I have been trolling the forum for some time, and finally decided to get more involved.There are so many forums related to Real Estate Investing now that you have to be very picky on where you place your efforts.Well, I am a Realtor, shocking?

Finally, I am here because my desire to one day be a landlord and investor of several propeties as brought me here.CHAZ!!!

I have been studying up on real estate investing for some time now, and I finally am getting serious about taking the plunge.

Talk to them before you finalize a contract for sale.

Hi, I need help analyzing this shopping center.

5 unit Shopping strip

Agreement price: $1,100,000 (negociated and agreed upon)
Down payment 20%: $220,000
880,000 30yr @ 7%: $5,854.66/mo

5967 sq. feet

Operating Exp...

So needless to say, I have already afforded myself a great education in the land of real estate.I recently, Finally, read Rich Dad Poor Dad by Kiyosaki.

If the lender takes possession through foreclosure there will be no proceeds going to the ex-homeowner regardless of the eventual sale price.Steph - I do hope you are taking into account any prior liens / encumbrances when you are doing your analysis.

The properties are going for around 90 cents/sq foot, which I'm told is a steal.Well, it looks like I can finally afford that 10,000 sq ft mansion!!!

A thought I had (form an REI club teleseminar) was to tie up the property in a contract, then do an auction, with people coming to view the house on the final days of the auction.

I don't want to waste my time if it's a dud area.I'll make my way there before my final decision, but could use a little help from my BP friends.Thanks in advance.