If you are new and this seems like your type of thing my advise is work for free for a title co part time to learn how to do a title search.

My advise is get a mentor and cut your learning curve way down and you'll stay out of trouble with a pro at your side.Best of luck

If you do not have a lot of real estate experience (pricing, advertising, purchase agreements, title policies etc) then I would advise hiring a real estate agent as they will work to protect your most valuable asset.

Thank you Karen,for the advise that will help a lot.

So many good topics and advise going on.Cathy Labus I hope to see you at the TXRIEC soon!

@Charla H.The advise I would give you is to save all your money and become an avid reader.

For example if the agent lists a house for 100k but knows the seller would take 90k he can not tell you as that is acting in one parties interest but if he was a buyers agent he can talk to you and advise you that you should offer .... as a dual agent they are more of an intermediary that serves both parties to get a deal done.

Yearly Rents $52,8K Expenses $23, 337.48 = NOI 29,462.52Cap Rate 13.22% Normal avg cap rate is 10% but I was just advised this is not a commercial zoned property, it is considered to be residential.

It's highly advisable to have the borrower execute a written offer made to the lender to accept a deed as full payment.

I have been advised by the Smart Charts trainer that all of the informaton in a local MLS is included in the Smart Charts product.