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Updated about 10 years ago on . Most recent reply
I'd be happy to share my real estate experience with new investors.
Any questions from new investors? I'd love to answer all your questions.
Most Popular Reply
@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.