New to the site and have alot of questions

New to the site and have alot of questions

Hi,

As stated in the subject, I am very new to this site and am just eager to learn about REI. My first question is simply: How do you actually begin? Are there actual classes to take, teachers that will help you along the way or is it pretty much up to you to try to feel out? I am curious because some of the posts to me seem as though it would be hard to get in an actual classroom setting. Is it that difficult in receiving the training or am I just becoming overwhelmed with the information too soon?

Thanks for any and all replies! Smiling

__________________

~Blessed beyond measure and enjoying life to its fullest!~


WELCOME GentelL to the DG Family!

see DG site Instructions link below, this will help you navigate the site and answer alot of questions.

Click my username, then click 'track' above name, to find even more.

Enjoy!

Best wishes on Your REI journey!

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Thanks!

Thank you very much for helping me! I am still doing my research on this particular field. And the more I look on this website, the more I am beginning to think that maybe I should get my RE License first. I mean, I am going to take the course in the beginning of next year once I have the funds for everything. So, I figure that since we have to use a realtor, I might as well just learn all there is and see where this education takes me by the begining of next year. I'm pretty interested in this and can't wait to see what can happen.

Again, thank you for everything and I will definitely take a look at all of the links! Smiling

__________________

~Blessed beyond measure and enjoying life to its fullest!~


Another question everyone!!!!!!!

Ok, if I decided to purchase a home from the state...you know where you pay off the taxes and it's yours type of deal...could I just simply flip homes like that and/rent them out if I wanted to, to build up some income also? Because I also want to rent out one home to start. What do you think? I figure it just may help in terms of me learning about investing and how to go about doing so, and I can at least purchase a home that I can fix up myself...of course that's only if I find a decent home that doesn't need that much work to it besides cleaning it up.

Thanks for the advice in advance..and I pray I was thorough enough for everyone! Sticking out tongue

__________________

~Blessed beyond measure and enjoying life to its fullest!~


Tax Liens

Yes, that's a strategy some people employ, be sure to read up on it for your state. Two items to remember: (1) if a property is up for a tax sale and there's a mortgage on it, the bank will always step in at the last minute and pay the back taxes to prevent it from going to a tax sale. (2) states have "redemption" periods where the owner can pay you the back taxes plus interest. The period is typically one to two years. You wouldn't be able to flip it within this period of time.

Again, be sure to read up on the subject. There's plenty of info on this site and other RE sites.

Good luck!

- Tom


Tax Liens???????

First off, what is a Tax Lien??????? I know...I know...I will look it up..but can you please explain how it works? Smiling

Also, thanks for the advice and tip! I am curious now, ok, so the banks usually go to pay off the mortgage so that they can give it to realtors? Or they pay it so that the owner has a chance to save their home? I mean if that's the case, then that's nice that the home owner has a chance to keep their property. However, if it's a case that the owner may not care, or the banks don't get to it in time, I should be able to place a bid on it right? And with that, ok, I understand that since the original owners have a chance to "buy back" their property they can within the 1-2 year window...fine that's cool, I won't be able to flip it..understandable...but would I be able to rent the home out...or would it be better to just hold the house and wait to see what the previous owners will do??? Now that I am reading this, it makes me cautious...because the intent on purchasing at an affordable cost would be so that I can become a home owner and have the opportunity to rent out my home instead of purchasing a brand new home and being faced with a mortgage for X amt of years.

Again, thanks for the valuable info. I'm still interested, but now I will try to see if there's a way I can find out if the homes I look at are being bid on by the actual owners that lost it to begin with...that's only if I'm even allowed to do so.

*Note: Would there be a way that bidders are able to find out if the house is completely up for auction or if the previous owners still want it back? :-/

I sure pray so! Smiling

Take care and be blessed! Smiling

__________________

~Blessed beyond measure and enjoying life to its fullest!~