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18 August 2016 | 7 replies
At 2% Net Cap Rate - to make 100K a year - the property has to be ~5MM.And I'll need 25% of that as down payment - 1.25MMThat's not easy for me - nor very fruitful.So, I wonder whats the point of this.In contrast - if you look at flipping houses from a foreclosure - its not uncommon to see routine gains like 50K on a 500K asset.
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31 August 2016 | 10 replies
Finding a good renter who likes condo living seems like a relatively safe bet...if the positive cash flow is not eaten away by capital expenditures, lack of reserves, and routine maintenance on big ticket items.
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29 August 2016 | 9 replies
You might try to just have your own management company where you are actively involved but get people with the title as assistant manager or something where they are absorbing all the calls and taking care of the routine duties and you are only brought it on important issues.
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26 August 2016 | 8 replies
Here are the duties that can be performed according to the FREC:Permissible Activities of an Unlicensed AssistantUnlicensed assistant is defined as support stafffor a real estate corporation or other licensed individuals.Answer the phone and forward callsFill out and submit listings and changes to any multiple listing serviceFollow-up on loan commitments after a contract has been negotiated and generally secure the status reports on the loan progressAssemble documents for closingSecure documents (public information) from courthouse, utility district, etc.Have keys made for company listings, order surveys, termite inspections, home inspections and home warranties with the.licensed employer's approvalWrite ads for approval of the licensee and the supervising broker, and place advertising (newspaper ads, update web sites, etc); prepare flyers and promotionalinformation for approval by licensee and the supervising brokerReceive, record and deposit earnest money, security deposits and advance rentsOnly type the contract forms for approval by licensee and supervising brokerMonitor licenses and personnel filesCompute commission checksPlace signs on propertyOrder items of repair as directed by licenseePrepare flyers and promotional information for approval by licensee and supervising brokerAct as a courier service to deliver documents, pick-up keysPlace routine telephone calls on late rent paymentsSchedule appointments for licensee to show a listed propertyBe at an open house for: o Security pulposeso Hand out materials (brochures)Answer questions conceming a listing from which the answer must be obtained from the licensed employer-approved printed information and is objective innature (not subjective comments)Gather information for a Comparative Market AnalysisGather information for an appraisalHand out objective, written infonnation on a listing or rental
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26 August 2016 | 11 replies
@Cindy Carriger thank you, this is something I need to add to my study routine asap
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7 October 2016 | 41 replies
Second, it was about making it part of my daily routine.
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27 August 2016 | 1 reply
Do Realtors routinely ask the seller "what are you going to do with the money?"
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17 September 2016 | 12 replies
For the most part most of them do not belong to either the national nor their state associations and do not attend major industry events where this kind of information is routinely shared.
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30 August 2016 | 22 replies
If its an apartment you may consider routine pest services to ensure whatever bad habits one tenant may have isn't affecting others, but by routine every 6 months.
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24 September 2016 | 12 replies
Condo associations generally take care of common areas like landscaping, pool areas, and routine maintenance/repairs of the exterior of the building.