- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (8)
- Andrea Thompson, "athomp72"
- Contributions:368
I personally own several properties in the Fort Hood area and I assist many other investors.
Many of my first time investors also have VA intitlements available. So, when buying thier first property, they purchase either a duplex or fourplex and live in one apartment. You must occupy in order to use your VA. This is used as a stepping block to purchase more property in the future. It also gets your feet wet by managing property.
Andrea
- davidslavin
- Contributions:440
Join a real estate investing club so you have mentors.
- Short Sale Buyers
- Contributions:8
go to these guys they can help you get started and answer all of your question on a live q&a [content removed by moderator for being self promotional]
- Xocai
- Contributions:4
Take classes! Go to one of the free Rich Dad Siminars and they will invite you to another siminar for 499 to show you a few things. From there you can sign up for other more advanced training. Great classes if you don't know much about investing....They helped me in the begining.
- titan10
- Contributions:826
There are three things I can tell you from experience.
One, know your target market. Know who will be buying or renting your house, and think about the possible issues or needs.(i.e.-low income areas, figure for recieving late rent, house being damaged more often, etc. Costs will be higher. Also, a first time buyer will probably be happy with new carpet and paint. You wont get a penny for granite, etc.
Know repair costs, and add considerable amount for contingency. Dont just guess. Call a contractor you will be working with and get a written estimate. If you dont, you WILL REGRET IT
three, know the real estate market. Search the area you are interested in and look to see how much inventory in relation to sales. Keep looking until you are confident that you know what the values are, and can predict the sales price, and days on market with accuracy. If you cant do that, you dont know the market.
One, know your target market. Know who will be buying or renting your house, and think about the possible issues or needs.(i.e.-low income areas, figure for recieving late rent, house being damaged more often, etc. Costs will be higher. Also, a first time buyer will probably be happy with new carpet and paint. You wont get a penny for granite, etc.
Know repair costs, and add considerable amount for contingency. Dont just guess. Call a contractor you will be working with and get a written estimate. If you dont, you WILL REGRET IT
three, know the real estate market. Search the area you are interested in and look to see how much inventory in relation to sales. Keep looking until you are confident that you know what the values are, and can predict the sales price, and days on market with accuracy. If you cant do that, you dont know the market.
- jal74
- Contributions:1077
Its very difficult to answer these types of questions, not least of all that it more than likely subjects anyone who answers to state blue sky laws. My suggestion would be start reasearching on the internet, but I can't be more specific than that because of the aforementioned difficulty
Kind Regards
- Fydell
- Contributions:514
If by investing you mean "Flipping" which is the purchase of houses at a discount, smarting them up and selling for a profit then forget about it - especially in this market. Its risky at best especially if you are not familiar with values and can do the bulk of the work yourself.
The preferred way of accumulating wealth from real estate is in the rental or multifamily market.
in other words you want your investment to pay for itself while you are waiting for it to apprecaite. But like any other investment it is not without risk and you should be well aware of what you are doing before getting involved.
The preferred way of accumulating wealth from real estate is in the rental or multifamily market.
in other words you want your investment to pay for itself while you are waiting for it to apprecaite. But like any other investment it is not without risk and you should be well aware of what you are doing before getting involved.
- Eric Smith, "ohiosmitty"
- Contributions:352
what type of RE investing? (flipping, rental, commercial, etc.)
you should know what type of financing is available for your type of project.
find out if you qualify for this financing
see how much supply and demand their is for your potential customers (buyers/renters)
if its competitive, what will make your investment stand out to potential customers.
get market analysis from local professionals for your desired market and project type.
you should know what type of financing is available for your type of project.
find out if you qualify for this financing
see how much supply and demand their is for your potential customers (buyers/renters)
if its competitive, what will make your investment stand out to potential customers.
get market analysis from local professionals for your desired market and project type.
Whats is the best way to start in realestate investing? I'm in the central Texas area Killeen/Ft Hoo
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.