is the john beck real estate choice good to start, or what else is
2006-12-24 11:42:36 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
No. Thats fairly abstract stuff, and probably wont be helpfull. I strongly recommend taking Real Estate Principles at your local community college, run you about 150$ with book, and set you up to take the test for your real estate liscence. This i reccomend regardless if you're thinking investor, realtor, whatever. Read, read read. Talk to people that own several properties.
Buying foreclosed on, short sale, and fixer uppers is not as easy as it seems. You should pool some liquid cash, become familiar with what profit you need on each house, do market reasearch and select a target area, befriend a reputable RE agent and have them scour the MLS for good buys.
FIRST of all of course you need to call your broker and see what you can get prqaulified for/what you can afford.
2006-12-24 11:57:16 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Since you mentioned the John Beck real estate choice I summized from that you want to enter the investment area of real estate.
Getting started is easy, you need to purchase anyone of the TV guru's you feel comfortable with. They will have legal forms you will need as well as scripts to use when talking to potential clients. Also they will give you a formula to recognize when you hav a profitable property, normally if your purchase a property below 75% of the value,you would normally make a profit.
In addition to purchasing one of the TV guru's programs, you should go to your nearest book store and purchase several books on buying and flipping property. You might also find these books in your public library.
Another usefull tip I got when I decided to get into the real estate investment business, I keep one out of every three houses for a rental. This will help you with any possible tax problems you might have. Don't forget to ask your tax advisor for any tax advise you might need.
If you pretty much follow a pattern of investment you will find that the market does not make a big difference in the destressed.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2006-12-28 10:08:29 · answer #2 · answered by Skip 6 · 0⤊ 0⤋
In many states you simply enroll in a real estate school and obtain the necessary credit hours for your state. Then you take an exam, some school teach according to the exam. Once you pass the exam, you are able to become licensed and work for a real estate company. It's fairly easy to get into the business but tough to maintain sales and stay in the business. You can find a real estate school in your local phonebook or online.
2006-12-24 12:23:00 · answer #3 · answered by Chris P 3 · 0⤊ 0⤋
Try to read some tips in this site:
http://mysite.verizon.net/resnwm24/realestatetipsforbuyers/
2006-12-25 05:27:24 · answer #4 · answered by Anonymous · 0⤊ 0⤋
housing market is going to crap be careful.
2006-12-24 11:51:05 · answer #5 · answered by Carl-N-Vicky S 4 · 0⤊ 0⤋