Hey , Im a Teenager and I want to be a Entreprenuer . I have some buisness ideas, I would like to have my own REALTY, by buying houses for 40,000 and fixing it up with 20,000 and selling it for 120,000 . I know I can do this , because alot of people turned ot wealthy doing this . I would also like too Sell Clothes , so I would like to have a CLOTHING STORE at a mall , and sell many clothes and I know kids like to buy alot of clothes . I could also Have a RESTAURENT , because i always dreamed of having a McDonalds or a Burger King . Which should I havee ?
for real estate – you have to have enough income and good credit to be able to get a mortgage and investment property requires at least a 20-25% down payment, plus another 3-6% for closing costs, so even on a $40,000 house (do they even exist where you live?), you will need at least 10,000 cash up front, then you will need another 20,000 for repairs and you will have to make mortgage payments while you fix it up and a house like that is probably NOT going to sell for anywhere near 120,000 – houses just don’t sell for $60,000 under their true value in the real world – and NO ONE is getting rich flipping houses in the current real estate marketplace – that only works when demand is high and prices and quickly rising – that environment collapsed 2-3 yrs ago. there is way too much housing supply on the market right now and prices are still going down, or may soon head down again with the new wave of foreclosures coming – houses may never see 20+% annual price increases that are almost required to make house flipping profitable – 4% increases per year are normal – not 10-30% like we had before the housing crash – and the avg house is taking 7-10 months to sell, so you might have to be making payments for that long, which will quickly eat away your profits if you don;t have someone renting the house
you pretty much have to already be very rich to be able to buy a McDonald’s or BKing franchise – like having at least $250,000 in cash and having good enough credit to be able to get a mortgage to build a new restaurant from the ground up
a clothing store would probably NOT make you rich – lots of clothing stores have been doing pretty bad during this recession – you need to know a lot about marketing AND fashion and business – it costs a lot of money to rent a store in a mall and there is no guarantee you will even make enough to pay rent, never mind labor, taxes, utilities, advertising, yourself, profit, etc
if you want to have any chance of doing any of these things by the time you are 40 yrs old (or ever), you need a college degree – probably in something business related, get a good job first – work for 20 yrs and save lots of money and THEN maybe you can pursue your dream
please send the review just on domain name i know i parked it so i don’t want any clicks just let me know how the domain name looks
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Sure.
A realtor has taken twenty feet of my land including a well and driveway claiming it as theirs. I have owned this land for over ten years although I’ve never fenced it or lived on it.
You may be mistaken.
You would have to have a licensed surveyor mark the lines in a dispute.
Speaks for itself. What are some important agencies or clubs that its important or beneficial to be a part of, if your a Realtor or real estate agent?
Other than the standard associations that come with being a Realtor (NAR/your local and state associations), I recommend joining networking groups. Some agents are members of country clubs and chambers of commerce, which help circulate their name. Being a Realtor is about promoting yourself – not your business – so any way you can find to get your name out there, the better off you’ll be.
My mother received a certified letter from the buyer of her home requesting money because he put in a French drain due to water coming in the basement after he purchased it. In case we go to court or mediation I would like the seller’s disclosure, inspection report and sales agreement. I have asked her realtor for it but she does not answer my emails or return my phone calls. Is there another way I can obtain these papers since my mother can not find her copies?
A nice email to the Broker on record should get you copies of the sales agreement and seller’s disclosure sheet but at this point highly unlikely you are going to get the buyers inspection report
If you where to go to trial then in discovery phase you would be legally entitled to any and all documents relevant to the suit
If the buyer is seeking serious cash, or seems on the verge of filing suit then best bet is to at least consult an experienced real estate lawyer
In general for the buyer to prevail they must not only produce admissible “proof” that you mother knew of the flooding basement, she took steps to hide this material defect , the fact the sellers disclosure sheet does not address flooding in the basement does not mean your mother knew and attempted to hide the fact
If the buyer files suit in small claims court it may be in your best interest to hire a lawyer, to move the suit to real civil, in that case unless the buyer is an experienced contractor his lay opinion on what is the problem with the basement would not be admissible “proof” in a court of law
like what The Simpsons and South Park did?
And if yes, what should the plot be?
My 2 cents worth? Well Arlen, TX has been selected as the next city to do the World Cup and needless to say, Hank is terrified(gives his usual cry of Awww) but Peggy and Bobby are thrilled.
To top it off, they want to build the stadium right in the middle of Hank’s neighborhood offering a huge price to all the homeowners there. Bill, Boomhauer, and Hank fight against it and Dale thinks it is a government conspiracy and does his thing to prevent it(possible subplot).
Peggy also stands a chance of making a huge realty commission if the houses sell (second possible subplot)
They manage to get the stadium moved but it the next location terrifies Hank more–you guessed it Strickland Propane. Mr. Strickland is happy with the idea but Hank intervenes once again.
However, a happy ending is in sight because they decide to use the location of the old Mega Lo Mart and give Hank the chance to blow up again any buildings there.
Not a bad idea, though I think they’d figure not enough people would go to see it now that "Family Guy" and its ilk have taken over Fox animation.
If a bank seizes a house and gives a title of bank owned, how does it get assigned to a realtor?
Does has to ask the bank to get the listing or bank picks a realtor or?
I am guessing you are a RE agent. And you seek listings. Waste of time. If I am correct
re your query. I suggest you become a buyer’s agent and never ever do dual agency.
I can guide you
tons of buyers if you look in the "right places."
I’m not talking about zillow.com’s Zestimate or RealEstate.com’s not-so-accurate market values. I’m asking about a website that can give me an accurate Fair Market Value, is there any?
No, nothing like that exists and can not be possible to do, zillow is an example of a failed attempt.
Only an appraiser can give you the value if you need it for a legal purpose.
Otherwise any decent real estate agent can give you a BPO, which is pretty accorate if the agent is good.