
24 July 2014 | 5 replies
I had Little to No Money & No Experience but a few REI Boot Camps- basically No Experience...To say I've had a lot of Failures during my 14 years of being involved in studying REI is an Understatement...If I was starting all over again, and my objective is to be able to build a robust REI Biz that can allow me to rehab 6-12 homes a year, wholesale 2-3 properties per month, and build a rental portfolio...I would first focus on getting good at one objective first...Generally most people start out wholesaling because it doesn't require the money or experience rehabbing or landlording requires...I would start with Wholesaling...go find 5-10 very good rehabbers and find out their Criteria for a Great Deal...Commit to building Value for them and ultimately a great relationship.With this you will already have buyers lined up, you know what areas to look for properties in, and you can research public record and see what they are paying for properties on the acquisition(and also ask them, but keep them honest by researching public record)...At this point become the best wholesaler to these rehabbers...you will learn a lot just in this process alone...How to evaluate Comps, Repair Values, Neighborhoods, etc...Which a great wholesaler will know how to do...It will make your deals easier to sell...Ultimately I would see which one of these Rehabber will be open to the idea of partnering/mentoring me on how to get into that arena...They may even allow you to follow the progress of their deals...Every deal has its surprises and over the course of 10-20 deals you will get a real life idea of what those surprises are, and even understand the "reason why" you calculate certain contingencies into deals and also what are the most costly mistakes or repairs to look for and avoid on deals...The value of this Experience will accelerate your learning curve...In my experience one mistake for a beginner can cost you a ton of money and even put you out of the rehab business.There is no way you can learn all the mistakes you must avoid by reading a book or taking a 3-day training program.

4 December 2017 | 23 replies
But motivated an committed to breaking the ICE in this WHOESALE GAME.....- R.

24 March 2014 | 2 replies
If it is, and you don't disclose that you'll be committing loan fraud.I wouldn't count on a cash out refi, but a rate and term to pay off the HML is possible after you have the house rehabbed and rented.Don't head down this road with no cash of your own.

25 October 2017 | 30 replies
THAT would be an upsell that would justify not having control over the server side and being committed long term to IC....??

2 March 2015 | 6 replies
Or you can call a Realtor and have them do the research for you, but they will expect and maybe even require you to sign a document committing you to them, called a Buyers Brokers Agreement.

7 May 2015 | 13 replies
I do the property management myself and most of the repairs.I've been coasting for several year now, I haven't been growing or putting much thought in to my investments, but I'm committed to making a change this year.

30 March 2014 | 13 replies
Seller will deliver to Buyer or closing attorney [ ] Title insurance commitment for an owner's policy in the amount of the purchase price.

2 April 2014 | 21 replies
I should mention that my market is low inventory with no shortage of Buyers who will commit to a short sale.Every good agent has contingencies that protect a Buyer in the event they have to back out.

1 April 2014 | 6 replies
I'm 22 years old looking at getting my self deeply committed into real estate.

31 March 2014 | 2 replies
My wife and I are starting to look at buying another house. I have 10-15 contacts who are agents, and my wife is feeling pressure to use the agent her parents use. I'm in the camp that says whoever provides me with...