This is a pretty simple question, but I was wondering if anyone has any websites, guides, tips, or anything of the sort that cover common questions and things to be aware of when creating a new brokerage firm in California.

It was such a simple request on my end.  

I would get a simple agreement of sale signed, go to a title company, get title insurance, and close.

The group I'm a member of now passes the mic each meeting where members and visitors introduce themselves and answer a simple thought provoking question.

As easy as this sounds, it's not simple and usually like pulling teeth.

Something like this as an example of a simple SFH purchase in PS with PM fees.$600k SFH purchase price (decent 3br/2ba with pool in walkable area)25% down 4.5% non-owner occupied loan rate = around $3000/mo PITI allinlet's say you can do 1% rule on $600000 place is $6000/mo in gross rents which would be awesome for PS ($72k a year, way above avg)$6000/mo * 30% PM fee = $1800 fees = $4200 left net to you Add in for STR you pay all the utilities - power, pool, gas, heater, AC (summer in PS baby!)

Investment Info:

Single-family residence buy & hold investment in Broomfield.

Purchase price: $150,000

Cash invested: $30,000

Sale price: $300,000

Investment Info:

Single-family residence buy & hold investment in Broomfield.

Purchase price: $150,000

Cash invested: $30,000

Sale price: $300,000

single family home - rented it then sold to ...

changes the equation quite a bit.Also, you aren't figuring out your expenses properly. it is not as simple as saying "mortgage is x, rent is y, so cash flow is Y minus X." what happens when the place sits empty for a month?

But if they have half of a brain, they know that there are going to be all the costs that I mentioned AND MORE; cost overruns, electric, water, taxes, bad contractors, and a few others I can't think of right now in addition to the simple %s mentionedThis is why you should never deviate from going over the 70% of ARV minus repairs AND you should do your own repair costs.