Be a Real Estate Millionaire

Obviously after i research my area and find a property i like, what do you experienced investors advise to someone like me who is new at this, given my financial status.

I currently put the national market in a down cycle, from my perception that is, but my local market i would consider to be in an up cycle (half and half in an up/bottom).

Houses in my area go for anywhere between 300-500k+. I was thinking of maybe signing up for one of those foreclosure sites to get a listing in my area (unless there are free ones, but i dont know of any).

Hello again all.

I am having difficulty with this part. I notice Dean keeps on mentioning something along the lines of "...now i know the property is worth more than the asking price so..." but how does he come to that conclusion.

The only thing i can think of is getting it appraised. Me being completely new to this, wouldnt that cost money? If so, and you find out the its right around the asking price or possibly even lower, wouldnt that be a waste of money?

Hello all. I am very new to this and I am stuck for the first time. What is the best website or best way to go about on seeing the present and past interest rates?

I went to federalreserve.gov and they list a lot of things. For example, the interest rates of Commercial Paper, CD's and US Gov Securities, so I assume I am looking for something like Mortgage or am I incorrect in stating this?

Any help would be greatly appreciated.

Thanks
-Michael

Hi, Im new here I just found this site, after watching a segment on t.v. I am very interested in real estate, but im a junior in college I have good credit, but i work a small part-time job i dont know if i can be successful taking on an endeavor like this. Is it possible for me to make some money if im not buying the houses and flipping them, are their other methods to capitalize on deans methods.

Page 215 of 'Be a Real Estate Millionaire.
I do understand that there are 2 types of foreclosures; Judicial and nonjudicial, but can someone tell me what this means?

What does he mean by 'mortgage state' and deed-of-trust state?

I am going through Dean's 30 day fast start audio series and in the second one he says that I should have listened to his 15 minutes to Fulfillment audios. I never received any and I can't find them on this site?
I did a search but it came up with nothing.
Can anyone help?
I brought his book. Was I supposed to get these with the book or emailed to me or some other way?

ok, so i have never done any real estate anything before. i have about $2500 in free cash. i have heard alot about tax leins and flip flopping,also what i see is that doing the finder fee thing is better for beginners. i have a good credit score, but one thing i think may hold me back is that im 20 years old. i really want to get involved, so that i can go to school and not have to work a job while doing that. i dont need to pay for school, since the army is paying that, but i do need money to pay pay bills and such while im in school.

I believe that houses appreciate annually (I'm sure I read that in Dean's book!).

1. Is this a solid fact? House/propertys never lose
value?

2. What is the average percentage of increase in
value or does it change from state to state, area
to area?

Thanks for your help with this!

Page 171 - Adjustable-rate versus fixed-rate mortgages.