All Forum Posts by: Mark Andrew Deidiker

I will definitively look into that. Assuming I can get qualified for a loan. Thanks a lot for the advice! 

@Paul Timmins

Thank you very very much.  

I am seeking knowledge. Based on my question I would be happy with book recommendations more than anything. I love reading. 

Anyways, I would like to eventually buy a property that I could rent out. I am looking for the best options to start out. Such as maybe buying an inexpensive apartment for maybe 30k. I would assume that a 4-plex is the best option starting out, but at the moment my income is low. I still have about 3 years of college left. So do you think maybe I should just wait until I am finished with college? Also would getting maybe a 10k car loan while I am in college to build my credit up until my income is higher is a better option? 

Budget:

Income-$1000 after taxes every month

Rent:$200

Food: $200

Whatever: $100

Savings: $500

Soon I need to buy a car. Not sure if that is going to be a loan or a crappy car from craigslist, but I live in Arizona and this nice weather is about to be over. 

Thanks,

Mark

Which is why I came here for answers, but instead  have been directed elsewhere for them. Seems as if everywhere I go everyone is just beating around the bush.

Frankly I'd rather not hang on the coat-tails of anyone and just learn the steps needed. Then at that point it is trial and error. I am confident in how well I know the market I want to pursue. I also feel confident in my ability to determine how much is needed for repairs. 

The way things are going though it's looking like I have no choice. So being as humble as I can be, I will attend the next possible REIA meeting. I will hopefully make a few friends who are willing to share knowledge with me.

Thanks for the reply. Looks like I just need to buy a few books.  

I would love to go to a meeting, but all the ones I can find on google are over an hour away from me:(

Okay I have spent countless hours reading and watching videos.  Basically what I have learned is: 

Find a great deal. Get it under contract. Call the title company. Make sure you have an end buyer. Close and wooo freakin whoo.

I have heard these steps over and over again, but I feel like a lot of important information is left out and it is driving me crazy. I would love to just start calling a million people today and give them offers on there house... but wait, is that even how I put an offer in on a house?

Assignment contracts? where do i obtain these? 

Do I simply bring the contract to the sellers house and have them sign it and it is that easy?

Is that all the paperwork that is needed on my part for this whole deal?

So assuming that I got a good deal, i brought the paperwork directly to the seller to sign, I called my end buyer, he liked the deal, now I simply wait for the closing day and boom i get my deposit check and wait for the rest of my money? Looking at it first person is this really all the physical actions I need to do?

Also if someone is selling a house and they have a Realtor helping them, can I just directly call the owner of the house and offer a price to get the house sold asap or do I need to be talking to the Realtor?  

I have no car and I have every intention on putting every ounce of energy I have into this. My goal is to get a car so I can transport myself to college and live out my dream of becoming am trauma surgeon. This is an avenue I would like to explore, but I need to make sure I have all the correct information in place so I can make the right decisions and be confident in what I am doing.  

Thanks in advance to anyone who can help answer my questions, which I am sure will turn into many more.