Wednesday, November 23, 2011

I am 26 years old and want to get into real estate by spring. I have no Idea what to do. Can someone advise?

At the moment, I have no answers, no idea on what direction I need to go. I am working hard just to barely make it and I am tired and ready for a drastic change in my life. If anyone has excellent advise I am all ears.I am 26 years old and want to get into real estate by spring. I have no Idea what to do. Can someone advise?
Did you want to be a realtor, or buy real estate as an investment?


If you are barely making it, it will be extremely difficult as a realtor. If you go to a real estate company such as Century 21, and tell them you would like to be a realtor, they will send you where you need to go for training and help you get started. You may find a broker who will carry you until you start bringing in commissions. Look for at least a 55/45 split. (55 you 45 them Anything less is robbery. As you go, you will earn higher splits)


Then you pay her/him back. It's all commission. You make what you earn on your feet.. Be advised that it is also cut throat. Lots of sharks in that field. If you can deal with them, it's a good living in the right town.I am 26 years old and want to get into real estate by spring. I have no Idea what to do. Can someone advise?
As for the first answer about ';Tax Liens'; I hope you are not so immoral as to try to profit on the downtrodden.





So you want to make money in Real-Estate, huh?


The best thing you can do is pretty much the exact opposite of what all the radio commercials tell you.





#1 Don't fall prey to the ';no money down'; scams. If you don't have money to invest, you shouldn't be investing.


#2 Only borrow a fraction of what the lending institutions are willing to loan you. When you pay your loans on time, they are not making any money. They are often willing to loan you more than they know that you can pay because their existence is dependant on you missing payments.


#3 Find something close to home where the apartments are all rented out.


#4 Fixer uppers are great, but don't buy anything more than 30 years old (as it's pretty much guaranteed to have electrical and plumbing issues)


#5 ******* **** Always always ALWAYS get a good home inspection before sealing the deal. **** *********
all right so all u need to know is go to cummunity collge or go to ur boss and he will give u advice
Get the course from John Beck and do some research on Tax Lien Certificates...this is the easiest, most economical way to ';get into'; real estate. Good luck with that!

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