My plan is to find a broker that will back me with his/her broker's license in exchange for a share of the company, with the understanding that I can buy out that share using a predetermined valuation method at any time (as in, when I get my broker's license).I think under this scenario you can still do all of the functions of a property manager in addition to those "ministerial" acts that do not require much in the way of judg(e)ment.You are correct, though, that your broker has liability if you mess something up.

The 2% rule is designed to get a set amount of cash per door at a predetermined rent range... the 50% rule is long term expenses... while the 50% rule is used as an assumption in the math behind the $100/door @ $500 rent 2% rule... they are really in no way related.For myself, I ignore the 2% rule... given a 25% down payment and today's interest rates... 1.5% gives a 15+% CoC return assuming the 50% rule.

Regardless of whether a deal is "amazing" if it falls outside of your predetermined range it's not worth considering.Several seasoned vets have noted because of their purchase ratio 20 offers are submitted before one is accepted.If you lower the target of course deals will be easier to get "accepted."

Ideally, you are putting down some money in consideration for their giving you an option to buy the house at a predetermined price.

Jerry Kisasonak In TX, you can't withhold a rent credit due to a late payment unfortunately, but our option actually doesn't mention a rent credit, just a predetermined concession which will go towards funds to close.

Generally, put options and call options are financial instruments affiliated with or derived from other financial instruments (stock or bonds).Call options allow the owner of the call to buy a stock at a predetermined price within a certain period.Put options allow the owner of the call to sell a stock at a predetermined price within a certain period.I buy a call on Microsoft which is currently trading at $25 per share.

And they have no way of predetermining whether you will actually be as successful as you think; my attorney tells me he is regularly contacted by beginners who never get off the ground.

If the investor closes on that property, the bird dog gets 500 bucks or some pre-determined amount for the referral.

A few new ones will pop on, and some will drop off.However if you do a drip campaign to them, mailing a piece to them at a predetermined period of time, you may be in their mind when it comes time to sell.Tony Severino

I just had an idea, if we could figure out the maximum amount of dollars we could pay for a property per $1 of monthly rental income we estimate the property will bring, we would have a very easy way to figure out how much we could pay for a property.For example if I estimate a property will rent for $600 per month, and I had pre determined that $66 was the most I could pay per dollar of monthly rental income, then I would come to the conclusion that I could pay $39,600 for the house.$39,600 @ 7% 30yr fixed = $264/Month.