Can anyone tell me how I can get started in real estate with only 2'000 dollars?

Question

I want to buy homes and fix them up. Do you think I could find a forclosed home for that much? Are I want to be a land lady.

Answer 1

Do you have good credit, you could possible get a 100% No Mondy down purchase/construction loan. If you have to have 10% down you would not be able to buy over $20,000 home.
I don't know what state you are in, but you could possibly find foreclosed homes by looking at www.firstpreston.com. Also, you could go to your local county courthouse and request a list of all Delinquent Tax properties.
I bought a house for 1,800.00 a few years ago that way. However, usually Delinquent tax properties are vacant land. But, if that is all you can find you can buy some of those, quiet the title, then turn around and sell them for more money, then you will have more money to work with. I do this ever year, I made $12,000 profit last year on one property I bought.

Answer 2

You gets out of it what you set into it. If you do not brain calling humans and speakme to every person you already know or have no idea approximately shopping or promoting estate then you'll be able to do good enough. A dealer I had stated if you're making 10 telephone calls an afternoon then you'll be able to make it in truly property. Those calls may also be to peers & household asking who they realize that needs to shop for or promote a residence. It may also be to dealers whose listings have expired, asking in the event that they might record with you. It can be to "on the market by way of homeowners" to check out to get them to record with you. You additionally ought to name knowledge purchasers. Some humans have the misperception that you simply take a seat in an workplace and reply the telephone and hundreds and hundreds of humans name you to exhibit them residences. That's no longer the way it works. A truly property agent is a salesman. You ought to be well at promoting. I've attempted it two times and determined I wasn't going to check out it once more. After a 12 months and a part I handiest cleared approximately $6000. That used to be the moment time. You must pay expenses to the National Association of Realtors and the multi-record provider, and, of path, you break up commissions along with your dealer and different marketers worried within the earnings. I'm no longer looking to discourage you however I desire you to grasp that there's rough paintings worried for those who desire to make a well residing. You could attempt to grow to be a truly property assistant to look the way you just like the truly property global and nonetheless be equipped to attract a consistent paycheck.

Answer 3

get a job for a real estate agency and kill 2 birds with one stone....you will make more money to get ya started and you will learn about all the best forclosed homes to buy