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Results (10,000+)
DG H. Landlord questions
3 April 2011 | 5 replies
Any ideas to rent the properties faster to better quality tenants?
Stewart Flecknoe-Brown New from Sydney
28 December 2012 | 14 replies
I have my eye on a number of such projects to secure equity faster.
Jim Stardust Financing a rental with 15 or 30 yr mtg?
22 January 2016 | 27 replies
The 15 has a lower rate, but the interest is either deductable for most owners or is expensed for investors and the additional principal paid from the difference between the 30 and 15 will reduce the interest costs at a faster rate than paying the 15 yr, everytime.If you have to look at the property and the cash flow analysis as a deciding factor, the deal is not a deal.
Sage Jankowitz I NEED YOUR HELP -- INHERITED CONDO IN FLORIDA
15 May 2011 | 4 replies
I would find out what that property was worth at the height of the market.In other words if it is worth 100k today and was only worth 130k at the market height then waiting years and years to get the money might not be the best option.If the market has dropped really low and this property used to be worth 300k then it might make sense to rent out and hold long term.The question is can you take the now money and grow that money at a much faster pace than holding onto this property??
Joshua Dorkin We're looking for investors to interview via Skype for BiggerPockets
18 September 2011 | 80 replies
Not sure what I say would hold any weight.
Tin Lam How long does it take to pay off your 30 year Mortgage?
25 May 2011 | 43 replies
A pound of bricks weighs one pound, but you never say the weight of the feathers....Oh I get it, a pound of bricks or a pound of feathers.
Steve L. 50% Rule - Lowest Cost/Efficient Producer
27 August 2012 | 40 replies
Some general ideas I have:- Self manage (providing they are skilled at it)- Keep tenants longer than average- Get maintenance done for good price- Discounted insurance- Turn vacancies faster (this is a big overlooked one)- Get above market rents- Raise rents regularlyAn example:I know a landlord that has an average stay of 8 years versus 2 years.
Nick J. RE Licensing School Exam: Pass or Fail?
14 June 2011 | 25 replies
Don't feel bad about failing the first time.Some of the best brokers/agents I know failed the first time.When I went and took the test in 2004 the class was multiple choice in GA.I passed that one and then went on to the state test.In class most of the questions are on the state level but then the state test has national questions as well.So I would go to Barnes and Noble and read the AMP(applied measurement professional) book on national questions and it really helped.In my state we have online and in class.In class is usually better as the instructor can explain answers and concepts plus previous students tell what kinds of questions were on their tests as the questions always change.Here is how I take multiple choice tests.Go through the questions one by one and answer the ones I am only 100% sure about.Then go back and start reviewing the other questions.You will now notice that by answering the first questions you knew you have no eliminated some of the choices of other questions.So If I had it between A,and B and B was eliminated from another answer I knew the question to I know A is the answer.Then lastly I would get down to a few instead of A,B,C,D and choosing one and having a 25% chance I have gotten it down to C,D and now have a 50% chance of getting it right.Doing it this way I went through the test 2 to 3 times and only ended up making an educated guess on a few.You don't want to spend too much time on one question as you will get flustered and every answer will start running together.There were people going to the agent state test that had failed 2 to 3 times already on the state test.I passed the first time since it was multiple choice.In my state when I took the brokers test years later it was MUCH harder.With my luck the brokers test used to be just multiple choice like the state with a few questions added.The year I took it they had just changed it completely.Now it was a complex modeling test.You had read long paragraphs of situations and you had 4 choices.There was not an correct and incorrect choice.Instead there were weighted choices.So you would have ones answer being the worst is -2 to the best +2 and in some questions you problem would have 4 parts to it each with 4 choices before moving to the next.Had really crazy crap in there you would never encounter.I prayed the whole time I passed that one.They didn't give you a score just a pass or fail and I passed.That was one of the hardest test I had taken as it was all judgement based on being the head broker.
Douglas Wolf my own post
26 May 2011 | 8 replies
I only put weight on the people who reply by looking at their number of posts, influence and awards.
Matthew J. T. Discrete Assignment Fee
11 April 2015 | 85 replies
If I can make large money on assignment fees, and my end buyer is happy with his end, that obviously Assignment, are much easier, faster, and less hassle.