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14 August 2016 | 3 replies
Hell, if I could just move this house somewhere, that would be nice lol.
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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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15 August 2016 | 2 replies
Would be nice if I could export it at the end into a PDF or so with a map where you can see the property locations followed by the list of properties with images, price and some info.Simon
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15 August 2016 | 4 replies
It's nice to save money!!
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14 August 2016 | 3 replies
any thing less will be speculation.When I go into a development property.
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16 August 2016 | 19 replies
I could see it being a nice investment at a much lower price.
15 August 2016 | 3 replies
I highly recommend looking into them as you develop your network of contractors/handymen/painters/roofs/etc.Pete
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15 August 2016 | 0 replies
When we tour homes, I like to take some time to drive by some our biggest developments and employers.
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15 August 2016 | 1 reply
So you can buy a nice deal that will not break your bank account and rent it out for 10-14% return on your investment, depending on how you buy it.2.