All Forum Posts by: Keith Zabak

Another question that I just thought of...We have talked about one of us getting a Realtor license. Are there any downsides to this. It sounds like it may cost a couple thousand $$ but save huge amounts in the long run. As a Realtor do you get to see all the MLS listings, and also become aware of properties before they hit the market?

Thanks for the input! My major conflict is that we really have $0.00 in savings or retirement funds to tap into. We have all our equity in this property. So I guess I'm answering my own question in that if we rent this property out, we have no money to put into another property.  One plan we are pretty sure about is when we buy our next property it will be well below our means so that we are not in this similar predicament and we have the room to acquire another property. Does this make sense, or are there options I'm not aware of? 

My wife and I are weighing our options on how to start our real estate investment venture. We are currently living in a HUD home and have some nice built in equity. We have done some renovations to this home including windows, doors, flooring, and all new kitchen. Is it smarter to sell this property in another year when we will have our 2 years in so we don't pay taxes, or should we rent it out and begin our path that way? My main concern is that all of our potential cash is in this property and that we may not be able to get financing for our next property if we rent this one out. Another concern is we have put so much work into this property, would renting it out create more wear and tear to fix down the road and cost more money? Any suggestions are greatly appreciated.

Are condos equally appealing to potential renters as a single family/mutli family/apt? It seems there are some well priced condos in a great nearby neighborhood that appear to be a good investment.  

Hi everyone. I'm brand new to this site and forums but currently seek advice on how my wife and I can take the first step towards becoming real estate investors to replace our current jobs. We were lucky to purchase a short sale home a few years ago and sell it for a profit of $30k. We recently purchased a foreclosure in a top neighborhood with great schools, low taxes, etc. We have put a lot of work into it, and recently witnessed an almost identical house down the street sell in 10 days. We feel we are in a good position to sell in a couple years and make another $30k-$50k realistically. We intend to move from the Cleveland area and into South Carolina, possibly Charleston. Is this amount of money enough for us to start our path to freedom through different real estate avenues? How can we turn our smart buying of the past into a real "career"? I am also wondering if it is worth it for one of us to get our real estate license. Thank you for any and all advice.