How can I find a good real estate investment coach?
Q. I am a new real estate investor. I am looking for a good real estate investment coach in San Francisco Bay Area. I have a real estate saleperson license and have basic real estate investment knowledge. I am looking for a good real estate investor coach who have years of success investment experience in residential and commericial. I have private funds for good deals and would like to be partnership or learn from savy investors.
Asked by Xiang Z - Mon Jul 13 20:54:28 2009 - - 4 Answers - 0 Comments

A. Russ Whitney has a great coaching program you may want to take a look at. Good Luck Sheldon Moylan of Dominion Lending Centres
Answered by Dominion Lending Centres - Fri Jul 17 01:35:02 2009

How do you start a real estate holding company and a real estate development company, can I combine the 2?
Q. I am 14 and when I get older I would like to start a real estate holding company LLC and a real estate development company LLC. How much money would I need to start one? With the real estate holding company do I get capital gains? Also I would like it to be publicly traded. So what is the best way to go about doing this?
Asked by Bdd - Wed Feb 4 13:20:29 2009 - - 1 Answers - 1 Comments

A. Wow! what a great question from a 14 year old. a LLC (Limited Liability Company) is incorporated with the Attorney Generals office in the state it is established in. The best way to do that is to go to an Attorney. A holding company and a Development company may be combined into one, have different division or groups to do the different objectives, or even the same people. You can never have too much money to start a company, it's the too little that matters. Your best bet is to save as much as possible, write up a business plan, go to friends and family for investment in the company before you start out and hope to have a minimum of $50,000 to $500,000 to start your company. Then you can go to a bank and borrow, usually 2 to 3 times that… [cont.]
Answered by Jim Bob - Wed Feb 4 13:49:26 2009

Who pays the real estate agent when a foreclosed home is purchased?
Q. We are looking to buy a house. We found a real estate agent before we found the house we really want. It's a foreclosed home. How does the real estate agent get paid?
Asked by sjsteelemoon - Fri Feb 15 11:35:56 2008 - - 5 Answers - 1 Comments

A. The seller, in this case the lender, pays the agents.
Answered by godged - Fri Feb 15 13:08:56 2008

How should I start off my path to real estate?
Q. I am 16, and planning on going in real estate because it seems like hard work in that business pays off compared to other places and because I am very persuasive. When I start my junior year at my high school.. I have about 2 free clases what do you think I should take that will help me with real estate? I am going to go to "cal state san bernardino" after I graduate high school. So what clases do you guys suggest I should take there and what should I major in.. that will ultimately help me with my real estate journey. Also someone suggested to me I should get insurance..220 license ,real estate, mortgage license? can someone explain to me what all that does?
Asked by mookie - Sun Jul 23 17:39:46 2006 - - 9 Answers - 0 Comments

A. Check ALLIED real estate school online for info, I got a license from them.
Answered by I see you - Sun Jul 23 17:58:35 2006

What is the best state to sell real estate and what are the requirements to have a real estate license there?
Q. What is the best state to sell real estate and what are the requirements to have a real estate license there?
Asked by Ashley - Fri May 8 00:32:14 2009 - - 1 Answers - 1 Comments

A. This is not a good real estate market, but it is improving. The people who make the most money in real estate know their area and have lots of contacts who refer buyers and sellers to them. Moving to a different area means you start from zero with both of the above. Stay where you are, get your real estate license, and work for a well respected local company that will help you get started. If you don't have savings to support yourself for six months to a year, then get a job working for a successful real estate salesperson who needs help doing the small stuff that takes time, but not a lot of skill.
Answered by unknown - Sun May 10 17:30:41 2009

How do part time real estate agent make money when their not selling homes?
Q. I'm freshly into real estate. I'm curious as to how other people make a living when the market is down and you have no homes listed with you being sold. Even full time agents also. What type of ways do you find income rather than selling a home. I would like any experienced real estate person to answer. I know everyone says don't get into real estate becuase its 100% commission, but I love it. But I need some good advice. Please help. Thank you.
Asked by JRS300 - Wed Jan 23 18:35:13 2008 - - 5 Answers - 0 Comments

A. I have been a Realtor for 22 years and have worked full time and it is my primary source of income. Through the slow times I have built houses, bought and remodeled homes and sold them or kept as rental, worked for appraisers, and anything I can do to offset the lack of income. If being in real estate is what you enjoy...find something that you enjoy but involves the business. You might think about doing some property management. I recommend that if you have not been in the business very long...get involved in everything you can to socialize and widen your sphere of influence. Charity work will payoff in your heart and you will be amazed at the customers you can reach. You may have to find a part time job to get you through the lean… [cont.]
Answered by Tres7 - Thu Jan 24 00:36:15 2008

