Ryan Ellis
Tampa Area Mortgage Broker Familiar With Lease Options
10 October 2016 | 4 replies
@Ryan EllisI'm curious to know where you learned thisWholesaling lease options or lease option assignments should be done on an option release system First step is you enter into a lease an option with the seller with a letter of intent to sell your interest in the paperwork (or if an agent enter into a listing agreement for lease option)Instead of assigning the deal, you have the tenant buyer place 3% of value of the property in escrow made payable to a title co.You have the seller and the tenant buyer sign off that it's agreed that the 3% is a option release paid to youA new lease and option is created between the seller and tenant buyer (with no large option consideration)You could discount the house value by 3%Use a collection co to take rent and pay underlying note and mortgageHave tenant buyer go to bank and save 3% for downpaymentI would be licensed in FL as you are brokering.
Drew Oberholtzer
Looking to Connect with Agent/Broker
6 October 2016 | 4 replies
I'm interested in connecting with agents or brokers in my area (Hollywood Hills/Studio City).
James Bitakis
Newbie-What did I do wrong?
6 October 2016 | 4 replies
I called the Realtor up who was trying to get a hold of the listing agent, but he was not able to reach them.
Sean Murray
New Member from Inland Empire and Redlands, CA
6 October 2016 | 3 replies
My name is Sean Murray and I currently work in Ontario, CA as a commercial real estate agent.
Sandy Uhlmann
Owner Financing Addendum
5 December 2019 | 5 replies
At least have a 3rd party licensed agent do a BPO / CMA price for this property.
Antonio Robinson
Looking For Real Estate Agents
6 October 2016 | 1 reply
Looking for agents in the North and South Carolina markets.
Nick B.
Buying a REO with a quit claim deed - bad idea?
12 October 2016 | 15 replies
The property should be listed, ask that agent why the property isn't being shown, it should be to seek the highest price.
Dillon McGough
Question about agent referral fees
6 October 2016 | 3 replies
Being a real estate agent has been a side business for me as I have a full time career.
Jamie Henkin
Turnkey properties
12 October 2016 | 34 replies
But usually on a referral to another agent type arrangement.
Jacob M.
Does 50% rule work in Texas / Houston?
23 October 2016 | 9 replies
Do these number Monthly Gross Rents $ 4200Monthly Expenses Vacancy $ 336 (8%); (including here since 50% rule includes vacancy as part of expense) Prop Mgmt $420 (10% of gross rents) Insurance $208 ($2500 yearly; quoted by insurance agent) Prop Taxes $680 (2.9%/year of assessed value; actuals; eats up 15% of gross rents) HOA fees $330 Maint Reserves: $420 (10% of gross rents) Maint/Repairs $84 (5% of gross rents)Total Expenses : $2478 (59% of gross rents) NOI: $1722 Mortgage: $1215 (25% down @ 5% interest)Approx Cash Flow: $507/month (about $125/unit)Cash-on-Cash: 7.2% (Assumes 25% down + 3% closing costs as initial cash requirement)Thanks,Jacob