I'm interested in investing in properties

Deborah profile photo

I know this question comes up a milliin times, so here it goes once more.

I am a Mortgage Loan Officer, and want to invest I know how to get around the financing end of it... but where do I look to find the right opportunity? confused

Comments(5)

  • JohnLocke26th July, 2002

    Deborah,

    Glad to meet you.

    It doen't matter if that question has been asked a trillion times. It is important to you.

    You have the basics being involved in the loan end of the business.

    There are areas of REI that one should have expierence in before becoming involved.

    Starting out I would recommend that you see if you can find someone in our industry that will talk to you about what they do, just the basics, then determine if it interests you or not.

    As a matter of fact, let me tell you how I buy.

    I buy Subject To, AITD, Wrap, so many different names. I deal mostly with people that need help in selling their house. Behind in payments, just want out, transferred, etc.

    I try to make it a win/win situation for everyone involved. If it isn't I won't buy the house.

    It is probably the least complicated way to become involved in creative investing.

    $Cash$

  • joel26th July, 2002

    Quote:
    but where do I look to find the right opportunity?

    Opportunity is all around you. You can find deals where you are in Orlando. What would be well worth it is to get a basic course that will teach you the basics. There are many mistakes that can be made in purchasing real estate. One of them is to get in over your head. First read our first article to find out how your credit is.

    http://www.thecreativeinvestor.com/Article1.html

    Then start looking for a great starter course that will help you for your first purchase. Personally, I started with Carltons Sheet's Course.

  • JOMEL12326th January, 2003

    Hey Deborah
    Newbie

    I am in Orlando too!! I am new at this too but I am doing alot of research on the subject ( about 7 months now)that maybe we can share and maybe work out a deal that is a win/ win situation. I am the research queen!!
    LET ME KNOW IF I CAN HELP IN ANYWAY. EMAIL ME... WE CAN WORK TOGETHER

  • REdiversifier26th January, 2003

    Deborah,
    Have you ever thought of investing in properties with others?

    If the building is structured as an LLC and later converted to a Tenants in Common you can still do a 1031 exchange when you want to cash out, and invest in another property. And you have the ability to buy buildings with much more security (bigger buildings mean less risks of vacancy, management companies deal with landlord issues etc.), in areas you wouldn't normally consider (but that may appreciate at a greater rate than your back yard.)

    If this sounds interesting, I know a great firm that puts together really smart deals. You get INTEREST on your investment annually AND all the normal tax write-offs you'd get buying a building all by yourself. (Mortgage interest, depreciation etc..) You can even invest with them and be the sole investor in a building AND do the financing!

    Jen
    j4metoo@yahoo.com
    I

  • Mlsjs26th January, 2003

    Hi Deborah i tried sending you a pvt message..not sure if you got it..i too am a mortgage loan officer..interested in foreclosure shortsales...i wanted to chat with you about this..if you want ill give you my email..

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