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Any suggestions help, as I am a complete newbie and will appreciate and form of advice I www personal loans com can get from you guys.
TIA So, many people have been raving about this new social media platform called Clubhouse. The whole idea is that one can utilize this platform to raise equity for real estate deals. I did some research by signing up for the app and it appears to be an ecosystem with a bunch of what I could only describe as radio channels and multiple people talking a lot and sometimes over each other. The others are just trading high-level info on there. You can find me on there as trustgreene and we took the title of our four weekly REI Zooms and added one of two a week to Clubhouse.
The others are just trading high-level info on there. You can find me on there as trustgreene and we took the title of our four weekly REI Zooms and added one of two a week to Clubhouse. You get to listen to real world stories from all types of people. You can even jump on stage orange rocket payday loans and ask more experienced individuals for advice, suggestions or to help narrow your path. You get to listen to real world stories from all types of people. You can even jump on stage and ask more experienced individuals for advice, suggestions or to help narrow your path. Especially in the pandemic, it has been a fantastic way to connect with so many people around the world! How do I determine if a property would make a good flip deal? You find these people by building relationships over long periods of time. If so, what specifically do you have to offer someone who is willing to teach you in that capacity (no relationship and free of charge)? Remember, some who is willing to teach you is offering their time, energy and even some risk (you may become their competition one day).
In my mind, someone who teaches you may signature loans las vegas bad credit as well be handing you a bunch of cash with no strings attached. They can be found at local REIA meetings, here on BP, and pretty much everywhere that newbie investors tend to hang out. In my market (we do entry-level houses in this price range), we want everything to be new and completely safe, but not necessarily upgraded. Again, for my market, everything new, nothing upgraded -- and our properties fly off the shelves at that price point. Thanks for the easy reference, this is a good place to direct beginner queries. In my market (we do entry-level houses in this price range), we want everything to be new and completely safe, but not necessarily upgraded.
Tracey I appreciate the info on how to find a mentor. I am going to start to hang around REI groups, meetups, and www personal loans com seminars. My dad is a contractor and I need to fund more buy and hold properties so I decided to do my first flip with my dad in order to finance money down for more buy and holds. If I get an RE license I can do all of this on my own right? I am combing BP for more data that i need for my answer. First, the main thing that getting a real estate license will do is save you on commissions and give you access to the MLS. However, to get your license you will need to take the classes and pass the test. To use your license you will need www personal loans com to hang it with a real estate brokerage. Of course getting license costs money (for the classes and the test fees), plus there are MLS fees and other fees. You are likely looking at a couple thousand dollars per year. You need to figure out if the benefits will make sense for you (this will ez www personal loans com money installment loans depend on how many transactions you plan on having per year). Additionally, most states have continuing education requirements to maintain a license. Are you simply looking to avoid paying commissions to an agent?
Also, do a forum search (top right of the site) to find many more threads about the pros and cons of getting a real estate sales license.
Koel Having your real estate license helps you represent people who buy and sell real estate. It sounds like you might be under the impression that you do. It is a great starting point for me as I scour BP for info. This post has definitely got me a good starting www personal loans com point. I do plan on getting my RE license, but is wholesaling really a bad way to invest my energy??
I do plan on getting my RE license, but is wholesaling really a bad way to invest my energy?? The best wholesalers start out with landlording or rehabbing and "graduate" to wholesaling. I am probably the most realistic, pragmatic person on the planet. I know it will take a lot of education and a few years to get there. Leave a comment in this thread and let me know what step you are in and which step you want most to master!
You get a feeling of what you like best and what works the best. It looks like there is quite a bit of information here and a lot of people more than willing to share their expertise. I made a commitment on Jan 1 to make a change from full-time employment to full-time investing... In my plan, I set Jan thru March as my initial learning or education phase (although I know the learning phase is forever ongoing). The purpose of that goal was to get a general idea of what to do and how to do it.
I have watched a lot of YouTube videos and am ready to start really getting to know our market here, start building a buyers list, and actually take the plunge and do something. My husband and I have wanted to get into real estate investing for quite some time, and this is something that we can do together. My husband is a retired electrician and is really a jack of all trades. Not only can he do wiring, he can do plumbing, construction, and just about anything else, and... With that said, I am confident that we can do very well with investing. To start off with - I would say wholesaling is what we will focus on. Hopefully, that will give us some cash to start with. Thanks so much for the info, and I think your goals are excellent!
Definitely jump into these forums and let us help you get there! I would really love to know of your progress as you thrive much how I desire to ascend within this field as well!!! I made a commitment on Jan 1 to make a change from full-time employment to full-time investing... In my plan, I set Jan thru March as my initial learning or education phase (although I know the learning phase is forever ongoing). The purpose of that goal was to get a general idea of what to do and how to do it.
I have watched a lot of YouTube videos and am ready to start really getting to know our market here, start building a buyers list, and actually take the plunge and do something. I have the same goal, and have a TON of "book knowledge". I am SO ready to SUCCEED, to be my own investor, etc.
After leaving the Fortune Builders event, I had know clue how I was going to get started. Then, something told me to Google real estate investing, and BiggerPockets was one of the first sites that stuck out to me... However, I also believe I guaranteed payday loans direct lenders only need to learn much more from first hand experience, plus generate more money in order to get there.
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Right now I just need to narrow down on a neighborhood and area and get started learning the area and connecting with others in that area and just get going. Should I be worried about the taxes and can I still be lucrative with them? Also what are some good areas that I should look in? I want to be able to carry the whole mortgage on my own to be safe. I actually want to hack a duplex and the property taxes are killing my numbers. But just like everyone else on this website, I dream of real estate investing to be my primary source of income one day.
My initial plan is to try to flip 247 loans a couple of very small houses upcoming rural areas in Kentucky that I will finance outright with my own money, then use the income to serve as my reserves for rental property investments. I just wanted to know if you were someone who was in my position, how would you play this roughly? The show was filmed in Australia and I live in Australia. Australia has no taxation on game show winnings, so I keep the entire amount. Learn the numbers about those and then transition to the BRRRR method. This way you can get your money working for you at an even faster rate! You are well on your way and have the right mindset.
I would continue to educate and build contacts in your investment area and get your credit up just a bit more. A red flag for me would be your 1 out of 10 contacts www personal loans com for the area you wish to invest in. Not all agents and trades (especially) are created equal. You need someone that knows what they are doing or a good project manager that is local. I have seen people in your position get taken advantage of, so just keep that in mind. First off, congrats on your stroke of luck and welcome to BP forums! Consider it a stroke of luck you found this platform before winning the game show also! If I were in your shoes, I would recommend reading a few books on REI (I would recommend Set For Life by Scott Trench and The Book on Rental Property Investing by Brandon Turner).
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