30 December 2018 | 3 replies
We pay for our license, continuing education, NAR membership, state and local Realtor board membership, MLS, E&O, marketing, lead generation, websites, desk fees, gas, etc.And if you're thinking that we're making a killing on our commission, don't forget that on a 5% deal, that is commonly split 50/50 between the listing and selling office.

1 January 2019 | 3 replies
Have to plan for the worst case scenario there I'm sure.

2 January 2019 | 6 replies
In this scenario, I didn't plan on having too much for reserves, because the goal was to get the properties cashflowing (so they pay for themselves).I'll research more into commercial loans and portfolio loans.

1 January 2019 | 9 replies
I want to run a worst-case scenario simulation - We are assuming that the market MAY go into recession over the next 5 years (2019 to 2024).

5 January 2019 | 3 replies
I have an interesting scenario with a business and the real estate that it’s using and I’d like to get your opinion!

1 January 2019 | 0 replies
Of the 39.0 acres on the county property appraiser, 25.5 acres is zoned timber, 2.0 zoned residential/AG, and 11.5 wetland, an arrangement common in my area for either Timber or Cattle to save property taxes.

1 January 2019 | 4 replies
If 2018 you may qualify for the "mom & pop" $25k allowance on passive real estate losses as long as your AGI is within threshold.Being categorized as a real estate professional just allows you to make a grouping election with respect to your rental real estate activities for a material participation determination.Your tax advisor should be explaining the pros, cons, and impact of all scenarios."

2 January 2019 | 8 replies
The only full time work experience I have is through internships so I don't have a steady income that can support a mortgage (worst-case scenario) but I do have a high credit score that I have built up over my college career.
3 January 2019 | 14 replies
this is fairly common practice in low income areas Ideally you’d never do this but in some rough neighborhoods where everyone is on assistance it sure can help

2 January 2019 | 12 replies
If your best case scenario is 100/door with only 5% vacancy and no PM fees/variance/cash reserves being funded monthly, there’s a high likelihood you’ll be in the red in my opinion based on the info provided.