There are no downsides that I can imagine to being a licensed agent as well as RE investor, unless you're doing un-ethical business.RE agents are licensed by the state, and must ad-hear to NAR standards.

Similarly to a lease I'd imagine?

Imagine it were your own funds that you'd lent, and it was your life savings.

Okay, so basically, the new wholesaler is buying the deal from the original wholesaler for a fixed fee; if he can sell above the contract price + fee, he makes a profit; if not, he loses his fee.That makes sense, but I imagine most of the wholesalers who want to start out wholesaling other investor's deals are doing so because they don't have any cash and/or don't want to risk any cash...this doesn't solve that issue.But, it's still something I hadn't really considered and a good idea for a wholesaler who likes another wholesaler's deal enough that he's willing to take a risk...

When the smoke clears, I can imagine you are going to have a condo you just evicted someone out of that is in need of a lot of work.

Every so often some of the biggest players will get a blanket commercial loan from a bank on a group of properties for 5 million - 25 million which I would imagine is only a small piece of their outlay.

Can you imagine Facebook having a paid membership?

Sell after a few years only to trade up to bigger / better property...again just paying off a mortgage to pay it off doesn't make much financial sense to me personally....it appeals to my emotional side of having a f & c home, but as far as investing, it doesn't really help u grow your business Yeah, but if you're going to keep the property for long-term cash flow, then I think it makes sense to pay it off early or do a mortgage with a term of less than 30 years.You would obviously save quite a bit, but I would imagine that many investors aren't able to pay 15-year mortgage payments on all of their properties and still continue to buy more.

I'd imagine they are getting people in over-market with the concessions. 6.9% repairs & contract service + 6% capex seems about right.

Originally posted by Jon Klaus:Also, you can attract high quality, stable tenants.Translation: Less turnover.It's easy to imagine those nomadic gypsies moving in an out of a 1 or 2 bedroom apartment like it was a hotel room, but get a family of 4 or 5 in an SFR and they tend to hang around a little longer.Of course, there's plenty of exceptions, but this is what I've observed.