Another important thing to remember in real estate investing is to keep your risks proportionate to your ability to absorb these risks. Make an investment only when you are financially capable of it. For instance, a person who is accumulating assets can take higher risks than, say, a retiree.
Maybe I’m wrong; perhaps these zero-cash-down deals do occur (I am not privy to all of the universe’s information). But I would wager that they don’t occur nearly as often as the get-rich-quick seminars would have us believe.
B. Online networking opportunities through an active message board. This means you have a place to go and ask a question to the group and get multiple responses in between meeting times.
Private investor: Again, do a Google search on “private investor” or “money partner”. Or join a real estate invesment club in your local area. Somebody there will have connections to a private investor who would be willing to lend you money in exchange for a percentage of the profits.
Perhaps one of the most important steps when getting a home loan is comparing costs, fees, features, flexibility options etc from one lender with others. This helps you understand the complexities and terms better, while giving you scope for negotiation.
Then one day, I had the idea that I should probably invite the Burger king guy, too. He was also in Atlanta, and he covered exactly the same territories–the same seven states. Burger king accepted the invitation, and their organization came down for the special purpose of giving their side of the story, knowing full well that the McDonald’s guy was doing the class, too. So, I had McDonald’s guy come on Tuesday, while Burger King came on Wednesday.
Let’s recap what a traditional realtor sale encompasses so we can then compare it to private property sales. First, you would ideally interview 3-5 realtor agents to make sure you are comfortable with one that understands both your individual needs (fast cash, minimum net, short sale, etc.) as well as your neighborhood. Then you sign your exclusive listing agreement and your realtor starts marketing your property through, ideally, all potential outlets to find a buyer. This includes listing the property on the local MLS (multiple listing service), posting a sign out front, advertising in the local paper and, of course, everywhere possible online: business page, social media sites (Facebook and Twitter), perhaps a YouTube video walkthrough and more.