What is real estate investing and is it good to invest in it?
Q. Im in 12th grade about to graduate and plan on investing, How would you invest in real estate threw ETF'S? or something else? are their any negatives investing in real estate?
Asked by James - Tue Mar 23 20:36:39 2010 - Investing - 2 Answers - 1 Comments

A. An ETF for REITs you mean? Any way there are several ways you can begin to invest in real estate. A REIT or real estate investment trust is a kind of stock that represents a share in a RE investment company. REITs usually specialize in rental housing or commercial property. There are many specialties within these categories as well. Law requires REITs to pay out almost all income back to shareholders as dividends. REIT shares are usually pretty easy to buy and sell, so they are a decent way to start. If you want to be a real real estate investor however, you have to buy and lease or sell property in your own right or with partners. One of the key reasons for this is leverage. When buyinf REIT shares you are buying straight-up equity. But… [cont.]
Answered by - Tue Mar 23 20:48:55 2010

How do I become a Real Estate Agent in Missouri and what are the fees?
Q. Even though the economy is down, I would like to get into the real estate market by becoming an agent. I would just do it as a side job. How would I go about getting my license and what are the fees involved with being a real estate agent?
Asked by stephbrown2005 - Mon May 24 00:07:35 2010 - Renting & Real Estate - 2 Answers - Comments

A. After you have met the eligibility requirements and passed the examination, you may apply for your real estate salesperson's or broker's license. You must submit your application for license to the Missouri Real Estate Commission within six months of the date of your 48-hour pre-examination course completion. If no education is required, proof of satisfactory completion of BOTH portions of the required examination must be completed within six months prior to the date the application for license is submitted to the Missouri Real Estate Commission. Follow the instructions on the reverse side of your passing score report to apply for your salesperson's or broker's license. Questions About Licensing Questions regarding license application or… [cont.]
Answered by Ghost of Zeuz - Mon May 24 00:11:35 2010

What Real Estate qualification do I need to buy properties for myself as an investor?
Q. I want to start a business buying, renovating and selling properties. I would probably sell through a proper agent, but I'm interested in finding properties myself before they get to market. What qualification do I need to be able to access information only Real Estate Agents have access to? I'm not planning on actually working as an Agent. In the US it's called MLS, anyone know what it's called in Australia?
Asked by kasobe - Thu May 13 04:14:16 2010 - Renting & Real Estate - 3 Answers - Comments

A. If you want direct access you would need to have a valid real estate sales license. You can not directly access the information and you can not enter properties without the license.
Answered by Landlord - Thu May 13 08:59:03 2010

How does real estate investment trusts work?
Q. What are real estate investment trusts or REITs and how do they work. Is there some law that give these trust some tax efficiency status and how can investors invest in these REITs. With the real estate market in the US the way as it is, is it a good time to invest in the property market through real estate investment trusts. What kind of people manage these funds or trusts and what are their typical return on investments?
Asked by - Mon Jun 14 09:24:49 2010 - Renting & Real Estate - 2 Answers - 1 Comments

A. A REIT buy's skyscrapers, shopping malls, apartment complexes, office buildings, or housing developments. Rather than investing directly in real estate, investors of REIT's invest in a professionally managed portfolio of real estate. REIT's trade on the major exchanges, just like stocks. REIT's make their money from the rental income, profits from the sale of the property and other services provided to the tenants. REIT's also receive special tax considerations; they do not pay taxes as long as they pay out at least 90% of their net income to investors. Thus, successful REIT's can offer investors high yields, current income, and moderate growth. But, while these tax considerations benefit the REIT, the investor still has to pay tax on the… [cont.]
Answered by cullar - Mon Jun 14 13:04:26 2010

Is real estate appraisal work still a good career?
Q. I want to get my license to do commercial and residential real estate apprasials, but I am worried about the current real estate market. Is this still a good career to pursue, or is the market really ending for this type of business? How much money do appraisal workers make annually? Thanks for any info!
Asked by Team Hall - Fri Aug 31 12:18:10 2007 - Renting & Real Estate - 2 Answers - 1 Comments

