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8 May 2008 | 2 replies
In CO they seem to reflect at least a little bit of reality as the sales price from the HUD-1 is recorded at the county office.An "indpendent appraisal" is conducted by a (generally state) licensed individual as is relied upon by buyers (sometimes) and lenders for determining their level of risk.
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6 May 2008 | 2 replies
No matter how old the corp they will need to peak at your personal credit and you will need guarantor unless the corp generates $1 million or more/year.
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15 May 2008 | 7 replies
It seems like you're saying I should simultaneously be marketing to distress sellers ("I Buy Houses - Call Me") and investors ("I Have a Property To Sell - Call Me") rather than seeking out individual sellers, working with them, and then finding an appropriate buyer to assume the deal - even going into my first deal.
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8 May 2008 | 1 reply
Any vacancies generate a discount from the full price.
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8 May 2008 | 0 replies
I have been given the opportunity to run with the RE/MAX Racers For life, individuals from my office that have been directly affected and I am looking forward to the challenge.
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16 May 2008 | 10 replies
Do I even need to go into what happens the vast majority of times when the 2nd and 3rd generation receive money earned by the 1st generation?
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14 May 2008 | 2 replies
Do you approach a deal with a bank any differently than you do with an individual seller?
19 May 2008 | 5 replies
My family has been in real estate for the past 3 generations and I found no way to escape when I got out of the service.
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16 May 2008 | 5 replies
Your RE business generates more income than any other income source.As opposed to depreciation which spreads deductions over 27.5 years (residential only), you could do a cost segragation analysis on your property (cost is between 2k-3k) which always produces larger tax deduction benefits and partially avoids the depreciation recapture when you sell.
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17 May 2008 | 0 replies
I plan to offer varying fee packages to the salespersons allowing each individual to pick the one that best matches their expected activity level.