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21 January 2025 | 35 replies
@Drew Sygit The verbiage in our management agreement is as follows: make, contract, and/or supervise repairs, alterations, and/or decorations to Property; to purchase supplies and pay billstherefore; Broker agrees to secure the prior approval of Owner for all expenditures estimated to be in excess of $500.00 forany one item, except monthly or recurring operating expenses and/or emergency repairs in excess of the maximum, if inthe opinion of the Broker such repairs are necessary to protect the property from damage or to maintain services to thetenants as called for in their leases; in the event that Owner is unreachable after multiple contact attempts for more thanforty-eight (48) hours to approve a repair in excess of the above amount, Broker shall be considered authorized to makesuch repair.I've been contacted about high ticket items in the past but these "make readys" are done without approval.
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3 January 2025 | 5 replies
Insurance is going to protect you financially from lawsuits, damages, total losses, and other scenarios we can't even begin to imagine until it actually happens.You'll want to have a broker you can work with and trust that will make sure you're properly protected in the event of a loss.
31 December 2024 | 3 replies
I have not, but as a licensed broker I would recommend listing on MLS which will post it to Zillow, Realtor.com etc.
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3 January 2025 | 3 replies
However if you are getting the buyer yourself and need an agent to draft paperwork and work as a "transaction broker" - I charge 1% or $3000, whichever is greater.
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19 January 2025 | 18 replies
I'm an investor and mortgage broker and have DSCR options for first-time investors with as little as 15% down.
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16 January 2025 | 38 replies
I use brokers but they've been a bit of a disappointment lately.
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29 December 2024 | 5 replies
If the latter, depending on the jurisdiction, YOU may need to be a licensed real estate agent/broker to engage in what’s commonly called “wholesaling” but is actually “flipping”.
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5 February 2025 | 69 replies
For those investors using lending we allow 10% down - this is to help offset other fees you will have to pay - points, broker fees, etc.
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23 January 2025 | 39 replies
from the little I know and its only because i have brokered 50 100 unit apartments the buyers are quite sophisticated and have a lot of cash and have their lenders lined up..
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31 December 2024 | 6 replies
I am a Jacksonville broker with experience with 1031 exchanges, but these properties are in 3 separate markets.