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25 February 2018 | 4 replies
I think every real estate investor wants to be a full time guy because this is very enjoyable, there are lot of pros to being full time, here are some of the cons you should address 1) Finding the deals - As long as you are a passive investor if the math works even a 100$ cash flow a month is okay on the side, you can buy your properties from MLS but when u are a full time investor you need a lot more cash flow and lot better deals.2) Sourcing Finance - Banks look for W2s when you ask for money, you should be lot more creative and risky as a full time professional to source funding.3) Market Cycle and Current Market - Markets will cycle and as much as I know most areas are turning into sellers market with low supplies, how do you tackle that?
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25 February 2018 | 2 replies
I love Zillow and Redfin, Realtor too.; but I always do my own math especially up front. I really like to use rough estimates, 1% rule, 50% rule, etc. Just don't base it on the numbers you get from the listing. The ta...
8 March 2018 | 4 replies
They key thing is to use an escrow company that you trust (since they will be handling the cash) and also make sure you trust the realtor you're working with.
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26 February 2018 | 7 replies
@Samuel HostonIRA Services Trust Company is a popular one and they have been in business since 1978.
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26 February 2018 | 8 replies
Do not rely on prayers, trust in yourself.
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28 August 2019 | 7 replies
Could you share with me the address of those properties?
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30 June 2019 | 8 replies
There is a big difference between the escrow/trust accounts of such an entity and holding your proceeds in an actual FDIC insured segregated account with a Federal Reserve chartered bank.
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1 March 2018 | 8 replies
Some county websites also have owner's address.
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16 August 2018 | 11 replies
Investing from far away is always risky specially if you don’t know the area or if you donot have someone you trust to manage the properties for you.
26 February 2018 | 8 replies
As Rich Dad Poor Dad indicates the knowledge is priceless and there is no way investing OOS with a PM you obtain the same type of knowledge 2) requires less reliance and trust on others.