Here’s a quick quiz for you: in fact, it’s so quick, it’s only one question: Who will make the most money in a real estate transaction?
A. The realtor
B. The seller
C. The buyer
D. None of the above
What do you think?
A. The realtor makes a commission, a percentage of the total selling price usually equal to about six percent.
B. The seller hopefully makes a profit after subtracting the amount originally paid for the property, and all the costs and expenses of
owning the property for the time of possession from the selling price.
C. The buyer usually makes money when becoming the seller at a later date. Sure, you can make some money buying and selling real estate. In fact many millionaires have made their entire, or a major portion of, their money from owning real estate.
Owning real estate usually involves:
*Associations
*Insurance
*Building Maintenance
*Grounds Maintenance
*Management
*Mortgages
*Neighbors
*Ordinance awareness
*Property Liability
*Taxes
*Utility bills
Many of these items need attention on a monthly basis and sometimes daily.
D. This is the answer. There is one party who usually makes more than any other in a real estate transaction. In most any real estate
transactions involving a mortgage, the lender or bank stands to make the most money by a landslide. Lending money for real estate
will beat the other three hands down almost every time.
Here’s the interesting thing about being the party that makes the most money: the lender often does the least. Lenders have almost none of the duties and responsibilities of the property owner.
Buyers hold property, lenders hold paper.
Paper is a lot lighter than property.
When you become a private mortgage lender you become a paper holder. You do the least and can make the most. Investing a portion of your portfolio in private mortgage lending can be smart. Divert your real estate equity holdings or stock funds into private mortgage lending rather than buying more real estate and you could have the right answer as to who makes the most profit in real estate transactions – YOU.
When you become a private mortgage lender you need a professional to show you the ropes. Your real estate lending becomes like changing your address — to easy street.
what are the questions on real estate state quiz?
Why are you homeless now?
A. you cheated on an exam and got caught
B. your a dumbass that can’t manage your money
C. Its the governments fault
D. you didn’t stay in school because you thought life was easy
Why don’t you just study everything, so may actually do your job and know just what the hell your talking about.
“Ding fries are done!!!”
All roof contractors are not the same. Most roofing jobs look great from the street. But did you know that one out of two composition shingle roofs installed today are not installed properly?
The number one installation problem will cause your roof to blow off before your neighborÂ’s roof does in a wind storm. Well, assuming your neighborÂ’s roof is installed right.
A starter course, when installed right, is designed to keep the shingles at the eave from lifting at the edge of the roof when the wind blows. Once the wind gets under a loose shingle, you can guarantee that the next strong wind will take it off, perhaps along with many others, and deposit them in the next county.
HereÂ’s the Test
You can quickly determine if the starter shingles were installed correctly. You donÂ’t even have to get up on the roof. Lift the first shingle at the edge of the roof. There should be what looks like two shingles stuck together. If you canÂ’t lift more than three or four inches of shingle at the edge of the roof and the first row is stuck down to the starter shingle under it at the edge, you have a pro for a roofer.
If the first shingle is not stuck down or you can lift more than 4 or 5 inches of the whole business off the roof edge, you have a problem.
HereÂ’s the Fix
A qualified roofer will be able to lift the shingles in the first row and nail down the starter course near the roof edge. He will then apply roof adhesive to seal down the bottom edge of the first row of shingles to the starter.
The Starter Course Quiz
If you are having a new roof put on, you can ask a couple of questions of your roofer. “What are you using for a starter course?” and “Are you installing the starter course according the instructions from the roofing manufacturer?” Every composition shingle roofing package will typically have basic installation instructions on the back. Review them with your roofer.
Here are the key words to listen for when your roofer answers the starter strip question: “We always use a standard shingle and turn it 180 degrees for the starter strip.” Wrong answer.
The right answer is: “We always use a starter course, manufactured for that purpose. We install it with the seal-down strip at the edge of the roof and nail it 3-4 inches from the edge of the roof.” Right answer.
An alternative answer is: “We cut off the exposed tabs of a standard shingle and install what’s left along the edge of the roof with the seal-down stuff at the edge of the roof and nail it 3 or 4 inches from the edge of the roof.” Right again.
The Bottom Line
Just so you know I am not making this up, the people in the know can tell you themselves. The National Roofing Contractors Association (NRCA), the Asphalt Roofing Manufacturers Association (ARMA), and all roof manufacturers have specific and tested installation methods that work when you follow them. Use a qualified roofing contractor and make sure they follow the instructions.
Next time you get a strong wind, look at the shingles on the edge of your roof. Are they waving good bye?