All Forum Posts by: Tyler Y.

I think both sides - the noob who gets offended, and the veteran who is shocked at the noob clogging up the forums - seem extremely “new to the internet.” First time ever going online? It happens! It’s not a real estate problem, it’s a WWW problem. Everyone expects online interaction to be like in person interaction and it’s just not. 

 Steve, your comment motivated me. I went ahead and finished the licensing requirements and have had some (tiny) successes as a licensee/Realtor! Thank you for the encouragement. Being licensed has made real estate investing a lot more transparent, too, and I feel more knowledgeable and a lot less sketchy now when I contact owners.

There is a learning curve not only to real estate, but also to being a forum-user. Some things, like using forum searches, forum etiquette, etc. are common to all forum and thread-based websites, but not everyone knows about them and it takes time to adjust.

I've been on a lot of sites like this and some are really gracious to noobies and others punish them relentlessly. Sometimes you have kids who know nothing about the website's topic (in this case, real estate investment) just spamming the threads, and other times you inadvertently punish seasoned pros who simply aren't good at being online or using the internet. 

Regardless of how real estate -ish we are here, there is a huuuuge technology component here, too. And a big social media aspect. It's inevitable.

What if you aren't just an engineer, but own a successful business already, yet want to be a part-time agent for MLS access (as an investor) and to get more involved in the industry? Surely some clients will understand meeting after hours and on weekends?

I see this thread has been revived recently, and it's one of the top google results for this topic. So does building a 2-4 unit property become more feasible in light of the recent 5% down conventional loan product that regulators have introduced? 

Well, uh, yeah if you have any advice.. 

For the book, someone mentioned about halfway through that it’s about buying “distressed real estate notes.”

Just google that, don’t buy another book.

As for your primary home... it is both an asset and a liability.

Equity = asset 

Mortgage, taxes, maintenance = liabilities

It’s both. If you don’t have a loan, the asset side could be going up faster than the expenses if appreciation is high. Think like buying land for appreciation, same thing.

But obviously the home has costs you pay out of pocket. The whole argument is kind of stupid, a piece of real estate has components of both, it just depends.