Is it a good idea to move from Chicago to Las Vegas to start a new business in mortgage?
98674
Either way you go. Move or stay. Make sure that you are putting money away for a rainy day.  The mortgage industry goes through some slow downs just like the real estate market.  Where ever you end up make sure you build a network of people that can provide you lenders.  Stay in touch with realtors and builders.  \n\nFrom what I hear, there are a lot of new developments going in around the Los Vegas area.  Sounds like a great opportunity.
1030774
I would say that is a resounding 'YES'.  Even if you sale your home soon you can still make a profit considered your home is worth $550K, current outstanding loans total $199K and closing cost of the new loan is $7K which leaves about $344K in equity.\n\nPersonally if I were you, I would refinance a new loan for at least $221K to get at least $15K of equity to deposit in the bank.
1011096
If you would like to see if you qualify for a Mortgage I can help you \nNo Charge.\nMy sister is selling her home in Lincoln, IL , North of Springfield 20 Minutes.\nI am a mortgage consultant for Consumers\njonnylender@yahoo.com
266047
No. Your own money would be the best. With your own money, you can pace yourself, and less pressure if the business does not work. There is greater risk if you take on loans, and more pressure.\n\nTake for example for a business whose startup capital is $50K. If this is financed from your own money and you lose out, then you are out of $50K. But if this is a loan, you will be out of $50K + interest and your collateral is at jeopardy. \n\nIt depends on your business objectives, your level and tolerance for risks, and how fast (or how slow) you want to push your business.\n\nBut if you have to go get a loan, always go for the cheapest (lowest interest rate and better terms). Shop around before signing on the dotted line
159482
Depending on the layout of your business plan and marketing plan, I may be very interested in this.  \n\nI am not sure what you mean by being in "conferences".  If you would like, please e-mail me more information on this to timothy.kazee@americanhm.com.  I look forward to a possible business relationship with you.\n\nTim Kazee\nResidential Mortgage Specialist\nAmerican Home Mortgage\nColumbus, Ohio
1109819
I have not heard of them, but I would advise you to be VERY careful and check the Better Business Bureau on any mortgage company. There are a lot of real estate mortgage scams out there. Be careful!
714419
Hi,\nI am a real estate investor in the Vegas area.  If you give me a call, we can discuss what you might be interested in as there are numerous opportunities out there.\nMy email is ldbrown00@yahoo.com \nPlease email me for the phone number.
106740
I believe you can.  I work for a mortgage company.  Perhaps we can help you.
1072902
That's how I started.  I ended up working with a friend who was the listing agent for two construction companies.  You're going to have to do one thing better when working with new construction than any other residential type of real estate.  You're going to have to have a sellable system: \n\n-- outline your process\n-- demonstrate why this is better than the order takers at other model homes\n-- setup an incentive system with your listing agreement.  The broker I worked with had bonuses tied to selling and building on certain lots\n\n\nI'd only work with builders who have invested in a model.  You're easiest sell will be to find a model home that isn't manned very often (usually these just have a sign to call the contractor) and demonstrate how you can get people in there more, and make the builder more money than you're costing him.  You're going to want to lean on the fact that the model is costing $x per month, whether it sells one home or ten.  Why not work with a system that will bring you ten?\n\nIf you're looking for a system, try Top Producer.  You can choose others, but that's just one I can remember that seemed to work all right.  (It's just a prospecting system that's computerized).  You'll probably also do very well with Bill Good's "Prospecting Your Way to Sales Success."  A great ground-level guide to prospecting in any business.  With one or two of these under your belt, you'll easily be able to demonstrate the value you can generate.\n\nGood luck, feel free to follow up with Yahoo! Answers' email.
307019
I recently retired from the real estate business in Central Florida after 27 years. For the past two years I have been offering free business mentoring services to young entrepreneurs. I can offer a variety of small business ideas depending on your personal interest and abilities. I will also make myself available for consultations by email or phone. I do not charge for these services.\n\nI must tell you that it is very difficult to get any (legal) business into a positive cash flow position that would be equivalent to your full time job. Most businesses take at least a few months to a year or more to start generating that kind of income. Can you afford to wait?\n\nIf you want to know more, please feel free to write to Bruce at boatclub@go.com . I will you help if I can.
883694
My answer will have three parts:\n\n1. Make your rental deal more attractive to lessen your fundraising needs. \n\nMichigan real estate is experiencing a huge downturn currently. It has become increasingly difficult for owners of strip malls and other commercial property to find tenants for their buildings. You may be able to negotiate a deal that requires no money down at all. Especially if there are vacancies in the location you are attempting to move to. Explain to the owner that you have a strong background in the type of business you engage in. Don't begin to explain why you do not have enough funds for downpayment or anything of that sort. Point out to the owner that another commercial property has becom available to you with no money out of pocket required and they may lessen their requirements. Building owners need to retain certain occupancy rates to remain profitable and keep their property out of foreclosure. Use this dire need for tenants to you advantage! \n\n2. Fundraising \n\nI find that most business owners have fund fundraising in the initial phases of their businesses from families or friends. Approach the people that are already in your life, they know your business experience in your field and have seen you succeed at your current location. Structure a program to get a little contribution from a few people rather then looking for one single person to give you the whole amount that you are looking for. Essentially sell "stock" in you business. \n\n-Show sales and profit numbers for the last two years.\n\n-Have a detailed business plan. \n\n-Explain how this particular location/store would be advantageous to your business. \n\n-Show how you plan to advertise and attract customers. \n\n-Give a realistic expectation of what your expenses would be (staff, electric, heat, advertising, promotions, etc.)\n\nTreat family and friends as you would any other investor and have a "formalized" meeting with them. You want everything to appear professional and well thought out. \n\nThe last piece of advice I would give you is to find a possible sponsor. When kids trade cards and play it keeps them off the streets and out of trouble. Offer to host tournaments so many times a week and show how this can benefit the community and make parents feel good about their child's activity. That approach could possibly help you get sponsorship from certain churches, other local businesses, family support groups, etc. \n\n3. Credit options\n\nEven if you have bad credit you could possibly use another piece of property or vehicle that you own as collateral for a business loan. With this option you also want a professional well though out business plan.
