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16 March 2022 | 1 reply
As the agent representing myself the commission went to costs.
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1 April 2019 | 4 replies
It allows you to access the MLS, list the property and keep 3% of the commission you would otherwise give away.
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21 May 2019 | 9 replies
Even if you subtract for RE commission, closing costs and discount the property for a fast sale, you should clear around $50-55k.3 - It would take you around 17 years of perfect tenants to reach $51 k in cash flow.4 - If you invest the $51k in flips, make only 10% per flip, and do two a year, and don't reinvest your profits...just keep reinvesting the seed money ($51k), you could profit over $5k/year...double what you would be getting in CF if you left it as a rental.5 - Now, if you reinvested your profit back into the flips, you would be compounding you profits.6 - 10 years of compounded profits, at 10%/flip...2/yr = over$280k in profit7 - After your accumulated profit reaches the point when added to the original seed money equals enough to when flipped, you can use just the profit to buy rentals.8 - keep flipping the enlarged seed money.
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3 April 2019 | 17 replies
It is not always about selling the most expensive house you can find to result in a higher commission, but locating great deals that investors can take advantage of which in turn creates a better long term relationship.Please let me know if I can help with anything in the future and I would be happy to connect you with folks in my network!
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2 April 2019 | 0 replies
Cash amount invested includes mortgage payments, taxes, insurance, renovations, realtor commission.
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2 April 2019 | 2 replies
If you make 10% on a wholesale deal where the the property is sold quickly and under retail price, you might be accused of ethical violations because you could have sold the house for retail price with a 6% commission.
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2 April 2019 | 1 reply
It's commission based work, so you either make it or you starve.
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6 April 2019 | 1 reply
I'd like to some feedback from agents about their view on the buyer's agent compensation. Do you concentrate on the "percentage" offered or do you pay more attention to the actual "dollar amount"?If you see "$50,000"...
3 April 2019 | 5 replies
If you think this realtor will be of benefit down the road, you may want to offer him a smaller commission to help with the deal.
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9 April 2019 | 25 replies
I feel even though I have my own agent, his/her ultimate goal is to get commission which has no difference than the goal of seller’s agent.