I’m a licensed realtor in NJ and have been with my brokerage for 3 years. I’m just now questioning the MLS fees coming out of my end of the commission. I paid to join the MLS’s that I list on. I pay all my own fees an...

I'm an unlicensed Investor working under a business. If an unlicensed person brings me a buyer for my PA in a wholesale deal ,I can pay them a referral under their BIN or EIN.

However, If a licensed agent requests co...

Hi All,I'm under contract for a 3-family in Irvington, NJ. Went under contract in April 2018. Finished attorney review. Finished Inspection. Finished negotiations. Currently obtaining investment mortgage as pro...

what does that term " hard money " mean?

Nightowl :oops:

Hello BP,I would like to touch on a subject which I have never come across in any of the books I've read nor often discussed in the BP forums; yet I believe its is a very real thing from my understanding and appears t...

I'm trying to nail down my 1st rental property and one of the things I need to do is get a good estimate on repair costs via a walk through of the property.  Since I've never done this before and don't have a construc...

Hi, I'm interested in obtaining a real estate agent license as a first step in furthering my investor knowledge outside of BP and, of course, for the practical benefits: MLS access/being able to do my own deals. I ...

Hello! Is anyone aware of alternatives to paying LLC annual report fees? There's a hefty $300 minimum per LLC in Tennessee. This will become more important with numerous LLCs.I know this is a question for a CPA and/or...

If I own real estate in a partnership, but I want to pay myself a property management fee, can I create a separate entity to be the property manager? I’m not a licensed property manager / broker, but I’m a partial own...

I purchased a property and inherited the current tenants. She been late 3 different times and which make today the 3rd time because she haven't paid. She receives a disability check I believe which is suppose to pay f...