Podcast Episode #64: Increasing Cash Flow on Rental Properties
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Read MoreAs a real estate agent, you can increase your commissions by learning how to structure wraparound transactions. You will undoubtedly come across dozens of listed properties with high loan balances and little chance of selling by conventional means. Your knowledge of wraparounds will be your ticket to increased commissions in a competitive market.
Once you understand the transaction and have all the pieces of the puzzle in place, you will have more deals than you can handle. Follow this formula:
All you need as an agent are a dozen or so clients who regularly engage in wrap transactions in this fashion. Rather than chase down new clients, you can have “repeat” business. Every agent knows how to do things the “conventional” way. Set yourself apart, create a niche, and before long your reputation will precede you.
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Read MoreFinding a contractor that is honest and reliable is a tough, but crucial part of your real estate business. Here are some tips for finding that “Golden Nugget” of a contractor. Referrals This is the most obvious and easiest way to find contractors. Try to secure referrals from investors and friends; somebody you know and trust who
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