Thread: Seeking Real Estate Advice For A 23 Year Old!

go to a REI club in your local area and you can get more details on investing.

There are many ways to make money in real estate.

A library is a great place to start.

1. Purchase homes for 50 percent of value
2. Find properties where the mortgages will be 1/3 of current market rents

Renting out " Leasing " will bring you additional monthly income.

If you find good investors in real estate, they can give you 15-20 percent return on your money.

So there's more to this but here is a good place to start.

I don't know about Dallas in particular, but in general I don't see prices shooting up. That being said, now is a really time to purchase a home in certain markets. I think the important thing is to be conservative, make sure you have nice down payment and can easily afford the mortgage payment.

Don't hesitate any longer, get out there and buy a home. Take advantage of the $8,000 tax credit before the end of November. Things to consider: Pick an agent that will take the time to work with you, answer questions and never give you any pressure or timeline to buy. Get pre-approved for a mortgage. Know what you can afford before you shop. A good lender will help you take an honest look at your budget. Create a list of wants and needs for your new home. No home will be perfect. Decide what is important to you, and make sure you find a home that has the features you need. Be prepared to compromise on some of the items.Start a search for homes with your agent and get out looking. Your agent will be able to start you on a search and send you homes for sale to your e-mail on a daily or weekly basis.