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Real Estate?

Im a 22 yr old African American female from Tennessee planning to take real estate classes in the fall. I plan to go into the field and succede either way but just wanted to know some success tips from established agents, brokers, lenders, or anyone having to do with the real estate world. Also, willing to travel.

Answer:stay out of the mainstream area; that is, listing houses for sale. become an exclusive buyer's agent. Rep middle income and upper income black women as a niche. Also poke into doing commercial and industrial purchases. and maybe business brokerage plus, interview different agencies-- most are Realtor focused; which means they take listings. YOU can choose not to do that via being an exclusive BUYER's agent. [they don't sell RE--they help buyers buy, and that is a different approach]. plus u can find those offices that have 100% approaches [where the agent pays for desk space and does not split the commission.] available to help -though I am not in TN.

What Can A Real Estate Agent And Broker Require You To Sign In A Real Estate Deal?

I am in escrow on some property in which the seller and his real estate agent were not very forthcoming in their disclosure statements. Through a third party I found out some things about the property that are detriments (such as occassional flooding) but I am willing to overlook them and still purchase the property. I have released all my contingencies and we have a close date set. My real estate agent happened to tell the seller's real estate agent that we found out some of these things on the property - most importantly about the flooding - and now the selling real estate agent wants me to sign a bunch of documents listing out what I found out as if she had told me about them. I don't want to do it - it took considerable effort for me to uncover these issues and I have already signed off on contingencies. I don't think I need to also let her off the hook as if she had disclosed these things to me - she did not. Can the realtor force me to sign these? I am asking if a real estate agent can legally force me to sign informal and misleading documents in order to progress with the purchase? The seller and I have already signed all legal documents as outlined in our legal contract.

Answer:You have a LEGAL AND BINDING CONTRACT. all disclosures within the contract should be what the seller knows about the property. Now the other agent cannot FORCE you to sign anything. Basically what the agent is trying to do is cover his clients ass- if the selling side has a problem with it you can always take it before arbitration (see how they like that). Either way the selling agent is not within his rights to present other docs. for disclosures, nor do you let them off the hook. You will have no recourse if you do. Hope this helps.

How Can I Find A Good Real Estate Investment Coach?

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.

Answer:Russ Whitney has a great coaching program you may want to take a look at. Good Luck Sheldon Moylan of Dominion Lending Centres

Which Real Estate Companies Are Best For New Agents?

I'm planning on getting my real estate agents license in the next few weeks. I've heard that Century 21 and some other companies have their own courses. Is it better to attend their course or just a regular local real estate school. Also what companies are good for new agents. Any advice you can give is appreciated! Thanks! Oh and I'll be getting my license in Tenessee.

Answer:I am a real estate agent in Australia with my own independent office. I am not sure what courses are like through franchises, however, here, the courses with regular real estate schools are very good. When you are looking to find an agency to work for, consider the following: - do they regularly pay for training for their employees? what kind of training and how frequently? - does management get regular training and upgrade their knowledge on changes in legislation etc (here we have special annual education to attend to stay in the know) - what internal systems and procedures do they have that will assist people who are just starting out? for example, a good computer software and training resources in the office for when you get stuck on something. - is there someone more experienced in the office that can mentor you? I believe that a franchise is not necessarily the best, often all the training that they attend is in house, and they are not open to external training providers (which can be very beneficial). You need to look at the individual operator of the office to decide if it will be a good environment to start your career or not.

How Do You Start A Real Estate Holding Company And A Real Estate Development Company, Can I Combine The 2?

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?

Answer: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 much more to make your first purchases. Yes there are Capital gains even for companies to pay with investment properties. When you are ready, have your board of directors vote to take your company public by registering with the Securities and Exchange commission, with the assistance of a Stock Brokerage Company.

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