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FAQ

I helped buy some real estate for 310'000.00 with the promise from a friend that I would be on the deed to then house. 2 years later I found out that he never put my name on the deed to the house because as he says " no home loan agency " would give us the loan because I owned a special needs trust fund. do I have any rights to the house? Or should I ask for my money back that I put forth towards the equity of the house?

Attend open houses. Also, pick up the local real estate books that they give out for free. Find a few houses you like and call the listing agent and ask to see the house. That will give you a chance to meet a few local agents and see if there is anyone you mesh well with. We used Remax with our last purchase/and sell. However, I would not base my decision on a specific company name....each realtor is different and unique. Try to stick with a company that has a more well known name (none of those discounted fees places or tiny companies) so you know you are getting the most accurate information possible. If possible, it would be nice if the agent was close to your age, so that they can relate to why you are looking for certain features or locations, and can better foresee other homes that may be perfect for you that maybe you are overlooking as being somewhat unfamiliar with the area. Good luck! Look at several houses before making any offers!

I am thinking of going into real estate and I'm just wondering what the average income for one in New Zealand is. An answer from someone who actually has an idea of what it is would be preferable. No wild guesses please.

Agents are not salaried employees. If you hustle and have a lot of contacts that are buying and selling real estate, you will make a fortune. Literally. If you have few sales skills, and no contacts you will make nothing. Literally.

Would like a professional opinion on when the texas real estate market will improve

All real estate values are extremely local. So much so that I have seen a store sell a location and move next door (and spend thousands to move and thousands more for the transaction) to an identical size and shaped space- just because the location (next door!) was better. Just within my city in North Texas there are huge differences in market activity from block to block. I have one transaction closing next week where the buyer has agreed to pay more than the mortgage company appriasal value- and that normally tells me that the market around that home is pretty strong. I know other areas just a few miles away that don't seem to have any buyers. There are a lot of ways that location matter of course- not just how the neighborhood looks. If people in your area feel very secure about their jobs then they are more likely to buy a house. If the schools are good in your area then people might be more likely to move to your area. If the transportation works well in your area, If the recreation in your area, if the government in your area, if the enviroiment in your area...all those things figure into location. If you look at the foreclosure rates for Texas and compare them to the nationwide statistics you will find we are doing much better than the rest of the country in that area. In my area the Barnet shale is pumping large amounts of money into the economy- kind of like very large stimulos checks each month. What you maybe asking is when will my home go up in price?. I can not predict the future price even on my own home. I can tell you that My home did not seem to go up in value this last year- I think it may go up a small amount this next year. I think in part the national economy is holding us back- but I do not believe my home has gone down in value at all in the last four years- and there are very few areas of the country where a homeowner can say that.

I am thinking about getting into real estate...I know there's more money in commercial but its harder to break into....any tips/ideas/suggestions?

Commercial real estate usually involves a depth of understanding of these properties as the sale of an ongoing business, a site for a potential business, a possible business investment property, etc. That means you need a good solid familiarity with the concept of EGIs, GIMs, GRMs, NOIs, capitalization, depreciation, economic life, market and investment values, sales comparison, vacancy and collection losses, zoning and permitting and licensing - etc. - depending on what kind of commercial properties you are going to be working with. This is all great stuff, and a wonderful challenge, if you have the expertise. If your background includes this kind of experience (as an accountant, lawyer, banker, property manager, county or state employee - whatever) use your old contacts as a launching point in your marketing plan. People who know you already, professionally, will have some amount of faith in your abilities and can send you business - if you ask them to keep you in mind. If this is all new to you, you will need to build credibility. Take classes that pertain to this field (business, real estate, accounting - whatever you can find) and join the local commercial real estate associations. Build up your resume and network, network, network - and have a solid marketing plan to put your face out there. Ideally, you will find a mentor to help you along the way - perhaps in your local commercial real estate association? If this is your dream and your passion, and you are willing to set logical goals and work hard, you can do it. Good luck and best wishes.

Do you own an investment company? How is it set up (llc, ect. please explain it)? Are the houses n your name or company name? Are you an agent, independent agent, or broker? What kind of education do u recommend? Do you suggest any books or courses especially for teens? I like real estate and would love to be a "professional flipper" (investor) and work for myself. Thanks!

Hello there. I have been a real estate investor for about 20 years now. I own my own incorporation. I purchase foreclosure properties, especially now a days they are really cheap. When I am interested in a property, I do some very heavy bargaining for the best possible price. When purchasing a property, I use my company name and use company money to purchase properties. I basically purchase the properties and I have professional agents who work for me to sell the house. If you are interested, you can take a real estate course from a local community college which takes about 6 months to one year to complete. I have four office locations throughout Chicagoland where people can find available properties and meet with agents.

I'm considering going into the field of real estate inspection and would like to know an estimate of there starting salary's for a r/e apprentice.

ninety 9.ninety 9% of all actual assets brokers artwork strictly on fee. there are some circumstances the place a broking provider would desire to hire an agent to handle assets administration the place they get a income, yet it extremely is amazingly uncommon. maximum brokers don't get a income. they're autonomous contractors. they do no longer sell = they do no longer consume.

Furthermore, Can I be a real estate agent and work for an insurance company at the same time, and what are the stipulations thereto??

All states are different but google your state real estate commission. There you will find what's required. Good luck

I am partnering with someone doing Real Estate Wholesaling. I find the buyers and he get the houses e need under contract. Now usually I do this by myself but how do I give a buyer to my partner. Do I just say it is a referral or do I say he is my partner and we are working together on this?

As a real estate wholesaling investor you are essentially the middleman. You are the guy that finds the houses for sale and connects the buyers with them. Once you start learning more about starting a wholesaling business you’ll find that there are plenty of buyers for wholesale as long as you look in the right places. Plus, there are plenty of motivated sellers and it will be easy to get them to come to you with the right marketing.