All Forum Posts by: Bryan Silver

For those of you that use BofA's website to gauge property value - shame on you! Although it is somewhat helpful, the comps, values are often wrong & not updated. Realquest was one of the most reliable databases use to determine comps, values, but it is no longer a free site. Other sites such as realestateabc, zillow, cyberhomes, eppraisal, etc will give you round-about figures, but it is best to have realtor give you recent sales according to MLS, MLX or you can contact your title company. Some title companies will give you that data for free.

Frank:

If you are looking for 100% financing, I have a couple of private lenders that can possibly assist you with funding your project (s). Let me know if I can be of assistance.

Played around with penny stocks in 2007, 08'. Despite doing quite a bit of research, I got taken to the cleaners. My advice to you...BE CAREFUL!!!!

Fannie, Freddie changed guidelines from 4 to 10 back in March. All I can say is....good luck finding a lender that will fund, service an investor with 4 or more properties.

LeBron James & Kobe Bryant are on a collision course to meet in Finals. Who do I think will win between LA vs Cleveland? I give the edge to the Lakers. They have more talent.

Does he own the crisis? Well...he definitely inherited foreclosure crisis from prior administration. Once he gained the oval office, he adopted all the troubles, problems associated with that position. From this point forward, it is his responsibility to resurrect economy, housing market.

I do however suspect that Obama will need more than 1 quarter (1st quarter of 2008) to reinvigorate financial, housing sector. lol

In the meantime, it is up to us to demonstrate patience.

Only on rare ocassions have I seen the bank/lender allow buyer to utilize own title company. Like Jon and few others noted, usually lender likes to control entire process.

No Name:

You neighbor is absolutely right. If you don't know what you are doing. You have absolutely no business getting involved in RE market. However, those of us that have been at this for awhile, have never seen such an opportunity for prosperity.

Like Nick stated....Time! Time it takes to locate bargain real estate is the biggest advantage! Right now, you can find excellent wholesale properties on market (.40-.50 cents on dollar) w/out spending countless of hours scouring thru MLS listings. Additionally, many wholesalers will allow seller concessions that will make it easier for you to purchase property.

I made leap of faith 3 years ago and haven't looked back. At first, there was some times when I questioned my decision (lean times), but looking back on it - it was the best thing I ever did. The lessons learned since becoming a full-time RE investor is invaluable.

Like some others pointed out, you should probably remain employed until you have established a portfolio. Why? Your going to need income from your job to finance projects.

Then again, its all predicated, depended upon your comfort level.