Everything Else

Received a check today from my cash buyer for $1,000!! This was basically a bird dog fee because my buyer did the negotiation with the seller. All in all, it took approx. 1 hr. to do this deal. See the end of my journal (TeresaJo's Journal) for more details. Going to the bank tomorrow...

Hello everyone. I'm new to real estate investing and I'm looking to work for free or commission with an active investor who is making deals in the northern New Jersey area. If you don't have anything available, please feel free to give advice or knowledge to a 21 year old college student. I'm really just interested in getting to know you. If anyone wants to get coffee or or lunch to talk about real estate in general feel free to PM me. I'm looking to make business connections and just talk about real estate. Even if you aren't doing anything yet don't hesitate to join the discussion. Thank you and God Bless.

Tax liens are a great way for an investor with little money to get in to the real estate market. I often encourage a new student to buy a few liens so that they can start putting dollars to work quickly. The returns are very good, usually between 12% to 18%, and the redemption periods are often two years or less.

Where do I start? First of all, you need to find out if the state you are interested in sells tax liens. Some states only sell deeds. (That discussion is for another day.) You then contact the county that you are interested in buing a lien. The office you want to contact is often called the Tax Collector. Find out where a list can be found in order to look at available liens. You will usually make your purchase through this office.

Hey everyone,

I have a couple of properties in NC (Greenville and/Buttner area)if anyone is interested. One can be a fix and flip and the other is a turnkey.

I'm not sure if I posted this in the right area, but I just wanted to put this out there for any serious investors here. The fix and flip is in Buttner going for 58k and the Turnkey is in Greenville going for 74k and has been rehabbed already w/tenant in place. If any serious buyers would like more information on these properties do not hesitate to PM me and I will gladly give you my contact information.

Take care all and stay blessed!

~NickandGen

My tips and links page found here has links to find almost anything: Property values, funding, FSBO resources, websites to post your properties, landlord resources, tenant sceening and property owner search. Found here: http://tw4homes.com/tips-and-links.html

I taught school when I was a younger man. I often thought that there had to be new ways of doing things in order to be effective. I soon discovered that repetition did go a long way in helping a chid to leaarn.

You and I are the same way. Yes, it is fun to learn things in different ways and in different environments. However, I discovered that sometimes good, old fashioned repetition needs to be applied to get something done.

Whe you understand them, offers are not very glamorous. It mostly consists of filling in the blanks with information and numbers. However, offers need to be done each day. Get used to it. It is part of our business.

Do not go to bed without getting out your two offers. You will not regret it.

You pay $20,000 for a car and would not dream of giving someone near total control of when you can use or sell your auto. You would not let any one control your things and dictate when you could use or sell them. Why do it with a house that you are using for a rental property?

I was a college student the first time i bought a property. I took over a loan payment of $518.77 per month. My wife amd I spent $100 getting paint and materials for repairs in the downstairs unit. We took a weekend and cleaned the place up.

We then went out and found four other college students to rent our basement apartment. They each paid $125 a month rent. The total rent collected was $500 per month.

We live upstairs for $18.77 per month. Needless to say, my education focus began to shift dramatically.

It was the beginning of a great life.

I just worked a boots on the ground event. One of the most difficult items for the new investors in my group to get over was the vicious disease of analysis paralysis.

Every item needed analyzing. Every word needed to be researched. Study to every subject needed to be given.

All of this thinking requires hours of time and often freezes the investor keeping them from making offers.

Don't let this disease get a hold of you.

Put safety measures in place and do. Make offers. Make more offers. Get out and do the business. Don't think...just succeed. This is the only way to cure the disease. If you put contingencies in your contracts what would keep you from making offers?

Congress is pretty much in agreement across political lines that Fannie Mae and Freddie Mac must be reformed and lessen their involvement in the markets. Two new bills and a bunch of hearings are in the works. However, it’s probably “much ado about nothing,” at least in the short term. The many factors to be considered and debated are just too complex and the general consensus is that not much is going to get done any time soon.