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21 October 2016 | 6 replies
I prefer generating my own analyses using spreadsheets - for all sorts of stuff - and recommend doing that if you can and are comfortable doing so.
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13 December 2016 | 31 replies
That's sort of mid-market for our area and is fairly in demand.
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7 August 2016 | 5 replies
Do you plan on using some sort of accounting software to keep track of income and expenses?
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11 August 2016 | 13 replies
RealtyTrac will also let me sort properties by price per square foot which is helpful to me.
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15 August 2016 | 21 replies
Apparently manufactured homes are required to have some sort of sticker affixed to a window and one more location (usually a cabinet) identifying it as such.
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16 August 2016 | 35 replies
I'm saying you should solve these sort of problems and build a strong foundation for yourself upon which to grow a solid business before you start, not after.
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14 August 2016 | 0 replies
Would I benefit in contacting a general contractor to evaluate or is there another I could call who may specialize in this sort of thing?
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15 August 2016 | 8 replies
My name is Alex and I am a licensed contractor in Georgia and sort of a new investor.
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14 August 2016 | 4 replies
I don't mean to go against the grain of those who are selling that idea - all I can say is that it did not work for me.So.......... back to taking seminars, buying cassette tapes and books - I wanted to learn everything I could about investing in real estate ---- so--I had to get money, working capital, and I needed to go on the cheap - A friend told me about cheap properties you could buy in Baltimore - houses for only $2-3,000 and many of them could be found at public auctions.After borrowing some money and getting some credit cards and a new job - one in sales - I was ready - ready to invest in cheap- junk properties in the City.And wouldn't you know it - I got lucky at my first auction and purchased a cheap house that was boarded up - Because of all those expensive seminars I enrolled in I WAS READY - prepared with my pry-bar, flash light, level, marble and probe - I decided to go to this building that was being auctioned the next day - I sort of removed some plywood and crawled through a window to take a look -Boy was I surprised - this place looked great - I later found out that the estate boarded it to keep squatters out.The next day - I was ready with my deposit and waiting for the auctioneer to start his melodious hypnotic chant - 5 bidders appeared but did not bid because they could not get it - I was the only bidder and got the house real cheap.Today as an auctioneer, investor and developer of commercial properties - if someone would ask my opinion on how to get started I would suggest ---Continue to study but learn how to cut through the BSGet a credit line Learn 20 creative financing techniques - no money down systems (that is none of your own money)Hang with a few successful investors and pick - pick - pick their brain*** Look at 50 houses in the area you intend to invest (not expensive, blue collar, mixed rental and home owner neighborhoods)When you are finished looking at 50 properties - you will be armed with knowledge that most agents and other investors don't have - knowledge of values -Keep a journal, put listings in it, write down everything the agent or owner says, keep a record of the cost per square foot - this will help determine values -Have agents send you expired listings - go knock on the door or send a letter to ask if they are still accepting offers on the property - Remember an expired listed is a property that failed to sell - the seller should still be motivated to sell.
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17 August 2016 | 17 replies
I highly suggest only buying something if you feel you are buying at some sort of discount to market value.