Double Dip on Commissions – No Money Down #6
Double of everything is always going to be better in the world of real estate. Let’s talk about how you can actually double dip on the profits in the world of real estate.
What is a Double Dip?
If you’re a real estate investor it’s important to know how to double dip. What do I mean by double dip? In real estate you’re often times, you have a loan officer, title company , realtor, property manager involved and a lot of these are required with licensure so for example, you can’t just act as a realtor and get paid a realtor commission without actually being licensed.
Here’s what the law of the land says;
You can, as the investor make all the money you want, all the profitability you want in our capitalistic society but you’re also allowed to leverage up to one license when it comes to double dipping on anything
Getting the Double
One of the things that would be a really good decision is to consider becoming a realtor so that on your own deals, you would have the ability to earn that 3% commission that you can structure in. On a $200,000 house, that’s an extra $6,000. As an Investor, if you’re going to make $20,000 flipping a house or if you’re going to make $80,000 holding a house, that extra $6,000 that’s gravy on top for not doing any more work!
So what does all of this mean? It means that you might find deals that you’re actually not going to be the investor on and you did all the legwork, you found a great deal but instead of just walking away from it, you can pawn it off, give it to somebody else and for the same amount of work, cash in on a 3% commission.
In real estate, you actually have this beautiful opportunity to double dip!
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