Real Estate

Was wondering if there is a rental property insurance that owers can have that can cover multiply properties under one policy then have one policy per property.

Yes, of course. A commercial property policy can list hundreds of locations on it.

That "one property per policy" bit is for amateurs, who only own one or two rentals, and own them in their personal name.

I am 15, and I plan on becoming a dentist (and no, not just because of the salary). The minimum yearly income for a dentist is about $110,000 a year. I would love to be able to buy high end clothes and live in a nice home, like this one: http://www.realestate.com/MD/Bethesda/20128768-5819-Sonoma-Road-Bethesda-MD-20817-home-for-sale.aspx

What kind of car would someone with a salary like that be able to buy (max. amount)? Just a question of curiosity.

You’ll make a lot more than $110k/year as a dentist, I can tell you that. By the time you’ve finished dental school, a home, clothes and automobiles (all material things) won’t hold as much importance to you as they do now. You’ll likely be starting a family at this time, so all of your energy will be (or should be) focused on providing the most for them. I know it’s hard to envision right now at the ripe old age of 15, but it’s true (ask your parents). I’m at a mid-life point in life right now, and nothing matters to me more than ensuring my wife and kids will be well-positioned financially should I leave this earth prematurely. They’re all I have to keep my ‘legacy’ alive, so to speak, so whatever I can do to ease their journey into and through adulthood, I’m going to do. My wife’s finances are already pretty much taken care of. If my children can start a career debt-free, this will make a HUGE impact on their well-being.

Don’t worry about what all you can buy after becoming a dentist. You’ll make some serious jack and will have enough to do with as you please. My advice, save as much as you can before children arrive. Put more than enough down on your first mortgage. Live in smaller house initially and pay it off (it is, after all, just a house). After house is paid off, you might consider real estate as a good long-term investment (mine is rental property).

I have a one year but the commision is 6% probably more than I will make after closing sale…
They are not what I expected , 4 months no showings, other agents showing thats another commission can I at least renogotiate a smaller commission in this market CALIFORNIA…

Granted, commissions are negotiable, but if you negotiate lower than 6%, you are shooting yourself in the foot. The vast majority of realtor listed sales involves 2 office; listing and selling. Presuming a 50/50 split that’s 3% for each office. A reasonable amount. However, if you lower the total commission, the share to the selling office will not be very attractive and many agents won’t show property with a low commission. You want to do just the opposite. Offer a bonus if the property is under contract in X number of days.

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