Why work for a Mortgage Broker instead of a Lender?
The broker’s job is to work on your behalf with several banks to find mortgage lenders with competitive interest rates that best fit your needs. Mortgage brokers have a well-developed stable of lenders they work with, which can make your life easier.
What is the Advantage of obtaining a Real Estate License?
Access to real estate investment deals. Getting ahead of your investment competitors is a big advantage of having a real estate license. As a licensed real estate agent, you can gain access to the Multiple Listing Service (MLS), providing you with two benefits.
Commissions
Earning commissions will save you money when selling your real estate investment properties. Think about it. You earn a commission when you buy properties. Let’s say you buy a $200,000 house where the total commission is 6%. That means the selling agent’s office gets $6,000 and your office gets the other $6,000. If you have a 50/50 commission split with your office, you get a $3,000 commission. When you sell the house for $300,000 as the listing agent, you will end up pocketing a $4,500 commission after all the splits between offices and your broker. Better yet, you sell your house without another agent being involved, earning you a $9,000 commission.
Control of your deals
Taking control of your deals is another advantage. Being your own agent when you buy properties gives you more control. Selling your own homes gives you full control, as you set the bottom-line sales price and payment terms, including if you want to do seller financing or a lease-purchase deal. As the seller, you will work directly with the lender, appraiser, inspectors, and closing lawyers or escrow company.
Is real estate a good career?
Real Estate is a Great Business
Real estate really is a great career choice. … It can be a very difficult career if the training and work ethic fails, but it can be a seriously rewarding career if you are self-motivated, hard-working, honest, and enjoy networking and helping people
Is being a mortgage broker a good career?
According to the Bureau of Labor Statistics (BLS), the career will have an 11% increase in demand between 2016 and 2026. This rate is much higher than the national average for all careers, making a job as a mortgage broker an excellent option for those interested in the finance field.
Can I improve my work ethic with Gonzales property Investments?
Yes! we have developed a business plan to develop your skills to successful in Real Estate and Mortgage lending.