 Can other members of my family claim rent from the house i live in as it is part of a family inheritance?!? |
| been living in the house for 8 years with my father when he passed away. i have continued to live in the house, rent free while the estate is sorted out but another member of the family is ... |
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 Mold in my apartment with infant, manger wont help!? |
| I live in Sacramento, Ca. { If that helps in any way } Me, My husband, and Our 11 month old son have been living in these apartments for almost 2 years, we transfered to a 2 bdrm about a year ago due ... |
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 How much does your rent or mortgage cost you every month and what type of home do you live in.? |
| i live in an apartment in Phoenix and i pay $635.00 per month (one bedroom) i think that's pretty cheap for housing, I'm curious as to what other people shell out every month for there home,... |
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 I think I want to work in real estate, but I don't want to be a realtor. What else can I do? |
Additional Details
BTW---I did not give all those thumbs down. Not sure who Mr/Miss Cranky is.... |
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 I'm breaking my lease. Can they make me pay anyway? And how? |
| The landlord and I had a "gentleman's agreement" that the one year lease could be broken if I decided to get married within the lease, which is the case. Now they are saying I have to ... |
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 If they credit crunch has resulted in a fall in house/property prices, why is this a bad thing? |
I have noted that a recent result of the global credit crunch is its affects on the property market.
I have learned that house prices have fallen recently.
However isnt this a ... |
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 I need a 1 BR in San Diego for less than $700? |
| Does anybody know of a 1 BR apartment in southern San Diego for less than $700?... |
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 Foreclosure vs bankruptcy? |
| I have a house in CA and my primary home is in TN.What will happen if I have to forclose on home in CA, will I lose my cars? my primary home? and No I did not use anything such as my cars now or my ... |
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 Starting a career in real estate...? |
| I am thinking of starting a career in real estate. I know the housing market is in a state of decline and credit standards are becoming tight. As a result, commissions are going to take a dive for ... |
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 Question about my condo? |
| Our condo building is very nice, but the walls in the stairwell have gotten dirty over the last three years--the paint on the walls is a flat paint-basic that can't be cleaned by wiping the ... |
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 How to stop a foreclosure? |
| I was diagnosised with cancer in April of this year and have to undergo to different surgeries thus causing me to lose my income. Due to the excessive medical bills we are currently behind on our ... |
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 Help, how much roughly will I need to pay to rent? |
When I will start my apprentiship I should be earning at the least £10,000 a year but thats not including tax etc.
Me and a friend earning very similar want to start renting a flat but were not ... |
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 Re-Financing Mortgage-Why do i need a Apprasial? |
| I am comptley lost on mortgage issues. We are trying to refinance our motrage and they said we need an apprasial. Why do we need it? They said it costs $375 to get this. Why is it so much? Is it ... |
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 Mortgage loan approval? |
| When applying for a mortgage loan, and you are approved for 150k and the house you want to purchase is 130k, can they still loan you the balance of 20k (for like painting or furnishing the house) or ... |
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 Any suggestions on how to leagally irritate non paying bums to get them to leave a property? |
| They have been living there since Oct and it was actually sold to them on a land contract so in Michigan they have 90 days to get out. We received that info yesterday at court. We will lose the house ... |
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 Is it a requirement in PA that a landlord must repaint the apartment for new tenants? |
| our apartment has some major holes and exposed brick, rusty heaters,dirty carpets and yellowish stains on the celling. We just moved in, the house was build in 60th(lead paint was used); the landlord ... |
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 Does this sound okay? |
| My husband and I are looking at houses because we are expecting our first child and our little 2 bedroom house is too small! However, we do not have enough money for a down payment. So we were ... |
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cat | Question concerning real estate? |
i'm studying to become a nurse, i want to become a real esate agent and make some money on the side... what are your opinions on a career in real esate? i live in new jersey |
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Roger Oh
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Real Estate can be a great business to take advantage of if you have experience and resources in order to able to handle all the mechanics of a deal and be resourceful in order to exit and profit from a deal. It has taken me a number of years making mistakes in order to be able to archive the position I currently at. You have to know the right people and build a network which takes a good amount of time. It definitely takes knowledge, personality, patience, people you trust, reserves, resources, contacts and go getter attitude to be able to close a deal. I would follow up with the nursing and do real estate part-time as a backup and gradually progress into real estate at the same time. People are quick to discourage you into not doing things that they cannot achieve. Things are what you make it nothing is impossible! Be patient and learn real estate at the same time as you are learning to be a nurse as a backup plan a major problem with this business is cash flow. You can become equity rich and cash poor and want to build your reserves as you go. The market is excellent to purchase and hold properties take advantage of this situation while you can and build up your equity for stronger acquisition buying power. Good luck with your choice and Have a Happy and Prosperous New Year! |
