In that time, I have been very successful and chose to make this my focus because fo the market conditions here: Abundance of buyers, affordability level of homes, lack of inventory, and abundance of REO properties at great discounts (if you know how to find them and get them before others).I prided myself on hitting large profit margins, usually $50k or more per flip net before income taxes, but on occassion, could take smaller margins due to the almost guaranteed fact the home would sell instantly and for full price.

With commercial, you are all but guaranteed to have a higher down payment (30%-35%) and have a shorter term (15 years is typical) with a balloon due anywhere from three to five years down the line.

The same holds true for loan guarantees like FHA whereby buyers don't have any real skin in the game.

Eventually , with the last contractor , I had the brains to finally draft up a contract that dictates every step of the way, and guaranteed a certain level of work to be done by certain time frames or there would be payment penalties.

What you call yourself is not important, you can say you are a Mortgage Transaction Specialist, what ever.But when something blow up in a deal, either party is not happy for what ever reason, and they report the issue or they go to their attorney, which I guarantee will happen sometime, you'll be back peddling with your definitions and titles and they won't fly.

Its one of the only ways you can guarantee the flowers/yard/etc... will get taken care of in your absence.

Usually it's PayPal, as PayPal guarantees the transaction.

OTOH, if they own them for 30 (and we always talk about real estate over the long term, right) they are guaranteed that they will replace these items.You also underestimate PM expenses.

Your local portfolio lenders can purchase (or make) a smaller first mortgage at a better rate with you taking a second and guarantee the first.

With commissions becoming harder to guarantee and client loyalty at an all time low, master planning is now a value-based proposition that should be used to generate substantial fees using a new business model.