All Forum Posts by: Guevara M.

Thanks for the info!!!!!!!

-Mike

I've been doing hard work since I was 16. I guess I will stop by the book store & see what I can find. Thanks guys for your input. I know REI is not easy & it takes lots of knowledge & work. I plan on learning as much as I can before I jump into anything. I would just like to learn the basics right now. Thanks again!!!

-Mike

I didn't mean one book to learn every thing. Sorry if I came off like that. I'm just looking for some sort of introduction into real estate. I will purchase Richard's book in a couple of days. What are some other good books to start off with?

Hello every one, I am new to this & want to learn as much as I can. I'm looking for my first book to read. I understand that I can learn a lot from this forum but I just don't have that much time to be on the net. I'm really interested in buying low, fixing & selling for a profit. I have 1 rental condo now & I hate it so no more rental property for me. I'm just looking to make some extra income while I continue my full time job so I can build my dream home. So what book would you guys recomend for me to read first. I can only handle one book at a time.

Thanks!!!
-Mike

Me & a buddy of mine have been talking about buying a house for low, putting some $$$ into it & then try to resale for a profit. If it works out then maybe do an other one & see how it goes. His mother is a home lender at a big bank & is very good at what she does. She said she would help us out. I have an other friend that works with me & has his own contracting buiseness. He said he would help us out with the work. Would something like work for us?

About getting rich, I would love to get rich in real estate but I just don't have any idea on where to start. I hate rental property & I don't have much money. Me & my fiance live in a small 1 bed room apartment right now. We already talked about what I want to do & she is fine with moving every 2-3 years. We both want a really nice home but just can't afford a 300K mortgage. We would be good with a 100K mortgage. So I need to find a way to make at least 200K in the next few years so that I could have the house that I want. Just a general idea.... Any advice???

I really don't know much about real estate. I'm 29, engaged & make 55K-65K a year & want to buy a house in less than a year before I get married. At the end of this year I will be debt free with the exception of my mortgage on my rental. I've been putting $600.00 a month in a savings account so that I could pay off all my debt by Jan 1, 2009. I bought a small condo back in 2004 for 36K & it's worth about 50K now. I still owe about 34K on it. I use it as my reantal property so it kinds of pays it self off. I'm thinking of selling it in about a year or less to help get into my first house but not sure yet. I plan on saving about 10K before I buy anything. My goal is to find a house that is below market value, live there for 2-3 years & then sell for some sort of profit. Then dump that profit on an other house that is below market value, live there & sell for a profit in 2-3 years. Then repeat it over & over. I would like to do at least five houses. My main goal is to be able to have a very nice home that is at least half payed for. Is this possible for me or just a dream? I'm not looking to get rich in real estate. I just want a very nice house in the furture with out having to pay for all of it. Any advice would be great!!!

Do I have to have CASH ready to buy a preclosure or are there lenders that will lend me the money? I tried buying a foreclosure a few months ago but I couldn't find a mortgage company that would loan me the money for the property & repairs. Everyone said that I needed CASH.

I'm looking for my first house to live in for about 2-3years & then sell for hopefully a good profit. Could I get this with a pre-construction? I live in Corpus Christi, TX & there are alot of new homes going up everywhere. About a little over a year ago a 1500 sq/ft 3/2/2 was selling for about $150,000.00 & now the same type of house is selling for about $135,000.00 So is this possible or not?

Thanks for the info Jon!