Q. See im interested in a career in real estate but i dont want to be a realtor for my whole life, i want to be an investor (Flipping houses). But i ve heard that if you have your real estate license you cant own more then one property because its against the law or something like that. So if anyone can shed some light on this matter it would truly apperciated.
A. Real estate agents help people with buying, selling, or leasing homes, buildings, and land. Residential real estate agents specialize in working with homeowners, while commercial real estate agents deal with office space and buildings.
Real estate agents make sure their clients have all the information they need to set selling prices, make offers, and negotiate a great deal. Real estate agents are paid a commission which is a percentage of the sale price of each transaction, so your earning potential is unlimited.
Real estate agents receive enormous satisfaction from finding the perfect new home for their clients, or helping owners sell a home with little hassle and for a great price. If you love people and are rewarded by helping them, you have discovered a career that will allow you to turn your passion into a real way to make a living.
And of course they can have more than one property at a time!
Hope this help.
Real estate agents make sure their clients have all the information they need to set selling prices, make offers, and negotiate a great deal. Real estate agents are paid a commission which is a percentage of the sale price of each transaction, so your earning potential is unlimited.
Real estate agents receive enormous satisfaction from finding the perfect new home for their clients, or helping owners sell a home with little hassle and for a great price. If you love people and are rewarded by helping them, you have discovered a career that will allow you to turn your passion into a real way to make a living.
And of course they can have more than one property at a time!
Hope this help.
How is the commercial real estate market doing currently in Chicago?
Q. I'll be graduating from college this May and I'm hoping to get into real estate development or commercial real estate. Is the commercial market currently as shaky as the residential market?
Thanks
Thanks
A. Businesses are downsizing. I hear the there are a lot of vacancies in the Sears Tower -- because it was a possible target during 911 people don't want to lease there.
What are the best real estate books to begin with for self-education?
Q. I'm looking to change careers into real estate, and have a personal interest in beginning a portfolio of investment properties. What are the best books out there dealing with real estate finance, buying foreclosures, renting properties, flipping, and understanding the general market? Also, what newspapers/magazines do you recommend?
A. There are some good books out there but generally they give you either the view from 30,000 feet or they is an agenda that is not grounded in reality. The best thing to do is to get specific about what you want to do in investments: residential, multifamily, retail, office, ground leases, part of a TIC, an investment team, or single source investment. Then know your market where you want to invest. Get to know everyone that can effect or support your investment area: city planners, neighborhood associations, etc. There are loads of things you should do but first you need to get specific about what you want to do.
Who is in charge of utilities payments for commercial real estate?
Q. Is it just the landlord or do brokers also have a say in this with post-leasing services? Is it another department within the structure of a corporate real estate firm?
A. Commercial properties are typically rented out on a "triple net" basis. That means that the tenant is responsible for insurance, property taxes, and maintenance on top of their rent. The tenant is virtually always responsible for their own utilities.
A broker's involvement would only be in placing a suitable tenant for the landlord, and possibly collecting rents and enforcing the terms of the lease on behalf of the landlord. They would have nothing to do with the payment of utilities.
That said, with commercial rentals there are little or no tenant protections in common or legislative law, unlike with residential rentals. It's all down to whatever agreement the landlord and tenant can negotiate, and the contract will stand as agreed in nearly all cases of disputes.
A broker's involvement would only be in placing a suitable tenant for the landlord, and possibly collecting rents and enforcing the terms of the lease on behalf of the landlord. They would have nothing to do with the payment of utilities.
That said, with commercial rentals there are little or no tenant protections in common or legislative law, unlike with residential rentals. It's all down to whatever agreement the landlord and tenant can negotiate, and the contract will stand as agreed in nearly all cases of disputes.
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