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MLaw
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Devote your efforts to being a nurse. |
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frankie b
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Real estate is great for the people who take it as a serious career. The part timers are dropping out and eating Romain noodles right now. It is a tough market, and if you re only "playing" Realtor you will starve. |
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haygirlc
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Most real estate careers are commission-based, so nursing will be a more stable field (including benefits!). Many people I know have a full-time or part-time job and a real estate license. Those who make the efforts to keep up with the industry, take the additional coursework to maintain their license, and have the opportunity to do a few deals on occasion. Also, taking the real estate exam does not train you to perform as an agent. On-the-job training, perhaps starting as an assistant or transaction coordinator is a good way to learn the ropes. I'd suggest get your nursing degree first, get a good job in that field, and then pursue a RE license as a backup opportunity. However, if you are a licensed real estate agent (speaking of California laws), to work as an active agent you must hang your license under that of a Broker. Usually this constitutes monthly fees to the broker, office space use, fees to the board for MLS access and SupraKey, percentage of commission paid to Broker, etc. If you don't have any business you will soon outspend your profits. |
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artwhiterealtor
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Part-time efforts will result in, at best, part-time profits. Meanwhile you will have full time expenses and full time liability. Focus your efforts on nursing and learn more about real estate in your spare time, but as a prospective buyer and investor. Oh, and start your education at your local community college or adult ed school where you will spend very little and not be subjected to someone marketing a "get rich quick" system. |
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Expert Realtor
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I have a real estate brokerage, and I don't hire people that do it part-time.
The reason is, you have to be available for your clients, when THEY want to look at a home, not when it's convenient for you. You have to be available for when THEY want to write a contract, not when it's convenient for you.
Some people that are successful at part-time real estate sales usually at some point either did mortgages or real estate full time at some point in their life....therefore there really wasn't much of a learning curve.
If it's not your background, then it's a huge learning curve. |
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psi2006
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What artwhite said is right. I know how you feel though because I became a real estate agent in addition to lots of other things I'd done because I wanted to know about it. I wish I had known what I know now when we bought our houses. I was clueless. Being a real estate agent costs money. You have to belong to a brokerage in order to practice. The brokerage will charge you a monthly desk fee (to use phones, copiers and common office space), and of course take half of your commission. You have to pay for insurance and various other state and local fees. If you are a sellers agent you have to pay for marketing until the property sells. Buyers agents spend lots of time and gas showing properties that are not bought. It is definitely an expensive business. Take the course. You'll know by the time you finish whether you want to do this. I think being an investor is a better idea for you. Real estate is too unpredictable and unstable, like surfing. |
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glenn
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Do you think a Real Estate agent would make a good part time nurse? Probably not.
It is a harder business than it looks and it is expensive also. You do hours-days-weeks worth of work but if the transaction does not close, then you don't get paid at all.
It can be a good job but I think you would be better off if you took an additional nursing job. Real Estate is not a good part time career. |
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Jeanne B
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I'm assuming this is something you want to do while you're still studying?
There are good things and bad things about working in real estate, just like there are good and bad things about any field or career.
The good things are the flexibility and satisfaction of closing a deal. During a booming market, the income is also good!
On the other side of the coin, to make any money in real estate you have to do it full time...maybe even more than full time. The real estate market is very slow right now, which makes it hard for even full time agents to make a decent living...there are LOTS of full-time agents who have gotten part-time jobs, or even other full-time jobs, because they cannot survive on their real estate income. Being an active, licensed real estate agent is also very expensive. 99% of the time you'll be an independent contractor...there are very few brokerages with a business model that handles agents as employees. Agents pay for their own education, licenses, dues for the national, state and local realtor associations and MLS. If you're blessed with a buyer these days, you'll spend A LOT on gas! Depending on the brokerage, you may pay for your own signs, office supplies, advertising, website, etc.
I love real estate, but I'm not sure it's the greatest side job for a nursing student. By the time you get up and running (generally a year at minimum) you may be ready to graduate!
It may be better to take a job in your own field, which could help you get the job you want when you graduate. |
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