All Forum Posts by: Kenneth Lim

" Did you know that you can invest in RE with little money down or credit? Read up to find out how! "

Hi CumminsHomesLLC, any good links to recommend for rookies? :D

Hi dcg123, seems like gonna have to be in Thailand, Pattaya for about 3 - 4 months more. I will hand the investments to a reputable property management company to management after I leave.

:beer:

Hi Wheatie, thank you for sharing. Will definately get a buyer agent for myself to learn even more. Your insights are great and helped me alot. As a rookie, there are alot of things I am not sure and confuse do guide me along the way. Thanks :D

Hi Wheatie, thank you for your patience with a rookie. Yes I was confused with earnest money and downpayment. I see so basically when I spotted a deal, I will down let's say 2% EARNEST MONEY then if no problem with getting finance or whatsoever, I will pay another 8% maybe couple of weeks later which makes up 10% then get 90% finance from the bank. In the couple of weeks, if I can't get finance or maybe found out property has an uncover significant problem, I can get back my 2% EARNEST MONEY right?

I don't have a personal agent. I either call the listing agents directly or go down to the real estate office and they ask me for 10% downpayment....now I know. Thanks alot Wheatie for sharing. Will definately post my first investment property and share with everyone how I get it.

Are the steps line up correctly?

Step 1 - Call the bankers to get your finance line up for pre approval
Step 2 - View Properties
Step 3 - Found the property
Step 4 - Put down 10% downpayment
Step 5 - Close the deal

PS: What does MLS means?

Hi, I would like to know if I see a good deal,

- Should I put a 10% downpayment first before asking my bank for a loan? [b]
OR[/b]
- Should I ask my bank for the loan first and if the bank agreed to loan; I put my 10% downpayment?

Hi guys, thank you very much for your insight. Will go flip the older post about determining values of the property. :D

Hi, I am a newbie here just starting to get my feet wet. Please pardon me if I ask any stupid questions. Thank you.

How do real estate investors determine whether a property is undervalued or not? Kindly share your experience. :shake:

I have no experience whatsoever except read up alot of books about real estate and now it's time to get my feet wet. Please guide me along the way. Thank you.