Zillow Advice: Investing - I want to invest in real estate...need agents who are doing this for a living

Do you have a partner with ...

Thu, 22 Oct 2009 06:10:00 GMT

Do you have a partner with additional resources and good credit, and are you able to do repairs or upgrades if the condition needs improving.Your current available funds may not be adequate especially if you plan on a low 5% rate which you will pay points for and increase your closing cost if you will not be occupying the property.

Your site says that you "HATE ...

Mon, 19 Oct 2009 17:53:00 GMT

Your site says that you "HATE SPAM TOO!" but your post says that you are here to push your product. Leave it to the late night infomercials. Selling dreams is wrong.

Wow, that's really an open ...

Mon, 19 Oct 2009 17:48:00 GMT

Wow, that's really an open ended question, so to speak. If you really want to be a real estate investor, I recommend educating yourself first before blowing away that cash.

You will find that most real estate agents and so called investors that are willing to help you, are just going to take your money to help themselves. Now I'm not saying they all will do that, but finding one that won't is like finding a great cash flow property; it takes time and knowledge.

Smart investors don't use their own money for real estate deals, unless they will be getting it back in some way very soon after their purchase.

Here are some tips;

Research where the jobs are headed in California and then start looking for property there.

Try to get the seller to carry the financing, most will not like this idea at first but if you structure the deal right they will grab it in a heart beat.

I like seller financing the best because if it doesn't work out, you didn't lose much and you can deed the property back to the seller.

Maher57,If your serious about ...

Wed, 29 Apr 2009 01:32:00 GMT

Maher57,
If your serious about investing in Real Estate here in California you will need to put 25 to 30% down depending on the type of property&purchase price in order to cashflow it. There are properties in Antelope Valley, Ca. I recommend you contact a good lender to see what you qualify for. Interest rates are higher for investment properties.
I work with a great lender if you'd like a referral.

Why are you only considering ...

Tue, 28 Apr 2009 03:15:00 GMT

Why are you only considering investing in real estate in California?

Hi Maher57,I specialize in ...

Mon, 27 Apr 2009 19:28:00 GMT

Hi Maher57,

I specialize in the Santa Clarita Valley and it would not be possible to buy an income property, with $30,000 down and have a positive cash flow due to our prices. Do you already own a home that you live in?

If you have not already done this, my suggestions would be:

1. Talk to a lender to get pre-approved. Please note that investment property requires a larger down payment than a home you would live in. You can purchase a home to live in for 3.5% down FHA, or no money down VA if you are a veteran.
2. Search the web, MLS, Realtor.com, etc. for homes in that price range. Then, interview Realtors to find out who you would like to have represent you. If you need a referral to a good Realtor in any area, please feel free to contact me.

Sincerely,
Sharon

I'm sorry, Maher57 want to ...

Sun, 26 Apr 2009 21:49:00 GMT

I'm sorry, Maher57 want to do the real estate investment, not to invest in the rental property.
Please, disregard to my post. ;-)

BTW, if you find a REA successful ...

Sun, 26 Apr 2009 21:38:00 GMT

BTW, if you find a REA successful at doing real estate investing for a living, why would he/she be interested in helping you? Wouldn't their time be better spent doing real estate investing?

That's what always cracked me up about Charlatan Sheets, Vu, Rich Dad, Poor Dad and all these other real estate flim-flam men -- if millions are gauranteed then why aren't they just doing that instead of spending millions on infomercials to try to get me to do that?

Ha, ha! There's a sucker born every minute.

The point is you education ...

Sun, 26 Apr 2009 21:11:00 GMT

The point is you education martket by yourself. -> The point is you education the market for yourself.

which is same with the house ...

Sun, 26 Apr 2009 21:09:00 GMT

which is same with the house you want to buy, and compare if it worth to do the investment. -> which is same with the house you want to buy, and compare the rental price if it worth to do the investment.