Scott Everhart
Potential Tenant Can Only Pay Rent With Alimony. What Do I Do?
25 June 2024 | 35 replies
You'll regret it.A tenant must be a law abiding citizen (no criminal background), willing (credit verification) and able (job income verification only w/ no commission or tip payments included) to pay rent and take care of a home (landlord references) If they pass all these, then whether they are "nice" or not comes into play.
Jacorion Williams
What’s your House Hack Story?
25 June 2024 | 31 replies
I paid 600K (appraised at 700K) for this place and only brought 8k to closing with me personally since I also got a commission.
Jesse Edwards
Sharing my Latest Creative Financing
23 June 2024 | 3 replies
So I started trying to get creative on how to create a win-win-win for all.Here’s how it went down:I got the sellers to agree to an asking price of $180k, a full $40k over what they originally wanted.In the offer, we included a seller credit of $34k.This strategy allowed me to cover the extra commission for both the buying and selling agents and ensure the seller got exactly the cash they wanted should they have sold it at 140k.With the seller credit, this reduced my total out-of-pocket expense to just $6k.I used a commercial DSCR loan product with a local bank.
Andrew Jennings Freerks
Forming a real estate investment fund
23 June 2024 | 7 replies
I am a broker as well, so unless the deal is off market, the seller is usually paying sometime of a commission.
Mike Pepperday
Off market property letters
22 June 2024 | 2 replies
They would have to pay a commission if they sold w/ a realtor.b.
Nicholas Bagliani
First time home buyer advice
24 June 2024 | 13 replies
If you plan to be there LESS than 7 years, then I might consider NOT BUYING because if prices stay the same it will take nearly that long to pay down a mortgage enough to cover commissions and closing costs to sell and break even.
Dav Pohote
Inspection report when selling a house *electrical panel*
22 June 2024 | 23 replies
Ask him how much he would like to offer the buyers from his commission and offer to match it.It sounds like the buyer is looking for a new build after going to contract on an old house.
Luis Guerra
The 25% property management fee was killing my STR profits
23 June 2024 | 29 replies
I encourage you to do a Google search/competitive analysis to learn what others charge LOCALLY (commission and fees) before you make a decision. 25% is extremely high for the Orlando market.
Peter Hu
Good Neighbor Realty Office
21 June 2024 | 0 replies
We used a commercial SBA loan with 10% down, but with my commission, working capital, and some Pandemic incentives, we were able to purchase this home with $2,000 down.