Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

78
Posts
22
Votes
Sonny Ngo
  • Involved In Real Estate
  • Houston, TX
22
Votes |
78
Posts

I'd be happy to share my real estate experience with new investors.

Sonny Ngo
  • Involved In Real Estate
  • Houston, TX
Posted

Any questions from new investors?  I'd love to answer all your questions.

Most Popular Reply

User Stats

78
Posts
22
Votes
Sonny Ngo
  • Involved In Real Estate
  • Houston, TX
22
Votes |
78
Posts
Sonny Ngo
  • Involved In Real Estate
  • Houston, TX
Replied

@Dazelle Russell,

Once you find the motivated seller, you will offer your option money to secure the property.  The option money can be anywhere from 10-1,000 dollars.  Then you turn around and find a motivated buyer to buy the property.  Once you find the motivated buyer, you will ask for a down payment (1,000-3,000 dollars) to secure the property from the buyer so no other investors can buy it besides him/her. After you've found your motivated seller and buyer, you open title with your local title company to get the property closed and funded.  I guess the final question is how you will get paid?  You get paid by the title company once the property is closed and it takes anywhere between 2 to 3 weeks.  Hope I answer your questions.

Loading replies...