A. Currently, I am a General Appraiser in NY. For commercial appraisals we charge between 3k-5k per job (average). We charge $600+ for residential work. The trick is to avoid finance appraisals. We do appraisals for attorneys, municipalities, accountants, insurance companies (divorce, litigation and condemnation, estates, gifts). This kind of work is recession proof and you can charge more because the appraisal is going to court. Also, people will always be getting divorced and die. If you rely strictly on mortgage appraisals you will not be able to survive right now. Getting a license now is very difficult. Effective 1/2008 the standards of becoming an appraiser has just increased. You will need 300 classroom hours and past each test (Around… [cont.]
Answered by tianaramal - Fri Aug 31 13:48:42 2007

How do you become a real estate underwriter? Or what is the best career choice in real estate?
Q. How do you become a real estate underwriter? Or what is the best career choice in real estate? As far as commission / salary?
Asked by Donald W - Tue Mar 24 01:59:12 2009 - Other - Careers & Employment - 1 Answers - 1 Comments

A.
Answered by Lucky Patel - Tue Mar 24 13:05:41 2009

What real estate software requirements do you have?
Q. If you are a real estate professional, read on. What features are you missing in your current real estate software for publishing properties in your portfolio, or what software features would allow you to boost your business or productivity? What software do you currently use to publish your properties on the internet, and how do you make sure that the correct audience gets informed about your new property?
Asked by - Sun Nov 6 05:16:29 2011 - Renting & Real Estate - 1 Answers - 1 Comments

A. If you're thinking of breaking in to the industry, then you're up against some very, very stiff competition. Most web hosting services (Ubertor, My Real Page) etc have set themselves up for a huge following. There's different layouts to choose from, functionality varies etc and the prices are tiered and reasonable. If you have the manpower and the advertising dollars to afford to start a new one, go for it! Each service isn't perfect. I hate the way photos are displayed on one service. I also hate the way the information is displayed. On the other hand, showing a "walk score" of the building/unit is great for people who want to know what's around the area for convenience purposes. The most annoying thing is how difficult it is… [cont.]
Answered by - Mon Nov 7 04:04:37 2011

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 - United States - 4 Answers - Comments

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

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 - Renting & Real Estate - 1 Answers - 2 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

I want to start a Real Estate Investment company. Do I need a real estate license?
Q. I want to invest in real estate but want to protect my personal assets.
Asked by nik - Wed Nov 14 12:47:47 2007 - Investing - 3 Answers - Comments

A. It may make you look more creditable. I don't know if you NEED it, but it may look better to clients if you did... or just hook up with someone who has one!! Good Luck.
Answered by wfhlembo - Wed Nov 14 12:57:27 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 - Thu Aug 27 11:12:30 2009 - Renting & Real Estate - 5 Answers - 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

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 - Renting & Real Estate - 2 Answers - Comments

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

How hard is it to get into real estate? How do you become a certified real estate agent?
Q. I was interested in the real estate field. What steaps do i have to take to become a real estate agent?
Asked by startrak_06 - Tue Jul 15 19:43:22 2008 - Renting & Real Estate - 7 Answers - Comments

A. study and pass the state test
Answered by betotron don - Tue Jul 15 20:12:38 2008

How do real estate people seem to be so safe in showing homes to strangers?
Q. You see so many pretty real estate women, but it's rare to hear of crimes against them even though they walk strangers through homes alone. I'm going to guess that they get identification of people via their license, but is that enough or do they use other methods too? I kind of doubt that all of them are carrying guns. I hear you Lord, but how many fake IDs are out there too? Wow, Janet.. Michigan?
Asked by itsjunglepat - Sun Dec 27 08:24:09 2009 - Renting & Real Estate - 7 Answers - Comments

