All Forum Posts by: Andrew Davis

im not sure on the average time a home is on the market in the area but just within the last month ive seen a couple of them drop in price 15k and then sold immidiately. also there are definatley some that have been on the market for a while also. there are about 5 long term care facilities in the area also, 2 of which are relatively new. my sister works at one of these facilities and says theyre always full. being a senior community i cant help but think that there are quite a few for sale because of deaths or transfers to these facilities. im just having a hard time picking out which ones those are. also every summer there are lots of roofing and landscaping going on which seems that people in the are doing proper upkeep and updating of the homes. ive been to a number of estate sales in the area and almost all of them have been near perfect resell condition. some had a dated interior but not sure if that would affet a senior whos just looking to retire there

im new to real estate investing and still soaking up all i can. In my area there is a senior housing community consisting of aprx. 1500 homes most of which were built in the 60's. it seems that a different house on every street is for sale every month and the area seems to have a high turnover rate, probably due to deaths or movement to care facilities. most are priced from the low 100s' to mid 150's and anywhere from 800 to 1100 sq. ft. unitl recently there was only one real estate agency dealing with this are area and within the last 3 years remax coldwell banker and prudential have been in the area. the community also has a golf course and a country club.

it seems like theres plenty of money to be made in this area. not sure how though.. any suggestions? ive looked for other posts that relate but havent found any. do investors just steer away from these sort of properties? our town has a large senior community and it grows every year

also when i ask new questions like that, should i post it in a new thread? or is it acceptable to use it in the same thread? i want as much replies as possible!!

that seems easy enough, but are there many investors out there that are willing to do this? also i want to make sure that i allign myself with someone sucessful and most importantly ETHICAL!! how can i make sure i find someone like this without offending anyone?

great info. thats probably one of the biggest thing i took away from this thread is to educate yourself in all things pertaining to real estate such as accounting and economics. what a great point. it makes so much sense but i never would have thought of it had it not been for your great suggestions, what a great website.

i would like to follow up by asking if there is anyone out there who would like to share some of the things that they found helpful when getting started in this industry as well as anything they found particularly difficult. i know this will help me a great deal and i feel it can contribute greatly to all the other newbies out there!!!!!!!!

wow thanks for all the great information. eric thank you for letting me know what was useful to you. i will look into purchasing that course. and thank you bill for all of the helpful pointers. i wasnt trying to imply that i wanted to learn everything from a guru course, but i have to start somewhere. and i currently spend a couple hours a day educating myself through sites like bp and also books, But like i said earlier some of the books out there are so complicated that it seems only a savy investor could understand them. i have also thought about taking courses for getting a license however i will probably only use it for the knowledge and not actually persue a license. i figure it would be a great step to getting a foundation on real estate basics. once again thank you all for your great insight.

im particularly interested in any books that would be helpful in getting started in wholesaling

thanks for the great replies. i am soaking up all i can here on bp, but the post lack the real ABC's of things. there is not question that they are informative. i feel i might benifit more from all the great infor here if i solid knowledge of basics. any tips on which books, ebooks, or other resources that will help me accomplish this task? thanks again!!!!!!!!!!!

hi everyone. my name is Andrew and im new to investing and to bp. ive spent a couple days reading posts here and it seems the general census is to steer away from all the guru programs do to the lack of info for the price. ive been looking at books to purchase on amazon and ebay and was curious as to which books you guys think would be most benificial for a newbie?? books on wholesales and on real estate investing in general. ive flipped through some at my local books store and a couple seemed like only a seasoned investor would understand.. thanks in advance for what i know will be great input!!!!!