There is in most listing agreements a certain period of time after a listing has expired or been cancelled that if you sell your house the agent could receive a commission...although 180 days does seem a little long.

Now annualize it and divide it by how much initial money out of pocket it required of you to do the deal.Here's an example: I make $2,000 per month in rental income, and I have $1,500 in expenses per month.

The seller's agent mentioned a way to have rent directly deposited in my account from any renters who are receiving social security.

Also you will lose your "annual increase in assessment" cap when it ceases to be your homestead.Your last line says it all: My other concern is that keeping this as a rental forces me to buy the new house with an 80/20.

Hello, I received my real estate license when I was 20 (14 years ago).

I purchased the property directly from my club for $1800, and received the quit-claim note from the county office in less than two weeks.

Additionally, if you represent a buyer or seller in a real estate transaction, and will also be compensated for obtaining the loan for the buyer, Commissioner’s Regulation 2904 requires you to disclose, to all parties in the transaction, the form, amount, and source of the compensation received or expected for the loan.http://www.dre.ca.gov/faqs_mlb.htmIt doesn't give any info about how to get into the game, but it's something.

A full price cash offer received 2 days later (by a friend of mine as it so happens) was accepted by the realtor as highest and best, by that time though I had directly gotten the AM to accept my offer in writing so the cash offer was later rejected by the AM.The same bank sold at a trustee sale to another client of mine the same exact house in better condition next door for 72k which we resold for 116k (cash 3 day close).

hey Joshua Dorkin,I'm not a computer person like yourself, I was asked by Graham to Join this discussion because my family received a low interest loan and he wanted a person who has actually done it to speak up.I have been in Asia for 12 years supporting orphans, and outreach groups, and volunteer every weekend I'm in Japan helpin Japaneses couples with their big wedding day.

That's because you want to have enough profit margin to make the deal and risk worthwhile, as well as have enough equity for quick exit strategies, such as selling the property for 85% of its value to move it quick in an emergency.Your payments will largely depend upon the price you pay, your credit and the interest rate you're able to receive, the taxes for that specific area and how much your insurance costs.