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29 June 2015 | 9 replies
It's not a deal but understand this.5% is not enough down.The seller has to pay a commission to the broker and replace their cash flow if the property is making money. 10 to 15% is more reasonable as it helps seller pay for commission and closings costs with attorney or legal and puts a little jingle in the pocket.The 10 to 15% is still better than the bank at 20 to 25% down with short balloons of 3 years and 20 year amortization rate.Sellers often think since they are offering owner finance that they can sell a crappy deal at an inflated price to a buyer and it is acceptable.
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29 June 2015 | 8 replies
Even tho listed properties are typically high right now, we are still getting REO's and Short Sales under contract; granted, this is by making lots of offers, and giving up both sides of the commission many times.
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24 October 2016 | 86 replies
But this time, you have a 8 units bringing in additional cashflow, appreciation and mortgage amortization.Take note that selling all your SFH might not get done in 2 months...Also, you'll have to deal with the tenants or sustain empty homes while trying to sell them, pay commissions to broker, etc.
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28 July 2016 | 29 replies
Any bonus, commission, or variable income will need 2 full years of documentation to use.3) I am a lender/investor who would with Multi-family
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16 September 2016 | 14 replies
As an agent I have no problem selling FSBO properties but is a seller expects me to do the work for both sides of the transaction for one side worth of commission they are deluding themselves.
6 July 2015 | 10 replies
It's not complicated, and an experienced lawyer will be able to handle it for you, but if it is not done correctly, you can be in a lot of trouble with the Securities and Exchange Commission.
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29 July 2015 | 44 replies
Unsurprisingly, we were over budget and past schedule but are excited that the Dallas-Fort Worth market is so hot...we are hoping for a quick sale. http://apps2.shoot2sell.net/gallery/mls/1602-brunson-ct-arlington-tx/Location: Arlington, TXPrice Paid: $94KList Price: $174,900Repairs: $46KHolding Costs: $5300Anticipated Closing Costs: $4373 Buyer's Agent Commission: $5247As you can see the numbers aren't great but not terrible at a full price offer.
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1 July 2015 | 6 replies
Tons of hours in as a broker to make 2,700 commission or 5,400 double ending it.What I learned from that experience is to choose what you work on.
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4 July 2015 | 2 replies
I have an Aunt who is s real estate agent but I'm confused on how they make commission?
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1 July 2015 | 4 replies
If $25k is net (of closing costs and commissions), it may be worth looking at.