Kyle Doriety
Accounting software advice
19 March 2023 | 9 replies
I want to be able to track expenses by each address but QuickBooks won’t let you do that without upgrading to nearly the top package.
Yashar Fred
Tenant screening using the applicant’s SS#
23 May 2023 | 5 replies
There are multiple options available for screening packages; tenant involvement/no tenant involvement, instant reports, hand-compiled reports, and even income verification.You can find further information by going to Tenant Screening under the Tools tab.Best of luck to you!
Eric M.
This place is chock-a-block with wannabe wholesalers, what is the reality?
29 April 2012 | 159 replies
Wholesaler,fee taker,etc. whatever you call it if I am the listing broker for my client and you come with the little to no skin in the game you won't be locking up any of my client's properties.If the client demands it then fine but most of my clients are somewhat sophisticated.What I don't like is that in a wholesale transaction the seller doesn't know the STRENGTH or CAPABILITY of the end buyer with these wholesalers trying to lock something up and then leave unscathed if it falls apart.This reminds me years ago when I did residential short sales.I would get calls from sellers who was contacted by one of these wholesalers or a regular investor.They would take all the sellers financial docs and say they submitted to the bank for approval.I found out papers were never submitted or the package was incomplete.The investors never returned papers to the sellers and the buyers were gone "like a fart in the wind".I had to come in and do damage control to fix things.Another classic is the investor gets the seller to sign a quit claim deed and then disappears and now the seller can't sell if they wanted to.We had a saying when we first got licensed as an agent.The head broker said "you learned just enough to pass the test".Now comes the hard part of learning your skill with a proper mentor so you don't "practice on the public".Then he said "you know just enough to be dangerous"So I feel just like new agents some wholesalers cause massive damage out there.We have our contract where the seller allows assigning into a corporation the buyer owns,assigning to another buyer,or not assigning at all without written permission and review by the seller first.I think wholesalers should pay a very hefty fee if they can't perform.They won't do it again and they will think very hard about the purchase price and not over valuing before putting a property under contract.There are a lot of wannabe buyers out there.A broker saves the seller time weeding them out.Purchase price,terms,deal structure means little to nothing if the buyer has a low chance of performing.I don't have anything against people with no money trying to get a leg up.I wasn't born with a silver spoon and had to start out small.Just be realistic and do not try to do a deal you aren't qualified for or have the means of following through on.Partner with someone more knowledgable who can guide you away from mistakes and help you.To one posters comment about we are all in this for the money.I would DISAGREE that that's the only or sole reason.I enjoy real estate on many levels besides the monetary aspect of it.There are many things I could do for money and I wouldn't last long at them for the simple fact that besides the monetary aspect they do nothing for me.
Tarek Saad
Managing software
18 March 2019 | 22 replies
Looking for a good managing software package for our res rentals...
Mike Webb
Under contract duplex w/ structural issues
13 September 2013 | 12 replies
He will sign and seal the letter or drawing and the contractor that will do the actual work will include it in their permit package.
Norman Perkins
Hard Money Loans with down payment requirement?
15 November 2013 | 64 replies
:)Though I would assume if you are an active lender you just pay to have it drafted once and then it is just part of your lending package like all your other documents.
Bryan Hancock
Still Waiting On Hyperinflation...
30 March 2021 | 322 replies
One way that producers are trying to mask this is by making packages smaller; a "green" package, "effeciency" packages, etc.
Donald Miller
AirBnb in Cleveland OH
29 October 2019 | 7 replies
Instead of buying furniture, Rent a package of furniture, and see If you can make enough to make it worth it.
Steve B.
Recommend Online Real estate school for Oregon
21 August 2017 | 12 replies
Train Agents Online looks like the cheapest, is it worth getting the Ultimate package with the exam prep questions?
Ericka G.
Use Leverage or Stick with Cash?
3 April 2017 | 178 replies
It's not that kind of debt (read Kiyosaki)Gotta go, I have a mortgage loan package to work on...