All Forum Posts by: Account Closed

Welcome Richard P. This site definitely has a ton of useful info to browse through. And just to be clear, there really is no comparison of this site to other REI sites. This IS the best!

I'm in the Chicago market and can tell you that there are still plenty of areas here that are still depreciating.

Peter Pil, I wouldn't worry about which market you choose to start investing in. All markets will have plenty of opportunities. The important thing now is to GET STARTED! So many new investors go into analysis paralysis and never actually get started in real estate. They quit before they even give themselves an opportunity.

And that's awesome that you're starting rigth out of college!

Dave Stinnett, don't worry about coming off too amatuerish. Just be yourself and let them know that you're new and would like their assistance. Don't try to lie and say you're more experienced than you are. A lot of people are glad to help out new people (myself included.) The one's that don't want to hlep out newbies, you don't want to work with anyways.

Daniel St. Louis, if you're looking for tax deed books I've read these 2 ones which are both great:

http://www.amazon.com/Complete-Guide-Estate-Liens-Foreclosure/dp/0978834682/ref=sr_1_9?ie=UTF8&qid=1342796609&sr=8-9&keywords=tax+deed

http://www.amazon.com/The-16%25-Solution-Low-Interest-Certificates/dp/0740769626/ref=sr_1_1?ie=UTF8&qid=1342796638&sr=8-1&keywords=16%25+solution

Welcome Nick Myers! Wholesaling is definitely the way to go if you're just starting out. That's the path I took and I couldn't have chose a better one.

Hey Dave Stinnett! 3 years is quite a while to be analyzing. You just gotta get out there and do something..anything! You will learn much more by doing than you will by reading.

Welcome to BP! You're right that you can definitley find everything real estate on this site. That's great that you're already utilizing it by reading through the topics.

Good luck and don't be afraid to post questions!

Ok I can definitely agree with those statements. I was just coming from the perspective of strictly wholesaling where you are not putting any of your own money down. In my case, and in other wholesalers cases, you don't have to worry about the details about the property (neighbor's garage being over the boundary line.) That is the job of the end buyer to worry about.

You're right. It's not for everyone, and if that is the way you feel then I would stay where you're at. That's great that you have a job that you love (the majority of people can't even say that!)

However, I would definitely continue to do real estate on the side if that's what you want. It can always provide that extra income in hard times.

Bill Gulley, I have to agree but also disagree with you. I agree that newbies should get a good base of general real estate knowledge. And I also agree that they shouldn't be buying guru programs but there are plenty of free guru resources out there that can give a good overview of how wholesaling works (Sean Terry and Eric Medemar to name a few.)

They will learn how wholesaling works specifically by these resources. You don't necessarily need a huge general background on real estate. You just need to learn the basics of wholesaling and then get out there and start doing stuff and taking action. You will learn way more by taking action than by studying all the real estate courses in the world.

All you need to tell them is to find a local realtor that will provide you with comps and work with them. In return, you can refer to them any short sale leads you come across. Those other sites can just be used as backup estimates.