
15 January 2017 | 6 replies
Give this Realtor Mag article a read What Unlicensed Assistants Can Do in Your State it breaks down the specifics for every state, California included.Here is what unlicensed assistants can & can not do in my home state of Ohio.DOS AND DON’TS FOR UNLICENSED PERSONAL ASSISTANTSDO: Call people to schedule appointments.Call the owners of properties listed by the brokerage to schedule showings, closings, or inspections.Prepare market value analysis forms.Compile listing packages.Prepare listing presentations.Write and place advertisements.Take and develop photographs of properties.Address and mail open-house invitations and thank you notes to open-house attendees.Deliver documents such as offers and counter-offers.Coordinate direct mail campaigns.Create flyers and brochures.Maintain mailing lists.Monitor closing details.Coordinate closings.Communicate with sellers and buyers regarding delivery or pick-up of keys.Process sales.Enter listings on office “listing board”.Mail copies of ads to sellers.Install and maintain “For Sale”, “Open House”, and “Sold” signs (after satisfaction of contingencies).Coordinate sending of gifts, flowers, etc.Order legal description and plot plan.Prepare open house materials and prepare and mail highlight sheets as needed.Submit earnest money to secretary.Assemble For Sale By Owner and expired leads for follow up by REALTOR.Mail expired and For Sale By Owner letters.Assist with organization of agent tour.If and when property is vacated, periodically inspect and oversee maintenance and care.Install and remove lock boxes.Input listings into Multiple Listing Service and handle Multiple Listing Service changes.Map properties for showing to buyers.Inform seller or buyer of title transfer and deliver or pick up keys.Communicate with escrow officer/branch escrow secretary to keep up to date on all activities during the escrow period.Gather the names, addresses, and phone numbers of all parties to the transaction, including sellers, buyers, REALTORS, loan officer, title company, etc.Keep calendar of all important dates, i.e., loan application, loan approval, inspections, satisfaction of contingencies, title transfer, etc.Attend sales meetings at request of REALTORS.Process incoming and outgoing referrals as deemed correct by the company.Special events promotion, organization, and implementation.Handle bank and trust deliveries.Handle all transaction record-keeping in an organized, complete, and clear manner.Search legal and/or city/county records.Compile information and keep records for income tax preparation.DON’T: Make representations about the services offered by the real estate brokerage.Interpret documents or answer questions concerning documents.Ask, answer, or discuss questions concerning asking price, address, number of bedrooms, or other qualities of a property.Ask owners questions as to their housing needs in order to determine their interest in listing their property.Gather information on an owner’s house or a home an owner may be looking for.Provide information to the owner on properties listed.Request the names of others interested in buying or selling a property.Direct or assist in the procuring of a prospect which is calculated to result in the sale, lease, or exchange of real estate.Here is another example.

3 May 2021 | 10 replies
Confirm everything and build your own model that is based on your cost base to understand how much you can pay for the property to cash flow appropriately for you.For starters, there's some great templates on the BP FilePlace for evaluating apartment complexes.Short list of things to think about / budget for (outside of taxes & insurance of course):-Plan on at least 5% vacancy. 7-8% if you want to be conservative-Are you going to manage it or outsource?

25 May 2016 | 28 replies
Use those things to show her how your business model will benefit her.

16 May 2020 | 76 replies
They have truly pioneered and perfected the turnkey business model.

11 April 2018 | 32 replies
Well naturally just like Uber won't work in small population centers I was also impressed with the professional follow up emails and the notice of the offer expiring after 3 days or so They just hit Vegas so I can't really comment on their resale status or ongoing business model, wholesalers can begin to worry and possibly realtors over time

12 July 2019 | 18 replies
This structure is designed to provide you with checkbook control, as the IRA will own the LLC, but you can control the LLC as the non-owner manager.They use an IRA custodian (not sure who these days), but the custodian is very much in a back end role.The IRA LLC model is beneficial if you will be engaging in investments that are either time sensitive in nature or require frequent expense/income transactions, as you will be able to directly transact via the LLC and a bank account of your choosing, without having to go through the IRA custodian to process each and every transaction.

1 May 2018 | 22 replies
The idea of the turnkey model is that it is passive and should be earning cash from day ONE.It just sounds a bit different to me.

4 January 2017 | 3 replies
Anything which has the wattage and model number should suffice.

1 March 2017 | 19 replies
I've noticed there are also a few flips going on in that area as well.Living near Federal & Evans, I can honestly tell you that I get flyers, postcards, and letters from investors at least 4 out of 6 mail delivery days a week with people wanting to "buy my home" for cash.

6 March 2017 | 21 replies
@Nicholas Natale - pardon my ignorance about your area, but how can one possibly be successful with a flip business model that buys all cash at or above MLS asking.