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Thread: Real estate

  1. #11
    Some Kind Of Monster
    Here is where I went for my broker lic..
    http://www.asreb.com/
    Thats part of what I'm looking for. Thanks!

  2. #12
    Tequila-John
    Here is where I went for my broker lic..
    http://www.asreb.com/
    ME too.

  3. #13
    STV_Keith
    Bad timing.
    I'm not so sure. If I had some capital right now, I'd probably be trying to hook up with some of the repo's (which are getting more and more frequent) and look at buying and fixing to resell.

  4. #14
    Mandelon
    I think their point is that its easier to make money in a rising market as opposed to a falling one.
    You need a pile of cash to be ready to swoop up on deals, and you need to be able to close fast if you find a deal. The money to be made now is on the purchase end, since appreciation is basically over for a few years.
    It really helps to be a contractor or at least an agent so you have access to the sellers and to those who do the rehab.
    It sounds easy, but it can fail pretty darn quick.

  5. #15
    460 jus getn it
    I think your looking to get into the business at a very bad time.

  6. #16
    USCFAN
    There is still money to be made in real estate. You just need to be selective about the markets you decide to jump into. California for example probably would'nt be the best place to try and buy and flip unless you are able to pick up something that is a foreclosure that has some up side. However there is some money to be made in places like the midwest. Do your homework in the midwest and you may be surprised by what you find. Good luck..

  7. #17
    BoneDaddy
    I think their point is that its easier to make money in a rising market as opposed to a falling one.
    You need a pile of cash to be ready to swoop up on deals, and you need to be able to close fast if you find a deal. The money to be made now is on the purchase end, since appreciation is basically over for a few years.
    It really helps to be a contractor or at least an agent so you have access to the sellers and to those who do the rehab.
    It sounds easy, but it can fail pretty darn quick.
    This hits the nail on the head.
    When you are in a rising market it is a lot harder to loose your shirt. As a beginner you have to understand that their are good properties to invest in and bad properties. As a beginner you will also have to understand that there are experienced Agents, Contractors and Investors out there with the tools and contacts in place to help find these kind of properties on the fly. This will inturn put pressure on a beginner and possibly force him/her into making an expensive mistake.
    Learn all you can from classes, books and seminars and then start by getting involved in the business i.e. become a Loan Officer, Real Estate Agent, Underwriter Assistant, Escrow Assistant etc.
    Good Luck on this and keep me posted of your progress.

  8. #18
    Mandelon
    A couple years ago i saw all kind of idiots overpaying for places, and they STILL made money. ( so i was the idiot I guess) but now.....its going to be waay harder.
    And fyi an investor in real property makes much more money buying and holding than flipping.....

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