iammagi

As a Realtor I can loose my license and be fined if I give kickback to someone who is not licensed. I can't even have someone telemarket for me who isn't at least a Certified Assistant. Is it a good idea to white a formal agreement? Or is it legal for you because you are purchasing the property directly? I'm wondering if I can get around the those laws too if I buy and sell my own property. Maybe being licensed is impairing me in the investment arena? It doesn't seem fair.

<<What you will get back will be amazing, because they think you are actually interested in their home, which you are, just in a different way. >> Why not just say "I'm very interested in your home?" I'm no boyscout but it has been my experience that success and deception don't mix. Why lie if it isn't necessary?

I'm just starting to learn investing so maybe I'm a bit skeptical of the websites, courses, and gurus who show everything as easy and rosy. They never mention all the things that can go wrong. How do you calculate the costs of major problems, and what can be done to insure that I'm protected. For example, what if a major appliance like the A/C or boiler goes bad? Is insurance recommended for that? Where will the money come from? These guru's only show the successes and don't factor in potential calamities. What are potential problems, i.e. trashed by tenants, appliances gone bad, lawsuits etc.? What can go wrong and REALISTICALLY how much of a buffer should I allow myself for potential problems.