
16 August 2016 | 7 replies
I would like to walk away from sales and begin in real estate.

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.

20 August 2016 | 39 replies
What you're talking about is a short sale.

15 August 2016 | 2 replies
Louis, MO that can get me a Sales and Purchase Agreement that is used by real estate agents or point me in the right direction to get one.
14 August 2016 | 1 reply
ARV is based on comparables sales within the last 3 to 6 months.

15 August 2016 | 2 replies
It would be nice to be able to define a radius and a time frame and then get a complete list of all sales during this time.

14 August 2016 | 1 reply
Also have power of attorney's and Living Will's done.

16 April 2020 | 4 replies
I am beginning to do a few owner financed sales.

16 August 2016 | 19 replies
If all but three units are rented, the reason for the sale is not negative cash flow.

15 August 2016 | 7 replies
Example: most sales data for a house is public record and do you think you get the same value for a house with a mortgage as you do with clear deed?