14 June 2019 | 31 replies
@Suny Capezzuto Let me also add, I am a real estate agent and due to my brokers investor incentive, I would keep full commission if i sold it.
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9 June 2019 | 7 replies
Do I go 50/50, maybe lower, charge a transaction fee, or charge a commission?
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7 June 2019 | 0 replies
This is exciting to me in multiple ways because I've always wanted to be involved with investors (it's why I got my license), I'll learn as I help them (always wanted to invest in real estate) and, of course, I'll be making commission on both ends from finding them the property and then selling the property- with my first baby on the way as well as purchasing my first home within the month I'm doing all I can to make extra money so this is quite the timing.
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8 June 2019 | 3 replies
I figured agents don't want to wait 1-3 years for their commission, but offering partial commission or even an upfront bonus doesn't seem to work.Has anyone here every worked with a Realtor to close SLO & LO deals, what happened, how did you build the rapport, and do you have any advice?
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8 June 2019 | 2 replies
(all rounded)Purchase: $9800Renovation: $162,000 ($22,000 over budget)Total Interest Paid: $8700Closing Cost: $18,400 (including commissions and concessions)Holding Cost (other than Interest): 1100Sale Price: $213,000Gross Profit: 13000Takeaways:I learned a ton on this rehab. 1) Don’t try to do work yourself, have a pro do it. 2) make sure you keep a good lock on what’s going on and when with your contractors, one of our costs overruns was time.3) On a gut, just because you think you can salvage something (like the floor), put a contingency budget in for it. 4) My 10% contingency was not enough.
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9 June 2019 | 17 replies
I can’t sell the property because I wouldn’t get enough to pay off the loan after the agents commission and closing cost.
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12 December 2019 | 6 replies
Does this affect the real estate agents commission?
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12 June 2019 | 2 replies
In my state, the Real Estate Commission creates approved forms for everything; owner financing, loan assumptions, etc.
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12 June 2019 | 1 reply
If you choose to sell it before you PCS, you will not have enough equity to break even after you pay 6% sales commission because you put no money down, which means no equity at the purchase.
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13 June 2019 | 13 replies
But after agent commission and closing costs, it would be much less than that.