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I would like to know from the more experienced investors on this site what your investment strategy is in this changing market.

Will you still be rehabbing & selling, or buying & holding?

Please share your thoughts/plans with this newbie!

Enjoyed your post all cash, and appreciated all the info it contains.

I watched & studied the market, and read all the re investment articles I could find for about 1 yr before I jumped in & made my first investment
.
I think posting on & reading thru this website has helped me more than any book or article I have read.

The broker did not agree to a reduced comission.

Wow. looks good!

Do you do some of the rehabbing work yourself, or do you contract it all out?

Apparently by listing your house on their site, you are listing with a broker. A realtor friend of mine has a daughter who is about to list her house thru houspad(with her mom's blessing), because she will then only have to pay 2% to sell her house. She cannot afford the traditional 5%.

It's basically another way for a fsbo to get their house in the mls w/o
paying the 5 or 6 % to a broker.

One possibility is a stated income loan. You get a slightly higher rate, but it is much easier, especially for those who are self-employed. You do need good credit scores though.

Ultimately, if your goal is to take possession, fix up the house & then sell, you want the loan that will cost you the least amount of $$, and have the smallest monthly payment. And no pre-payment penalties!

thanks for your input!

I would like to know if there are any investors out there who are former Realtors.

I am currently a licensed Realtor, but am considering not renewing my license this January. I do not like being a real estate agent, but I do love RE investing.

I have had my license 4 yrs, know a lot of agents, & feel I would be very well connected in regards to finding new investment properties. I don't do much in the way of flipping, I am more in the market for rentals.

Yes, I have thought of keeping my license for myself, but it would cost me several thousand a year to maintain.

Would love to hear from someone who has been in this position.

I felt the same way when I finished high school, I didn't want any part of college or more school work, I was done with it all!

Now, years later, not going to college is my BIGGEST regret. Practically everywhere I turn, I would be making more money if I had a degree.

Go to college. You will not regret getting a college education, but you WILL regret NOT getting one!!!!!

Has anyone used Housepad.com(sorry I don't know how to link)to buy or sell a property? I am interested in hearing about any experiences with them.