Questions for real estate investors

Those are broad questions. Ask 50 different people and get 50 different answers.

Real estate is very local. A strategy that works in my neighborhood may not work in yours. The popular news really isn't much help, they generalize waaaaayyyyy too much.

I will leave the creative financing thing to others to describe. Some of the things I am hearing/seeing not quite sure of the legalities of some of it in my state.

The most common method of getting started with no money is to find deals, get it under contract, and flip them to other investors, bird dogging. I, personally, get several calls a month from bird dogs in my market. I have yet to buy any that they are trying to flip. Not a big fan of bird dogs lately.

What type of investment to start with depends on what you want the investment to do. You can get started flipping mobile homes, Lonnie Deals, for little money. You build a cash flow stream, no appreciation.

You can buy a small apartment building and aim for cash flow and appreciation. You can buy a 4 plex(quad) and finance it owner occupied for 3% down with some FHA programs.

I buy and hold because I'm lazy. I work on buying the unit(s) at the right price. get them up to my standards and get them cashflowing. I don't want to sell them if they are performing. Just my style, may not work for others.

Sounds like you have a lot of homework to do before pulling the trigger.

Good luck.

Source: http://www.thefastlaneforum.com/real-estate-investing/43027-questions-real-estate-investors.html

ray charles cheney heart transplant weather san diego unitarian new black panther party lost in space elizabeth banks