problems you all face when buying property?

**belieber** · 07-13-2011, 07:24 AM

i am planning to purchase my first ever property....for investment purpose

im confused about the legal parts as well as bank loans...any advice?

**Greg** · 07-14-2011, 07:35 AM

you need to have some professionals working for you.

Talk to some local lenders and some real estate agents. it won't cost you any money to talk to some local lenders and they will be able to show you how much you can borrow.

You can also get a buyers agent who will work for you for free. They get paid by the seller. Do not sign a buyer agency agreement until you are sure you like and trust the agent enough to work with them and make sure there is not a clause in the buyer agency agreement that makes you pay if the seller does not pay the agent enough money.

**laura.alamery** · 07-14-2011, 10:14 AM

If you really want to get going fast in real estate, minimizing the risks and problems of a new investor, definitely get together with an experienced investor and mentor, more than a real estate agent.

Especially nowadays, you want to follow the ones that are actually making it out there. You might have to pay a little upfront, but the learning curve could be shortened and the money will start to come in much quicker.

**MarticiaLancaster** · 07-14-2011, 07:20 PM

Not only that, before you completely engage in real estate investment, read and learn first.. Check out the top reasons why real estate investors fail on the internet to find out what I am trying to tell you.. You have to be well in educated and updated about everything in the real estate industry.

**portland real estate** · 07-14-2011, 11:28 PM

You should talk to professionals, Realtors, Mortgage Brokers, and ask lots of questions. I'd also suggest doing some reading, something like Amazon.com: Home Buying For Dummies, 4th Edition (9780470453650): Eric Tyson, Ray Brown: Books