Foreclosures

**suissegirl** · 06-22-2009, 06:25 PM

Hi,

This is Saira. I am not in real estate as of yet; however, I have been thinking about investing in real estate. Since I am just a college student right now and have never bought a home before, I didn't know where I should start from. I have been saving up and would like to start with buying foreclosed houses, but I don't know anything about it. At first I thought I would get real estate license and then after a while I would start investing in real estate. But, I don't think I would have enough time with my jobs and school. Could someone tell me if I should directly start investing or should I start working as a real estate agent and kind of get the hang of it first? I was looking at some training material online; foreclosure.com has some good information, I think.

Thanks!

**Dallas Broker** · 06-24-2009, 12:45 PM

you don't need your real estate license to be successful in real estate investing, but it does help you to learn the backend of how everything comes together. Regardless, now is a great time to invest in a property. I would do your research and find a property that has some built in equity and potential for appreciation in the near future. Work with a realtor in your area and let them know you are considering pursueing a career in the field. They will make a little money and hopefully hold your hand through the purchase process. You gain a little knowledge and they will make a little money...you both win, esp. you down the line if property you secure ends up appreciating and make you a little money.

**suissegirl** · 06-24-2009, 08:55 PM

Thanks! Can I go to any Realtor or do I have to go any Realtor? Also, how can I find a good realtor? Should I look 'em up on Yellow pages or should I just go to any company's website and find out through them?

**suissegirl** · 06-25-2009, 05:34 AM

I meant or do I have to go to a specific foreclosure realtor?

**Dallas Broker** · 06-25-2009, 08:35 AM

I would try and find a realtor that specializes in foreclosure in your area. A foreclosure specialist should be able to guide you through the process and help you find some potential properties in the area. One way to find a good prospect is to search online....possibly with keyword "city foreclosure agent" or something along that line.

**suissegirl** · 06-25-2009, 07:36 PM

Thank you so much. That really helped

**shubh** · 07-02-2009, 06:57 AM

[COLOR=teal][FONT=&quot]Now the situation is different than it used to be some yrs back. I wouldn

**suissegirl** · 07-02-2009, 09:35 AM

I looked up an agent online in my area; she has a good explanation of everything related to real estate and she sells foreclosed houses as well. I am thinking I am going to have to apply for a loan. I have some money saved; however, I know it is not going to be enough. I was thinking about buying a foreclosed property and then either subletting it or selling it. If I have a loan, how would that work? I just wanna gain as much information about foreclosure investing as I can, so when I go an agent, I know what I am doing.

**marlinark** · 07-10-2009, 09:14 AM

While I am not a fan of the whole "economy" aspect. I would still be very careful when jumping strait into a investing market at this point in time.

**MovingCareers** · 07-24-2009, 01:01 PM

This is a really helpful blog post that has a slideshow presentaion and notes from a breakout training session at KW's Family Reunion 2009 called SHIFT: Mastering Short Sales. Hope it's helpful!

SHIFT: Mastering Short Sales