This makes buying the property more predictable and less risk as you'll have less "wild cards," to work with.I would first examine your subject property to see if the numbers pencil out to make sure it meets your goals and then once you've done your homework on that then work on getting yourself fully pre-approved for financing (unless you're buying cash).Let me know if that helps.

My goal is to take the exam in the next couple months. 

A better approach might be to offer a contractor a 'consultation fee' to give a general examination of the house. 

After receiving the images, they finally admitted these violations were new and needed to be reviewed by an clearance examiner.

We would need to examine whether the lease option was a disguised sale, but in general the holding period for the building sans improvements starts the day title passes to you after exercising the option.Talk to your talk professional for the nuanced conversation including any wrinkles about the leasehold improvements.

There are a few things that folks tend to overlook when examining "2%" deals in these neighborhoods.Maintenance costs are ALWAYS going to be higher than what you anticipate.

Doesn't matter how much you really know or think you know, the goal is not just passing an examination, it's learning to use the license and your knowledge to profit.That means, attend class!

Years ago, I was offered (and stupidly rejected) a 15 unit building by my HML, and THEY suggested I move into the top floor unit.The point of all this: think creatively, think outside the box, examine your entire life from the "Lucas INC." point of view.

However there are many state-specific rules, which is why title searches are typically performed by attorneys or title examiners.

Hi Isaac,You need to be a broker's associate (an agent) in South Dakota for 2 years, take additional education, and pass an examination to apply to be a broker.