I know that all investors decide to establish themselves differently.

You need to be careful you don't look like you are selling the home or a local real estate agent will go after you for selling without a license.

I would however, like to move my business to california after I get done establishing it here.

Using a licensed appraiser should give you a fairly accurate value based on recent sales.

My best advice for getting the best deals...close quickly and cleanly with a reo agent in your area to establish rapport, then make it loud and clear you are ready to play.

Hello,In my quest to learn real estate I ended up getting my license in IL, and found out that being a salesperson might not be in me.

for all the investors out there i was wondering how many of you have their realtor license?

But I do know that if you keep your oldest credit card open to establish a longer credit history, and pay everything on time from now on, and keep your revolving credit line balances low, and don't open a lot of revolving lines of credit, you can have extremely great credit in about 5 to 7 years, higher than 741.

Heres the order i would consider: buy it, replat the property into several parcels. rehab the house and sell it, thus establishing a sales comp for the other parcels.

If the $329K value is accurate (only you can establish that, an apprasial, especially one you don't pay for, is of limited value), then you should apply the 70% guideline.