I’m preparing for my retirement by becoming an a real estate investor.

Lenders title insurance policy should be obtained and all documents properly prepared and filed accordingly.

@Kenny BanuelosIn high school, focus on preparation before buying a property.

Everyone really does want to meet you.Be prepared with an answer when you are asked what you do in real estate.

If you need tax planning or preparation services, please don't hesitate to contact us or DM me.

However, it’s important to price competitively and be prepared for buyers to request concessions.

.), the location, depth, and capacity of utilities to service the site - including public utilities (sanitary, storm and water services), franchised utilities (power, gas, cable), capacity of the local streets to accommodate additional traffic from your development...Be sure to find out if there are any specific local ordinances you need to satisfy (possible tree & wetland surveys, together with any necessary tree & landscape or wetland mitigation plans) and whether there are any concerns from municipal departments (e.g. hydrant locations from the fire department, storm inlet and retention requirements, as well as asphalt / concrete road requirements from the engineer), entrance requirements from the road commission (left turn and passing lanes at the site entrance), etc.Once you get past all this you can finally prepare a preliminary site plan and enter the political arena to get preliminary site plan approval, and to address any concessions the board and neighbors want from you to overcome their objections to your development.

This doesn’t necessarily make it a bad investment, but you should be prepared for the challenges that can come with managing properties in this type of area.

Another thing be prepared to spend rehab dollars to fix it up for rent or resale after foreclosing.My experience for average tax deed rehab for rent is $5-15K. rent for $900-$1000/month.winning bid amount $14-32K.Rehab cost for sale; cost between $25-92K , sale for $90-250K, winning bid amount $15-60K.

.- Consider hiring professionals like architects, engineers, and construction managers to help with the process.This process can be lengthy and involves several steps, but with the right guidance and preparation, it can be successful.