Q. Real Estate Question
What I was planning to do is to put the house for rent with one agent and at the same time, put the house for sale. I have tried going with just one but I am not having any luck in finding prospective buyer/renter. So I thought about putting it up for rent and for sale at the same time.
I don't want to put the house for rent by two different agents. Each agent would be responsible for rental/sale respectively.
What I was planning to do is to put the house for rent with one agent and at the same time, put the house for sale. I have tried going with just one but I am not having any luck in finding prospective buyer/renter. So I thought about putting it up for rent and for sale at the same time.
I don't want to put the house for rent by two different agents. Each agent would be responsible for rental/sale respectively.
A. If you are looking at renting a property and see it listed by two agents, that's none of your concern.
If you are listing a property for rent and want to use two listing agents, I don't think that's legally possible. It's certainly not ethical. When you list with an agent that gets a commission for finding the tenant, you should have entered into a contract with him. And, therefore, that should preclude you from doing so with another agent.
If you did list with agent A with a listing contract and then listed it with agent B, and agent B found a renter, I would think you legally owe agent A his full commission as well as agent B.
If you are listing a property for rent and want to use two listing agents, I don't think that's legally possible. It's certainly not ethical. When you list with an agent that gets a commission for finding the tenant, you should have entered into a contract with him. And, therefore, that should preclude you from doing so with another agent.
If you did list with agent A with a listing contract and then listed it with agent B, and agent B found a renter, I would think you legally owe agent A his full commission as well as agent B.
How can I get a bank loan for real estate investing.?
Q. Im looking to invest in real estate,my question is will the bank loan me money?I just started a new job a month ago,my credit score is fair(Im really working to improve this),and I have 20% to give down.
Thanks in advance.
Thanks in advance.
A. Normally banks are not the best place to look for investment properties. Banks lend funds based on the value of the property, not the future value of the property.
In order to have knowledge about real estate investments you should invest a few dollars into a couple of books about the subject of real estate investing. There are many excellent books on the subject. You might then make a decision as to which area of real estate investing you would want to get involved in.
There are also methods in which you would find techniques that would explain how to find ways of funding your investments. Normally real estate investors invest for leverage, appreciation and possible tax advantages. This is done by putting as little of your funds into a transaction or project as possible. There are times when you would have to add funds from your pocket, but you should take these on a case by case basis.
Your first couple of investments might be all your funds, but successful investors eventually find those that are willing to assist them in their real estate investments.
You should also seek a local real estate investors group or club to obtain the local practices and things you would need to know about the local investment scene. These groups normally charge a annual or semi-annual fee to join.
You might also find a mentor among the membership, someone that is willing to help you get on your feet and prevent rookie mistakes or errors in judgment. This person would also be able to assist with vendors and tradesmen that would do much of the work you would not be able to do on your own.
I hope this has been of some benefit to you, good luck.
"FIGHT ON"
In order to have knowledge about real estate investments you should invest a few dollars into a couple of books about the subject of real estate investing. There are many excellent books on the subject. You might then make a decision as to which area of real estate investing you would want to get involved in.
There are also methods in which you would find techniques that would explain how to find ways of funding your investments. Normally real estate investors invest for leverage, appreciation and possible tax advantages. This is done by putting as little of your funds into a transaction or project as possible. There are times when you would have to add funds from your pocket, but you should take these on a case by case basis.
Your first couple of investments might be all your funds, but successful investors eventually find those that are willing to assist them in their real estate investments.
You should also seek a local real estate investors group or club to obtain the local practices and things you would need to know about the local investment scene. These groups normally charge a annual or semi-annual fee to join.
You might also find a mentor among the membership, someone that is willing to help you get on your feet and prevent rookie mistakes or errors in judgment. This person would also be able to assist with vendors and tradesmen that would do much of the work you would not be able to do on your own.
I hope this has been of some benefit to you, good luck.
"FIGHT ON"
How can i get real estate agents to sell my preforeclosure properties?
Q. I'm getting into the business of stopping foreclosures,and i was told that this type of business is less than attractive to real estate agents.My question is two part,why is that and what can i do to get them to actively sell my properties...Equity is not an issue,each property has an average of about 20 to 30 thousand,with all closing costs paid,walk through and all...
A. First off, are you licensed to "Stop foreclosures?" If so, how.
Realtors are worried about getting sued every day, and if someone is preying on people whose homes are going into foreclosure, the Realtor will usually get sued at some point, and that's what we're all afraid of.
How can you guarantee that there's that much equity in these properties? Are you buying them from these people who are getting foreclosed? If so, how come they didn't list it first to try to sell it? If they did, and it didn't sell, maybe there is no equity there.
These are questions that not only do Realtors ask, but so does the general public.
Realtors are worried about getting sued every day, and if someone is preying on people whose homes are going into foreclosure, the Realtor will usually get sued at some point, and that's what we're all afraid of.
How can you guarantee that there's that much equity in these properties? Are you buying them from these people who are getting foreclosed? If so, how come they didn't list it first to try to sell it? If they did, and it didn't sell, maybe there is no equity there.
These are questions that not only do Realtors ask, but so does the general public.
How do I obtain a real estate license?
Q. I am graduating college soon and i am very unsure about what i want to do. I was thinking about going into real estate because it has always seemed interesting to me. I live in Pennsylvania and wouldnt mind starting my career here but i would eventually like to move and do real estate elsewhere. My question is where do i start? Do i need more schooling? Do i have to take a test? If i get my license here can i practice in other states? Im very clueless so any information would help. Thanks
A. Yes ,yes, no. Yes you need a license and this requires a course, normally about 2 months for a 4 hour course, or you may be able to study on-line. Yes there is a state and national test two parts. No you can not practice in other states until you meet the requirements of that state, normally take the state portion of the test for that state and any educational requirements for that state. Then you will need to sign up with a broker, most real estate jobs are commission only and you are not an employee but a independent contractor. There are some paid jobs such as office jobs, property managers, and a few brokerages may offer a salaryl.
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