Otherwise, broker classes that lead to a real license are cheap.If you want to become a real broker, earn a real license.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Also, how much time do you want to spend doing real estate vs. your main job or extra work in order to fund it.

Anyways, on my latest project, the title came back yesterday and revealed two extra parcels of land deeded to the seller under the property I was under contract for.

As a commercial broker also talking with thousands of millionaires over the decades in this business I know having wealth myself coming from nothing how hard earned those dollars are.

Also, keep in mind that an IN multi member LLC would require a separate tax return, so you would want to budget for extra admin fees.

Sometimes you might want to go extra on something like the master bath or contemplate other exit strategies.

I've been on the western slope for over 30 yrs.I built my primary, its; Slab on grade, stucco, concrete roof, painted with E-84n roof soffits and tailings fire caulk (anti-ember) vulcan fire vents, 4 car wide concrete driveway, extra large house numbers, red 3/4" hoses on reals @every corner, completely denuded of vegetation 100ft.

The concept of "EARN" is gone in these hearts and minds.

But I would charge the extra 3% to cover my costs.