GAMLS you have to pay an ongoing fee for instead of when a sale occurs like FMLS.With FMLS you still have to hit yearly minimum brokerage sales numbers or get hit with a big fee.What I learned from that experience is that many agents have a sense of entitlement.I would find that maybe only 20% to 30% of the agents would have a closing that month.So to scale this if I had 100 agents you might have 6,000 to 9,000 a month gross coming in.For that though it is a major headache.Many agents are part-time and rusty or an investor wants to run a hair brained scheme.My favorite is a new agent that just left a 50/50 brokerage that has almost zero training and wants to join my firm.They would want you to train them and spend hours and hours for a 300 trans fee.I am not even mentioning the amount of paperwork you have.Agents not keeping up with education requirements,not paying license fees and getting a lapsed license,getting a suspended license for child support, government loans,etc.Getting IRS orders to take any commission your agent gets and pay to them etc.I now have about 18 agents and haven't taken anymore for over a year.I do way better and make more working my own deals.Paperwork and headaches are less and I don't babysit have to constantly watch agents anymore.I would say it's good to have the brokerage license just don't add any agents unless you keep it small and they agree to a fat commission split for your time invested.If they him and haw kick them to the curb!!

A potential outlet for cheap gcs would be a pawn shop... but they wouldn't go this cheap.. maybe 80-85 cents on the dollar.... still a fat savings.

I have done classes in the past and any funds received was a minor reimbursment for my time, but I felt that the students received much more than I did.That said, my answer is also a Big Fat NO!

I was thinking if she could offer maybe 10-15k cash they may take it as a short pay, but I don't know if the bank is going to want anything to do w/ that property w/o giving her a fat deficiency judgement.Any suggestions on how to approach this with the lender greatly appreciated.

As in, if their were a few listings 20% above the MEAN rental rate or a fat supply available at the MEAN rental rate.Still though, back to my original question..

This could be a saddening post for someone that read some books and attended some course and got home and just waited on the fat checks to roll in.I have been very successful at several things in life and what I can add to this is like MikeOH say "hard work", but I think even more is: CONSISTENCY..dont stop not matter what anyone says if its something you wanna really do.

I'm going out on a limb and saying that if the government sent out a $38K check to every person in the US instead of doing these stupid bailouts that our economy would take off like a fat guy chasing a twinkie!

Plus you have to deal with counting on the buyer getting approved for financing...me I'd be happy with getting a nice fat option payment to start, and then if they can cash me out with traditional financing, all the better.Thoughts?

Fat chance of that.

So they are going to run out of options and lose the home to the park because of the big fat eviction they are going to get.