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3 October 2024 | 46 replies
Simply owning some investment real estate does not make one a real estate professional anymore than owning some stock's makes one a Stock Trader....To qualify for real estate professional status (REPS), you must meet the following requirements:50% test: More than half of your personal services must be in real property trades or businesses.750-hour test: You must perform at least 750 hours of services in real property trades or businesses.
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30 September 2024 | 17 replies
If Freddie does this, my guess is Fannie will follow suit.
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1 October 2024 | 13 replies
Follow up:So does my personal track record - including putting my own personal cash (up to &90K in some SFH traditional finance purchases) not count as a performance track record?
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30 September 2024 | 8 replies
Most of my screening comes from gumshoing social media, web court searches and following up on references.
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2 October 2024 | 17 replies
This includes finding and vetting vendors, following up on estimates and completed work, and making sure turnover is as quick and painless as possible.
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29 September 2024 | 6 replies
. § 452.03 states that no person may engage in or follow the business or occupation of, or advertise as a real estate broker or salesperson without a license.
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3 October 2024 | 17 replies
We purchased a property, signed contract for a 45-day SoW (cosmetic rehab, add AC) and after about 30 days it's been radio silence.We have been pretty patient and now at 60-days past closing we've engaged another local PM who is going to be re-keying, assessing rehab status and taking over from here.I think similar to OP there's nothing particularly nefarious or shady going on here, but the follow-through and ability to land a deal is significantly lacking with this team.
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29 September 2024 | 0 replies
KPIs: Social media reach, followers, engagement.
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1 October 2024 | 23 replies
I'm not following something.
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29 September 2024 | 13 replies
It is a large property management company, I will follow up for bank statements.