A. Rapists and murderers seldom make appointments and give identification to the colleagues and company of their intended victim.
Answered by Lord Fitzrovia - Sun Dec 27 08:27:26 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 JARES - Wed Jan 23 18:35:13 2008 - Renting & Real Estate - 4 Answers - 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 times.. [cont.]
Answered by Tres7 - Thu Jan 24 00:36:15 2008

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 - Renting & Real Estate - 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 would a real estate job work with being a mom?
Q. I've been considering becoming a residential real estate agent once my daughter turns one. I love real estate so I think I may enjoy this work. I thought the hours would mostly be evenings and weekends, that way hubby could take care of our daughter while I'm at work and I can take care of her during the day. I realize I might have to have some childcare occasionally during the days if a client needs my help at that time. Does anyone have any experience working in real estate? Do my expectations sound realistic?
Asked by Ro - Sun Apr 24 19:07:45 2011 - Renting & Real Estate - 3 Answers - Comments

A. You will need day care. 95% of the work is Mon-Fri 9-5. Where did you get the idea it was nights and weekends? Almost everything you deal with will be normal business hours, when the banks, the title companies, the inspectors, the appraisers etc all work. There is no possible way you can do this at night and weekends. None of the parties involved with the sale will tolerate that, you will NOT be able to sell anything.
Answered by Landlord - Sun Apr 24 20:19:21 2011

Real estate?
Q. Currently I am a mortgage loan underwriter for a huge financial institution. I want to maybe become a real estate agent. My aunt is making killer money. Now is there any way not to take the class and take the test since I already know a lot of real estate? Or what exactly is the whole process to make this career change?
Asked by Jayce's mommy - Thu Apr 20 18:03:08 2006 - Financial Services - 3 Answers - 2 Comments

A. Depends on the licensing requirements in your state. Check with the Department of Real Estate for their requirements. Most states require some basic courses, but there may be exemptions or partial exemptions for experience in the field. The only exception in California is that licensed attorneys, regardless of their field of practice, can go straight to the Broker level exam. Afterwards, most states also require a certain amount of continuing education for license renewal at either the Agent or Broker level...so you might as well get used to taking classes...and who knows, despite all your experince, you may learn just the thing you needed to know...
Answered by Nancy Kay - Thu Apr 20 18:15:44 2006

How much commision do commercial real estate agent make and do they make more then residenyial agents?
Q. At first i was thinking of becoming a residential real estate agent but then, someone told me about commercial real estate and i was wondering would that be a better career choice and does it work the same as residential. If so, that would be major commision on a $40 million building and that would be a better route i would love to take.
Asked by nickhinkle - Wed Jan 2 15:38:22 2008 - Renting & Real Estate - 2 Answers - Comments

A. My father is a commercial real estate broker and he has definetly made a very successful living off of it. I dont know exactly how much comission he makes, but I have heard he has made 4 million before on one building, I dont know if that is the highest he has made on one building though. He has sold 70 million dollar buildings before. It definetly makes you much more than residential real estate. And the market doesnt get bad for commercial. It is a better market and a smarter choice.
Answered by shoptilidrop - Wed Jan 2 15:48:03 2008

How do you progress in Real Estate sales as a agent and begin selling commercial and high end luxury property?
Q. I have had an interest in Real Estate for some time now and am finally going to start pursuing it as a career. I watched these real estate shows where the agents are selling high end property and wondered to myself how did they transition from regular residential homes to high end property and commercial units?
Asked by - Thu Mar 24 18:12:35 2011 - Renting & Real Estate - 3 Answers - Comments

A. They established themselves, networked, may have had contacts before they even were in the business and work their butts off. It isn't like you get your license and suddenly you are getting owners in the Hollywood Hills to trust you can market and sell their property. You are going to need a track record. That takes time.
Answered by Use Your Noodle - Thu Mar 24 19:43:06 2011