340544
Phoenix & Scottsdale, AZ have become the new CA (we have so many Californians moving here).  Growing Robust economy many companies moved & moving here (i.e. Dial, Motorola, Intel etc).  Housing is still very affordable in comparison.  When ppl get here they are shocked to find outsid eof the cities, you have forests & snow & ski resorts.  There are many very big lakes & its 4-5 hours from Vegas.  Heres some more cool stuff about AZ http://websearch.fineliving.com/fine/web/searchResults?Site=FINE&searchType=Site&searchString=Az
886076
it is actually a very good idea, especially if most of your business is out of the city you are based in. it does not make you look desperate, in fact it is quite the opposite. it appears more professional, and you are more likely to get business with it.   good luck.
509619
WHEN THE MARKET IS GOOD YOUR POCKETS MAY BE GOOD TOO, BUT WHEN MORTGAGE INTREST RATES ARE UP AND HOME PRICES ARE UP, YOUR POCKETS MAY LOOK A LITTLE SLIM DURING THESE TIMES. I SUGGEST THAT WHEN YOU START YOU DO IT FULL TIME TO GET A FEEL OF WHAT REALLY WORKS FOR YOU AND DOESN'T. AND NO MATTER WHAT YOUR CUSTOMERS MAKE YOU SO BE VERY SELECTIVE AT TIMES- MEANING CHECK THEM OUT AND MAKE SURE YOU ARE WORKING WITH A REAL BUYER BECAUSE FROM MY PAST EXERIENCE I HAVE WASTED ALOT OF TIME WITH FOLKS WHO CAN'T WHAT THEY WANT, THEY STAY IN THE LOOKING STAGE FOR MONTHS- THE LIST GOES ON.\n\nON THAT NOTE SPEND ONLY A SELECTED AMOUNT OF TIME ON A VARIETY OF CUSTOMERS- NOT ALL YOUR TIME ON ONE.\n\nOVERALL IT'S A GOOD BUSINESS, BUT FOR MYSELF I KEEP THIS AS MY SECOND JOB CAUSE I NEED STEADY MONEY- \n\nMAKE SURE YOU START OFF ON THE RIGHT FOOT- PICK A GOOD REPUTABLE COMPANY TO WOTK WITH- RESEARCH DIFFERENT AGENCIES AS IF YOU WERE A HOMEBUYER AND FIND THE ONE THAT HAS THE BETTER SERVICES FOR THEM TO OFFER CUSTOMERS AS WELL AS EMPLOYEES ( LIKE TRAINING OR WORK SHOPS)\n\nGOOD LUCK
955737
Several things, not all and not in order:\n\nWhere are your nearest competitors, do you want to compete head on or open  in an area outside their coverage?\n\nWhat is the maximum you can afford to spend each month and for how long if you make no profit (most new businesses lose money the first 6 months and are out of business the first year).\n\nWill you have employees, what will you pay them? Do you know the added costs with a payroll? Workmen's comp, matched SS, etc.\n\nHow will the accounting be done?\n\nWho  will your suppliers be, will they carry credit?\n\nDo you need a loan to start? The lender will want a detailed projection of costs and income.\n\nWill your lease include utilities or will they be separate?\n\nWill the space need to be remodeled? Lighting and display for fashions is VERY  important? If the space has been vacant for sometime, perhaps the landlord will do some of the remodeling in advance?\n\nIs there a provision in the lease to get out of it if you lose money and must close doors? Can the lease be tied to profit at all? What if you grow and need to get a larger space?\n\nAsk police department about robberies, thefts, break-ins relative to area(s) looking at. Do you need a security system? Does it need to have 24-hour monitoring? Have a button that may be pushed for a silent alarm and police call-out.\n\nHow will you accept payments, what are costs associated with credit card payments?\n\nDo you need storage space? Will the storage be suitable for protecting the items from damage? \n\nAre there changing rooms and bathrooms? You do not want potential cusotmers leaving becauase they have to go elsewhere to use the bathroom.\n\nIs there room for an office and can you monitor the retail space if you are in the office?
69405
ok gwen, my first suggestion is for you to spend some time first in the area you are thinking about moving to, both in summer and winter (the longer the better). secondly, ask yourself is this for investment or retirement. And lastly,forget my first two suggestions, instead pour a glass of wine (california vintage of course), go out on your patio and face west towards the sunset. There is your answer.
993214
Hopefully the Company will offer a 'house hunting/look over the city' trip for you and your husband.  Go to the chamber of commerce site for that city or the closest major city.  Check crime rate, schools and cost of living comparisons.  When you do relocate (if you presently own you home) rent for at least 6 months. Hopefully the new company will pay closing costs on the new house, or some moving allowance, in addition to the cost of the movers. Look at the move as an adventure.  Think of all the new friends you will make and all of the new things you can do in that state.