FAQ: Answers To The Most Asked Questions - Start Here

I would like to know the same thing Robbie. I'm new as well and just received Dean's book. But I would like to know how do you get started? I don't have any money to put down and would like to get any suggestions if possible.

Thank you,

Karla

Should I begin my new REI life by investing strictly in my own state? I live in MA and even the foreclosures seem to be priced high still. I went on a few government sights and saw areas that have what appear to be great deals, but they are in OHIO. Should I start in MA for a while before branching out to other states?

Like the dgadmin told me:

My advice would be to focus only on homes that have been on the market for 100 or more days. You might not get a deep discount in San Diego though, but the demand also means you don't need as deep of a discount to profit in a short time frame. Perhaps someone else has ideas on San Diego type places.

If the strategy you want to take is strictly getting deep discounts that can be assigned or flipped I would think about investing outside of San Diego. Go more inland. Maybe Escondido area, or? Also, as the previous posted said, look for rehab opportunities. You may have people passing over a house in SD that is trashed, but the problems are mostly superficial. That can present a opportunity.

It would be a good idea to start in your own area. This way you are familiar with the price range that the houses are going for. look around your neighborhood and i am sure houses will start popping out at you that you never noticed before.

How do u lock up property?

Write a sales contract on it ie a purchase contract.

hi everyone,
do i have to pay for the inspection or can i have the seller pay if willing?
or can i just say i don't wont to pay for it?

Everything is negotiable. Typicall the inspection is an optional, buyer paid expense. But by all means ASK the seller to pay. All they can do is say no.

What is more common is to ask the seller to pay for a 1 year warranty on... stuff. (Major appliances and structures mostly.)

thank you wmark, i will ask the seller if they are willing to pay for the inspection or go halfs with them.
Im flipping the property (Wholesalling).

cporter24 you can look up online for private investors or hard monylenders.
you will find then all over the internet,they have sertin criterias as to what they will lend money for and they all have there own terms and the intriest can be hi.i hope this helps, it sound like you have a great deal going on there.

yes I,m very new to this . As I was settng looking at the forum, mind racing and in great anticipation of what to do I recieved a call about the team that Mr Graziosi has. This really surprised me. I,m not sure what to do or think. I guess what I,m asking is if any of you have advice on this as I,m sure some where approached as I have been. I am a very cautious person sometimes to much so. I hope I can get some positive response on this. thank you very much

How does Quit Claim Deed exactly work?
When do you use them?
Thanks in advance.
Jae

A QCD transfers whatever interest you have in a property to another entity (person, trust, company etc). You interest may be full ownership, part ownership or no ownership. The QCD provides no warranties or guarantees about what ownership you DO have in the property.

I mostly use them to move properties in and out of trust.

For purchases, I want a Warranty Deed (which the escrow company is going to use anway).

I am a NEWBIE, and looking very forward to learning the ropes. I have not gotten my book yet, but I am excited and taking in as much as possible until then.

Anyway, I lookforward to having some stories and questions of my own really soon.

If there is anything, any of you recommend I do in the meantime while waiting for my book , please let me know.

I have read alot on the LLC and I think I will be opening one up today just to get it going.

Thanks again

Hi everyone,
I am new to the forums and I was wondering if I might ask some questions of investors in St. Louis? I have seen requests for fellow investors in other states, but I haven't seen any for Missouri.

Thanks

Hi!

Let say I found an investor who wants to buy a foreclosed property that sells for 50,000. How can I benefit from it? Do I just state my fee portion like 3,000 dollars?

Also if the investor agrees to pay extra 3000, does he have to make it payable to myself personally? And is it ok that I do not have any real estate license?

Shota

what does ie means?

Hi, everyone!

I am very excited as my husband and I are about to try ourselves in this new to us business. I would like to connect with other investors interested in the NYC are properties, we are also looking for investors' clubs in NYC. If anyone has any suggestions, we would really appreciate them!

Thank you very much!

Nataliya.

hey Cory ..
am really excited for your first almost deal , thats really a big encouragement for every newbie here ..
i would like to know how to start , what the first step to take and how to proceed and lock up a good deal.

your help with your existing experience would be greatly appreciated.

thanks
Dino

how do i start making money with the program

how do i start making money with the program

Anita, I love your slogan. I am new to the site and to the Real Estate World. I wanted to introduce myself and start building my network. What I have notice at this web site that everyone is really friendly and has a lot of information to exchange. It's awesome! Looking forward to the education. By the way, THANKS for the warm welcome

Write a contract on a property for much less than it is worth then do somthing with it that makes money.

I would love to get started in the REO/Foreclosure markets. I have several problems, however, and maybe you can help. The first being, as far as I know, you cannot purchase these on a lease option or assigment type agreement. They have to be purchased cash.
Secondly, information you receive on these need to be somewhat accurate and timely. I went to look at 2 foreclosures and 1 auction 2 days ago. The people that lived in the house before the auction where still there. 1 of the houses listed in foreclosure was purchased by another investor 2 months ago, and the third had a lockbox on it and was empty.
My wife and I both have good credit, but because of the slow down in the economy, have no money to invest.
how can we get started? most people in this economy are trying to sell to cash out, and I have no cash to give them. any suggestions would be helpful.

Yes, REOs require cash. But you dont have to close. Either double close or assign them. If you get a good enough deal, SOMEONE will close it for you and pay you to do so.

There just isnt any sense about worrying about all these what-ifs until you have a property under contract.

GL,

Mark

Hi all! I am super excited about my first purchase in progress....I was also thinking about refinacing my current home since the rates are still low...Will I jeopordize my current purchase by refinancing at the same time through another institution....Do I have to wait for the first transaction to complete before I should refinance? If anyone could help answer this I would appreciate it! The Newbie

what happens after i pay the 600.00 start fee

what happens when i send in the 600.oo to get started

what happens when i send in the 600.00 to get started please email me at
lhorton1174@****

i have invested in the coaching system and am in the process of completing the courses. However, I live in Jackson, ms and all of the homes found have very little info via zillow, realtytrac, foreclosures.com , etc. I am frustrated because many of the methods taught are not being applied due to lack of resources. has anybody had this experience. becoming discouraged.