Are there any approved real estate schools on the internet?
Q. In my state, to get a real estate salesperson license you must complete 90 classroom hours of approved real estate courses. Can those hours be done in an online school? In other words, are there any approved real estate schools on the internet?
Asked by Malia S - Thu Feb 26 14:46:12 2009 - - 2 Answers - 0 Comments

A. What state are you in. Google Duane Gomer Seminars or Executive Programs for California. They might serve other states. Both these schools are highly reputable, have high pass rates, professional, and are DRE approved.
Answered by Glenn S - Thu Feb 26 15:05:45 2009

How/where to deduct real estate training fees on taxes?
Q. I plan on getting a real estate license for the education and qualification when managing my private real estate investment career. Where/how do I deduct these costs on my taxes? Eventually I'll set up a real estate company where I could deduct them, but that won't be set up for a while. Thanks.
Asked by DJP - Tue Sep 30 20:16:43 2008 - - 4 Answers - 0 Comments

A. Take the schooling as a Lifetime Learning Credit.
Answered by Sharon T - Tue Sep 30 20:54:29 2008

How many real estate agents currently work in Ontario?
Q. I need to know how many real estate agents are currently working in Ontario year 2008. Can anyone give me precise stats on this?
Asked by agent.markpang - Mon Dec 1 01:28:48 2008 - - 2 Answers - 0 Comments

A. 7 the rest are just showing houses.
Answered by shipwreck - Mon Dec 1 02:52:40 2008

How many real estate brokers should I talk to?
Q. I will be buying a house in the next six months. I have a couple of real estate brokers who have been recommended by family friends and colleagues. How many real estate brokers should I be talking to?
Asked by MR4444 - Wed Jan 17 04:12:48 2007 - - 4 Answers - 0 Comments

A. A couple is good, and if they have been referred to you as good ones, all the better. Just use those 2, let them work for your business. Competition never hurt anyone. Good Luck!
Answered by Barbara - Wed Jan 17 06:28:27 2007

How do real estate agencies keep track of their property signs?
Q. I'm seventeen years old and have just been hired by a real estate agency to create a simple system to keep track of their property signs. If you have any experience in real estate your help would be greatly appreciated. I'm thinking about numbering all the signs with a sticker or something.
Asked by Ricky - Thu Aug 27 11:12:30 2009 - - 5 Answers - 0 Comments

A. Where I am they have third party services. Those things are big, bulkly, and require a post hole digger to put up. most agents are not inclined to either store or post their own signs.
Answered by Landlord - Thu Aug 27 13:52:13 2009

Any really good real estate investing programs that make sense for this market?
Q. Does anyone know of any real estate investing courses that really help you make money in today's crazy market? I don't want to pay for stuff that doesn't work any more.
Asked by ecgdgz z - Tue May 6 10:27:59 2008 - - 3 Answers - 1 Comments

A. NO they are all scams - enlist the services of a realtor or real estate attorney and find a really smart mortgage broker who is a member of the National Association of Mortgage Brokers. Several of those "get rich quick investing programs" are under investigation by the states and federal Attorney generals offices- www.FTC.gov
Answered by lexiegirl619 - Tue May 6 11:32:28 2008

How much are real estate agents fees to manage your property when you rent it out?
Q. If I was to move overseas and rent my house out, how much would I expect to pay a real estate agent to manage the property? Eg as a percentage of the weekly rental rate? I forgot to say, this property is in Sydney, Australia.
Asked by Easy - Thu Oct 30 03:12:47 2008 - - 4 Answers - 0 Comments

A. I am a landlord in Sydney Australia and at the moment I am paying 8% of rent in Management fees. Also they usually take the first weeks rent at the start of a new lease. With the shortage of rental stock though in Sydney I am sure you should be able to find property managers who could probably do better then 8%.
Answered by sharuk22 - Thu Oct 30 03:36:33 2008

How do most people get rich in real estate?
Q. Who are some well known people who have became wealthy as real estate agents or real estate owners and how did they do it. Also does anyone know any good real estate books or videos that teach you what you need to know to become wealthy in real estate. 10 points if I find your answer the most helpful.
Asked by Johnny Depp - Wed Mar 18 19:41:25 2009 - - 3 Answers - 0 Comments

A. Agents handle one sale at a time. Brokers handle all the sales for all their agents at any time. You will make best $$$ as a broker. Owners and investors make money on the value of the property, the rental income, equity growth and the tax benefits. Owners must have enough cash flow throughout the year to meet operations expenses and pay the mortgage. As with selling, when you own a place and equity increases, you can leverage that equity to buy another place, and increase your rents. Eventually you have several properties all increasing in value at the same time. Now, remember, the market forces and life events dictate whether you make money in the short term, or if you must pass along your property to your heirs in the hopes they can… [cont.]
Answered by AE Neuman - Wed Mar 18 19:53:31 2009

