How to become a authentic estate agent/ New York?
How to become a real estate agent/ surrounded by New York?I cannot seem to find a straight answer on the network. What do I have to do to become a valid estate agent in NY? I realize within is an exam you must take, but do I call for "in-class" hours before I attempt the exam? How much do the classes customarily run? Is the exam difficult? Some input/help from a current agent would be greatly appreciated!
Regards,
Brad
4 weeks ago
Answers: You have to move about take the course first,take about 3 mths to complete.No,you cannot simply write the exam.You need to revise all the law first for your knowledge to be successful at it.It is a costly course to bear so if you aren't serios about it later don't waste your money.You must remember that the lone money you will get from this occupation is your division of each public sale,living without a steady paycheck isn't straightforward for most.
How much would you buy this house for??
It was built within 2004. It is a nice brick home that has 3 bed/2 hip bath. It sits on 2.5 lots with a 2 coup¨¦ garage. I believe it is around 1200 sq ft. It is located in a town that the median income is $28,000 to furnish you an idea of location. It sold within 2004 for $130,000. The bank have it now and have it listed for $115,900. It is not surrounded by move in condition presently though. It has to enjoy new runner, every room re-painted, 2 doors replaced, and the tubs are stained black so they would need replaced. So near all these factor what would be your final offer on this house?Answers: I would propose 100K for it but you need to be approved for that amount previously you could offer it to a edge. Sounds like the home is contained by forclosure if a bank owns it and have it listed for that amount. I would attempt to phone call who ever they have the property timetabled through and go from here. Good Luck
It is impossible to give you even a ballpark amount without knowing the location. Median income have nothing to do near the price of Real Estate.
My father contained by imperative have given us roughly $400,000.?
What is a fairly nontoxic but good investment, and what amount of interest would i expected get.Answers: Consider this! nearby are savings accounts paying 5% interest. minus any risk! Etrade savings pays 5% on nest egg! this type of account have no risk it is not putting money into the stock market its within a savings information!
If you own a home great! if you do not own a home buy a modest home no more than 200k put 20% down and try to get a rate below 5%. if you own good credit you will come close except below it. make your payments and use the interest paind on the 400k to put together extra payments you will pay sour your home faster much faster you will be earning 20 k a year surrounded by interest on the 400k
that breaks down to 1666 a month you could apply to the principleafter teh first year and for every year after.
ok i worked mumbers on a 200k home with a 5.2% fixed rate
25yrs
if you after the first year started making extra payments of 1666 extra (this is the interest earn on 400k broken down per month) each month you would cut you loan possession by more than 17 years and you would still have your 400k It would also recover you over 110,000 in interest you would hold paid!
work this out on the below calculator. if you own a home use your spicific situation and this calculator and see how much it would put aside you!
Real estate is the only nontoxic investment. Everything else is just article and paper can budge up in smoke of late like that...
Get yourself a couple books on RE investment and next go for it. Right presently is a great time to buy RE because every body is afraid to buy and there are great deal to be made.
maybe 3-4% within 100% safe investments