Can anyone with experience in Subject 2 residential real estate investin please give me more information on it or some good links for some info. I have to move and this may be my best option, but I want to make sure because if it sounds to good to be true, it probably is. Well, if you can help, that would be great!
2006-10-24 05:36:02 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Don't buy that way. Don't sell that way. The ONLY person that makes out on that sale is the real estate salesperson. If you don't have enough equity to sell on a new loan, rent to someone with good credit until you do.
2006-10-24 06:32:38 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋
Wow! I admire your ambition, I really do. You need to find someone who can personally work with you as a mentor, and who can help you on a one-on-one basis. I would avoid any of the programs that are being hawked at seminars or via email and the like. They are a waste of money. You can peruse the library or your favorite bookstore for books on real estate investing, but they will only provide broad brushstrokes over the basic how-to's of the industry. If you follow that advice, I just saved you thousands of dollars. It wouldn't hurt you to take some Real Estate classes. I'd recommend Principles of Real Estate (the first RE pre-licensing course) as a good start. Business Law classes at your local university would also be good. I'm not sure in what state you reside, but in some states you now must have a four-year degree to get a license, even as a RE agent, and definitely to become a real estate broker. Your question is a little bit overbroad, but I guess that you are either trying to get hold of some properties for long-term equity growth or you are trying to do fix-and-flip. Both have their own idiosyncracies, and you need to work with someone who has experience in the area(s) that you choose. I don't know of any single complete source in book form that would help you. The best advice that I can offer is to find a mentor or partner that can work with you side-by-side to identify properties, establish a gameplan for each, and then execute. Good luck!
2016-05-22 07:25:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