I'd call the listing agents involved and pepper them with questions about active and sold listings.
If I were looking to do my first real estate deal with zero prior experience and no money, here's what I'd do (I did).
I'd start with the target of buying a single-family, duplex, 3plex, or 4plex in an area close to where I lived and that I was familiar with.
I'd call the listing agents involved and pepper them with questions about active and sold listings.
I'd call local banks or mortgage brokers to get an idea of loan terms I'd be able to qualify for. Rate, Loan Amount, LTV, Term, Guaranty, etc.
I'd be building relationships with these bankers along the way.
**Be sure to ask them what options you'd have with an FHA loan, 3.5% down government backed.**
I'd drive the streets, search public city planning for the area, know every proposed & ongoing development, talk to all the listing brokers that have properties on the market
I'd be on Youtube watching FREE videos on how to model a property in excel.
I'd google search: How to make an investor deck?
Can't stress enough the "skin in the game".
Putting your thoughts on paper can be sobering.
I'd start talking to friends, family, or anyone who would listen about making an investment with me.
In 90 days, you'd be more of a market expert than you think.
You'd have conviction and confidence.
I'd then start cold calling every property that met my criteria and follow up with a letter offering to purchase.
Put in the extra work and use your license to find a deal and get a buyer's commission at closing, which can be used as equity in the deal.
Raising equity is not as hard as it seems and your first investor is likely betting more on you than the property.
Most crews show up early to get material before they head to their jobs.
The commission is roughly 3%, so it should be close to all you need.
You can use your license as well to list the property on MLS.
More from Business
This is a GREAT argument to pull up when talking to people about minimum wage. Some others nested below
A large number of new jobs being created are minimum to low wage, so looking for a new job generally won’t increase pay.
Raising minimum wage helps things not directly related.
Helps Infant mortality? Yup.
Lowers Suicide? Yup.
Reduce smoking rates? You bet.
It also boosts the local economy! Minimum to low wage earners spend more % of their money, so an increase means more is spent, often in community!
Low paying jobs are often in sectors which would gain from this. More people spending money in your shop makes your business more money! Now you have more profits and increased labor costs are covered.
"it doesn't affect me if companies pay low wages"
— Dan Price (@DanPriceSeattle) February 11, 2021
In reality, you're paying for it. Over 50% of people on food stamps are actively working. The leading employers are Walmart, McDonald's and Amazon.
As taxpayers, you're subsidizing corporations to pay literal poverty wages.
A large number of new jobs being created are minimum to low wage, so looking for a new job generally won’t increase pay.
Raising minimum wage helps things not directly related.
Helps Infant mortality? Yup.
Lowers Suicide? Yup.
Reduce smoking rates? You bet.
It also boosts the local economy! Minimum to low wage earners spend more % of their money, so an increase means more is spent, often in community!
Low paying jobs are often in sectors which would gain from this. More people spending money in your shop makes your business more money! Now you have more profits and increased labor costs are covered.
