All Forum Posts by: Jeff G.

Thanks Jscott

Yeah I am starting to see that will more than likely be the case. I read a few books lately that tell you to find a buyer and just send a check for 50% of what the listed price is. Supposedly the bank will accept the offer 9 out of ten times. I am certainly becoming more and more confused at this whole thing! I am not discouraged by any means. I really have no idea what I am doing but at the same time am trying to jump in head first. It is bridging the gap that is hard. One book says you can make a lot of money doing real estate. The next one says not to count on becoming financially free from real estate because its like hitting the lottery. I choose to listen to the more optimistic books, however it is clear that there is so much to learn here and I am just scratching the surface. AHHHHH! I feel like I have a basic understanding of this stuff. But a few things i am not sure of..... How to find the deals? How to get to the deals before everyone else does? How to value a property?
I am sure all these questions seem elementary but I am lost in certain areas. I want to begin this journey but am not sure how to I guess.

Anyhow thank you for the info guys! Every little thing I read he;ps me understand just a little bit more. I am grateful for that!

@jscott

I apologize for the misunderstanding. Thank you everyone for your response. There is an agent in charge of this house. I am just trying to figure out how to get this property because it was foreclosed on for 70000 and the arv is well over 150000. I know it is a money maker. Just don't know how to do it without the cash.

Re: @ Jscott

I certainly don't appreciate my question being called obnoxious. I was asking because I am new at this and don't know a whole lot. It's people like you who make people like me scared to ask questions. However, I appreciate your answer about assigning the llc. Could've done without the criticism for a simple question.

I recently came across a house that was foreclosed on. Freddie Mac owns it. Can I send Freddie Mac an offer and assign it?

Thank you for great feedback and suggestions! It's funny because I had a dream and just suggested to my wife that perhaps I need to get my RE license! Isn't that great! How hard is it to create an income once I have a license? As you can tell I would like to leave my current job soon.! I really am thankful for all the suggestions so far. Keep them coming! I am fired up! I want to get this going!

Ps. I just used my first acronym! (RE). ????

Thanks guys! I am definitely watching these forums to get some knowledge. A friend also suggested I get in with ccim. Anyone done this? I agree I need to know what it is I want to do. I guess I need to learn more so I know exactly what everything is. I would like to attain some cash flow quickly through foreclosures or wholesaling my end result would be commercial investments multi unit complexes. My prob is no money and little to no credit so.....

Hello,
I am completely uneducated to the real estate business but looking to get my feet wet!
I was hoping some one could give me some advice on where to start my education?
Are these real estate programs good? i.e. eric medemar, chris chico etc. would like a place to start producing income in apartments and commercial. should i start in wholesaling?

any advice or suggestions are greatly appreciated!