I'd call the listing agents involved and pepper them with questions about active and sold listings.
If I were looking to do my first real estate deal with zero prior experience and no money, here's what I'd do (I did).
I'd start with the target of buying a single-family, duplex, 3plex, or 4plex in an area close to where I lived and that I was familiar with.
I'd call the listing agents involved and pepper them with questions about active and sold listings.
I'd call local banks or mortgage brokers to get an idea of loan terms I'd be able to qualify for. Rate, Loan Amount, LTV, Term, Guaranty, etc.
I'd be building relationships with these bankers along the way.
**Be sure to ask them what options you'd have with an FHA loan, 3.5% down government backed.**
I'd drive the streets, search public city planning for the area, know every proposed & ongoing development, talk to all the listing brokers that have properties on the market
I'd be on Youtube watching FREE videos on how to model a property in excel.
I'd google search: How to make an investor deck?
Can't stress enough the "skin in the game".
Putting your thoughts on paper can be sobering.
I'd start talking to friends, family, or anyone who would listen about making an investment with me.
In 90 days, you'd be more of a market expert than you think.
You'd have conviction and confidence.
I'd then start cold calling every property that met my criteria and follow up with a letter offering to purchase.
Put in the extra work and use your license to find a deal and get a buyer's commission at closing, which can be used as equity in the deal.
Raising equity is not as hard as it seems and your first investor is likely betting more on you than the property.
Most crews show up early to get material before they head to their jobs.
The commission is roughly 3%, so it should be close to all you need.
You can use your license as well to list the property on MLS.
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THREAD PART 1.
On Sunday 21st June, 14 year old Noah Donohoe left his home to meet his friends at Cave Hill Belfast to study for school. #RememberMyNoah💙
He was on his black Apollo mountain bike, fully dressed, wearing a helmet and carrying a backpack containing his laptop and 2 books with his name on them. He also had his mobile phone with him.
On the 27th of June. Noah's naked body was sadly discovered 950m inside a storm drain, between access points. This storm drain was accessible through an area completely unfamiliar to him, behind houses at Northwood Road. https://t.co/bpz3Rmc0wq
"Noah's body was found by specially trained police officers between two drain access points within a section of the tunnel running under the Translink access road," said Mr McCrisken."
Noah's bike was also found near a house, behind a car, in the same area. It had been there for more than 24 hours before a member of public who lived in the street said she read reports of a missing child and checked the bike and phoned the police.
On Sunday 21st June, 14 year old Noah Donohoe left his home to meet his friends at Cave Hill Belfast to study for school. #RememberMyNoah💙
He was on his black Apollo mountain bike, fully dressed, wearing a helmet and carrying a backpack containing his laptop and 2 books with his name on them. He also had his mobile phone with him.
On the 27th of June. Noah's naked body was sadly discovered 950m inside a storm drain, between access points. This storm drain was accessible through an area completely unfamiliar to him, behind houses at Northwood Road. https://t.co/bpz3Rmc0wq
"Noah's body was found by specially trained police officers between two drain access points within a section of the tunnel running under the Translink access road," said Mr McCrisken."
Noah's bike was also found near a house, behind a car, in the same area. It had been there for more than 24 hours before a member of public who lived in the street said she read reports of a missing child and checked the bike and phoned the police.