What is the difference between a Real Estate associate and a broker?
Q. I was looking into obtaining a real estate lisence in Florida. Where are some good websites or places to get my license? And what is the difference in a real estate associate and a broker? Which license should i go for? Any tips for me that would be helpful
Asked by bribri - Fri Jul 20 00:00:09 2007 - - 2 Answers - 0 Comments

A. In my state (TX) the terms are Broker and Salesman. But obviously Salesman and Associate are the same thing. The one who holds the Broker license is the one who has primary responsibility for the agency. A salesman works under and is sponsored by the broker. Although a salesman can take a listing or sell a home, he/she does so in the name of the broker. If a salesman decides he wants to work for a different broker at another agency he usually cannot take the listing with him, unless the broker has agreed to allow him to do this. Both the broker and the salesman MUST be licensed in the state in which the agency is domiciled. Obviously you will want to become affiliated with a broker who will then sponsor you for the state board exam. … [cont.]
Answered by doncunn8 - Fri Jul 20 00:17:59 2007

Is it beneficial to use a real estate agent when buying a home from a home builder?
Q. A real estate agent told me he could help negotiate the price and get us the better deal on a newly built home. The real estate agents at the builders location says they can get me a better deal if I don't have a realtor. Who is blowing smoke? Do I actually get a better price if I go with a realtor or without?
Asked by bjdmb - Mon Sep 24 17:11:59 2007 - - 13 Answers - 0 Comments

A. The Realtor is telling the truth. New home builders actually build in the 3% they pay Realtors. If you don't bring one the 3% goes directly to the bottom line. Go into a new home development and tell them you want 3% taken off the top of the home. They will most likely tell you to go take a hike. Realtors can actually ask very specific questions that you as a neophite would never think to ask. Realtor also know that the "Statute of Frauds" prevents the salesperson in the model home from verbally promising you things and not putting it in writing. Many people decide to NOT use an agent to buy a new home and pay dearly for this decision. Here's what normally happens. They go into a new home development and the salesperson working… [cont.]
Answered by Terry S - Mon Sep 24 17:45:43 2007

Why is it that a Real Estate Mogul never becomes the richest man on Earth?
Q. Real Estate is always one of the MOST profitable business in town. During recessions real estate is doing bad, however otherwise, if you know how to do it, then it is very profitable. So why don't we ever see a real estate mogul become the richest man?
Asked by GuRu - Thu Aug 27 13:51:24 2009 - - 2 Answers - 0 Comments

A. In the past most people became rich by owning and controlling natural resources. But thats been changing for a few decades. Many have become rich by owning the rights to intangible assets.
Answered by jeff410 - Thu Aug 27 14:17:29 2009

What is the easiest way to learn on Real Estate?
Q. Because when i hear about Real Estate sometimes, i be thinking if it's hard to do real estate and how hard it is to learn Real Estate.
Asked by Saint - Thu Jun 5 11:12:03 2008 - - 1 Answers - 1 Comments

A. Are you talking about being a realtor? Or being an investor? Getting your license is easy almost anyone who can graduate high school can do it. I got my license in NJ taking a 2 week course, passed the exam, etc. That part is not hard at all.
Answered by Chris L. - Thu Jun 5 11:16:41 2008

How do I pick a successful real estate company to work for?
Q. I recently passed my real estate sales person exam, and now I am on the hunt to find a company to work for. Like any body in the real estate game I want to be successful and I want to learn a lot. How do I find that perfect company to work for, or can someone recomend a company. I live in Chicago.
Asked by lunerchick2001 - Sat Jul 1 20:36:31 2006 - - 6 Answers - 0 Comments

A. Interview with Keller Williams Realty The only real estate company that offers profit sharing GREAT company to work for, GREAT training on how to market yourself, in any market. If you would like more info on a career with Keller Williams Realty, go to my web page and on the top you will see "Sell a Property" Click on that, then click on "A career with Keller Williams" I think you will be very impressed. You can also e-mail or call me and I will be more then happy to talk to you about Keller Williams or send you some more information. pauld-kw@hotmail.com BEST of luck with your new career!
Answered by Paul D - Sun Jul 2 11:20:19 2006

What is required to become a real estate agent?
Q. I'm thinking of majoring in real estate and had a few questions for this job. What are majors required to become a real estate agent? Are there any colleges that specialize in that major? How about the required degrees? How many years of education will it take? I also live in California to be specific.
Asked by kim - Thu Dec 18 01:04:50 2008 - - 3 Answers - 0 Comments

A. You attend classes for 1-3 months at a "licensing" school. When you pass their test, you take the state test. You pay a fee to the state. You interview at realty offices. You choose one. They train you and you go to work. No education required. THink of Bill Gates; he dropped out of school..
Answered by Ed Atun - Thu Dec 18 06:57:11 2008