This is the part that gets pretty tricky for you as an Agent, all transactions that you do should be reviewed and process with your PB/BIC to make sure that you’re staying above the line.

This process has some problems: it takes a few months to get a response from the IRS and you have to submit a copy of the contract for the replacement property with the notice that the seller intends to complete a 1031 exchange. 

Currently in the phase of buying my first property and needed some clarification if I’m getting screwed or not I’m in Rome, Ga and that is where I’m purchasing the home it’s a flip that was a 3 bed 1 bath but has been flipped into a 4 bed 2 bath the asking price is $214,900 originally 230k but the seller wants a quick sell my agent told me we should give them the asking price and ask for them to pay 5k closing close I wanted to ask for 190k and same closing cost but agent said they wouldn’t take us serious so I agreed to agents terms as I’m signing paperwork electronically I see closing cost is 17k since seller is paying 5k brings it down too 12k but being in Georgia I am approved for Georgia dream which covers closing and some of down payment now when I sign at closing I have to pay 6k I’m wondering why is closing 17k my friend bought a property his closing cost was only 10k granted he bought his property for 189k but I feel like my agent isn’t really trying to get me a good deal should I back away from this property, find a new agent, go through with this purchase, or am I getting screwed in the process? 

Have tanent who paid rent for continuous 3 months ( June - sept) in 2023 but didn't pay rent for rest of the year and didn't leave the house and end up with eviction process, so for rest of 3 months of the year we didn't receive the rent.So in Schedule E form.

He was very system/process/automation oriented, enthusiastic, and well experienced.

But as a loan officer I have not been able to successfully close due in part to the subject properties and in part due to the 203k process.

This should be outlined on the formal quote, but most will have origination points and an underwriting fee (this is also referred to as processing or service fee too). 9.

Never be afraid to bring up and discuss any and all downsides so that you and your partner are both aware of each other's though process on one-offs.Hope this helps!

I realize there's no way to capture everything, and learning is a continual process, but it feels helpful to me to have a working "cheat sheet" of information to study and reinforce important concepts.

I've been wondering if I should become a real estate agent and start the process of getting my license at 18?