I do have basic real estate knowledge as I once held a license in Texas, but gave it up when there was no more time - that was 20 years ago.

I am a very honest person, almost to a fault sometimes.I basically do my negotiation, by reviewing the facts of the property with the seller, let them tell me some things about the property, their situation, why they are selling etc... but when it comes time to closing the deal, I have no idea what to say to justify my offer without spelling out how I arrived at the numbers (such as I put in offer of 70%-repairs-profit).

If someone does not have basic knowledge, then they will be completely lost.

Investing in rentals, land contacts, buying and selling properties has been profittable and enteraining and basically my entire way of making a living.

shep,wholesaling involves 3 parties...the seller, the assignor and the assignee (eventual buyer of property).assignor contracts to purchase from seller...and then assigns the contract to an actual buyer who's going to actually purchase the property. assignor makes money basically from finding the property, tying i tup through contract and then by selling it (the contract) to a buyer.make sense?

After gaining great education I moved to Jersey City and I rented a decent apartment in a house on top floor in affluent heights area of JC.My landlord told me and is part of lease agreement that heat and hotwater included, now after staying here for 4 months we had heating started in the month of October and my utility bill jumped from average 40 dollars to 250 dollars a month.

i was wondering if ther is anyone out there willing to help a 21 year old college student in new york get his feet wet in real estate investing i would love the chance to learn the basics from a seasoned investor. dont get it twisted im not looking for a handout im looking for a mentor :superman: who is going to shorten my learning curve and bring out the best. i love real estate and would love the chance to get started on the right path to successful real estate investing -Calan-

That's expensive and depends so much on what you want.Of the houses we did last year, the remodeling costs ran from $28,000 to $60,000 and all involved new roofs, some new Heating and Air, new kitchens etc.

I had inspected this place and it seemed to be in decent condition except that the Heating/AC unit was completely dead.

hello all,Trying to get some basic information here.