Which is the best phase of real estate to get started in?
Submitted by: see see
Is it short sale preforclosure: Tax lien certificates: Buying forclosures; or just investing and flipping houses? Or should i tyr John Becks 39.95 package deal called pennies on the dollar buying tax fofietied houses? On a scale of one to ten which is the best of the list i just mentioned?
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October 8th, 2008 at 3:19 pm
I loved johns 39 dollar course it was a nice deal for 39 bucks. however his hard up sell to a boot camp you might consider skipping its expensive, That is by far the biggest bang for your buck. Another book on the subject is by Larry Loftis called : Profit by Investing in Real Estate Tax Liens.
I like buying property at tax deed sales they are really cheap.
I have been ebaying them when I get them for fast cash. the nice ones I hold and maybe some day I will give em to next of kin when I am gone. Let them enjoy.
The flipping game has evaporated as the housing bust has taken full hold so I would skip that game for a couple years.
I like the tax lien and deed sale investing the best and believe you get the greatest returns here. Learn to do title work and you can make a lot of money.
The other authors in this business I like are Dave Lindahl Ron Legrand and Russ Whitney they have great commercial investing courses. These guys teach apartment investing, wholesaling and commercial investing.
I don’t do boot camps they are just too expensive but i have a pretty big library of courses that have helped over the years of investing.
Hope this helps you
October 10th, 2008 at 1:13 pm
We, my spouse and I, both worked for clients that flipped homes. Bought at cheap prices, put the top value material in them and resold them or, rented them.
I was always told, use your own judgment, do the best, we made good money for both us and, the owners.
You have to be careful of renting, better to lease for two to three years, no kids, there are ways around the bias of whom you can rent to.
Only to people with long term job, good references. After all the yelling and screaming, out of 125 homes and, 75 condos, we still had one to three forced evictions a week. We did go the limit for everyone, up to three months back rent. These are hard times.