I am also currently studying for me RE brokers license but working with an agent for this first home.Any tips, tricks, thoughts, or advice for a newbie?

I bought it for $4,800while a student at Adelaide Uni studying Engineering.

I think I would study up on those if I was you.Don

I am a 40 yr old engineer in the Dallas, TX area (Murphy for those who are familiar).After studying and trading stock options for more than 6 yrs, I have decided to give up on that vehicle as a way to fund my retirement.

But every set of number provided, including a recent very large study posted by Bryan bore out this number.

You can always ask more questions as your studies progress, we will put two cents worth in anytime.

Tehre is a six year study out there by the NAR showing that something to the effect of 94% of FSBO's eventually end up lisitng with an agent, and listing with an agent can NET you about 11% more than selling FSBO.

Commercial Proeprty Owenrship and Management --is lot differnet than SFR -- Risks are greater and rewards are greater Need to ahev Long Term Busienss Plan and Strategy- State or City - area of twon, type of property etc -- then do feasibility study -- population, income, age group, traffic counts etc- In Atlanta --there are many retial Centers available -- some vacant and some occupied-For example --have a Bank REO -- 80% occupied for $2.7 million -- 50% original mortgage -- Give some more thoughts and decide which direction to go -- Retial, Office Buildings, Office Condos, Warehosue - Distribution,Hotels etc --

So is it fair to state that this study is a good resource to quantify the 50% rule for SFR's?

It helps you solve Interest/Rate(cap rate)/ValueWhat had happened was is that I have studied a lot since I don't work a traditional 9-5 and the questions in the test were the exact same questions and answers as in the study guide.