sales during a restriction to conveyances, again check and see how these issues are viewed locally.Generally, you can not act as a third party between a buyer and seller and simply arrange or introduce deals and be paid a fee independly as that is a function of a real estate agent/broker.Lastly, it's easy to get a bad reputation amoung Realtors if you're known as a birddog, they will likely see you as unlicensened competiton and expect them to complain and report your activities.
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8 June 2012 | 17 replies
Call other local independent agents, and also try National Real Estate Insurance Group, they specialize in insurance for real estate investors.Rentals almost always cost more to cover because they are not owner occupiedl.
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11 July 2012 | 4 replies
. . . just to chime in, depending on the lender you are using, you CAN refi as soon as the rehab has been completed.
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22 August 2012 | 12 replies
Also, different parts of banks act independently - i.e. at BB&T, you can get a lower rate at a higher closing cost through the mortgage subsidiary, or pay a higher rate and lower closing costs through the bank via portfolio lending.
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15 September 2012 | 6 replies
So we're familiar with that entire process, and landlord/ tenant dynamics.My main business is computer technical support, which I've been doing full-time, independently, for the past 9 years.My main goals at this point would probably be to learn enough, make decent contacts, and get started in an appropriate way.
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15 October 2012 | 12 replies
Also make sure they care Workers Compensation Insurance, there are numerous court cases have ruled the hiring party is responsible for injuries to independent contractor’s employees when the independent contractor did not have their own WC insurance.
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16 April 2018 | 10 replies
Many apartment associations also have resources for independent landlords.
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26 September 2012 | 11 replies
First, let me say that I'd never even heard of the Uniform Partnership Act (UPA) until this post, so everything I know about it is based on Internet research over the past 10 minutes...so take this for what it's worth...It sounds like the UPA is a governing act that recommends rules for partnerships that each state must adopt independently (and it sounds like all but one state has adopted the rules).
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3 October 2012 | 3 replies
I'll work on the financial independent cash-flow after that sometime.
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23 October 2012 | 11 replies
You will need education, licensing and mentoring by a licensed professional.If you would like to concentrate on hobbies, family or mowing the lawn and like being a handyman on the side, then property management may be the way to go.If too much time on your hands will boar you to tears but you want the independence of being "self-employed" then maybe it would be a good idea to look into doing real estate sales.It really depends on what you want out of your career change.