Comments on: How to Reduce the Risk of Doing Your First Deal… http://www.investing-secrets.com/risk-management-for-beginners/ The Naked Truth About Investing in Real Estate Tue, 15 Nov 2011 01:18:59 +0000 hourly 1 By: Charles @ Police Exam http://www.investing-secrets.com/risk-management-for-beginners/#comment-4628 Charles @ Police Exam Sun, 14 Jun 2009 16:22:11 +0000 http://www.investing-secrets.com/risk-management-for-beginners/#comment-4628 Myself and a friend had some extra money we earned and we wanted to invest it into real estate. He wanted to put the least amount of money down, so we could buy up as much property as possible - whereas I didn't want to buy off more than I could chew. I was able to convince him that we should only buy a few properties because the equity is still there. We could see what it was like and if it was fine, we could use the equity to get other properties. Myself and a friend had some extra money we earned and we wanted to invest it into real estate. He wanted to put the least amount of money down, so we could buy up as much property as possible – whereas I didn't want to buy off more than I could chew.

I was able to convince him that we should only buy a few properties because the equity is still there. We could see what it was like and if it was fine, we could use the equity to get other properties.

]]> By: scott http://www.investing-secrets.com/risk-management-for-beginners/#comment-1509 scott Sat, 24 Jan 2009 14:44:26 +0000 http://www.investing-secrets.com/risk-management-for-beginners/#comment-1509 Finding a reputable real estate professional is tough tough these days since our industry has been tainted by greed. Example: As of today, I can name about 10 agents off the top of my head promoting condos for STRAPPED developers. Realtors negotiate a 10% commission and add in 3 year leasebacks INCLUDED in the price. First off, anyone offering 3 year leasebacks today should have their license revoked. Those agents prey on newbies in the business and a good salesman can actually sell those POS. Finding a reputable real estate professional is tough tough these days since our industry has been tainted by greed. Example: As of today, I can name about 10 agents off the top of my head promoting condos for STRAPPED developers. Realtors negotiate a 10% commission and add in 3 year leasebacks INCLUDED in the price. First off, anyone offering 3 year leasebacks today should have their license revoked. Those agents prey on newbies in the business and a good salesman can actually sell those POS.

]]> By: Scott Roemermann http://www.investing-secrets.com/risk-management-for-beginners/#comment-377 Scott Roemermann Tue, 09 Sep 2008 09:55:09 +0000 http://www.investing-secrets.com/risk-management-for-beginners/#comment-377 Please see my reply to this question here: http://www.investing-secrets.com/deal-or-no-deal/ Please see my reply to this question here:
http://www.investing-secrets.com/deal-or-no-deal/

]]> By: IRA WILLIAMS http://www.investing-secrets.com/risk-management-for-beginners/#comment-368 IRA WILLIAMS Sun, 07 Sep 2008 00:51:40 +0000 http://www.investing-secrets.com/risk-management-for-beginners/#comment-368 Dear Scott, There is a property that I am really interested in. I would like to take action to put it under contract. This will be my first deal. How do you go about purchasing Multiple Properties? example: This is a 5 House Package ( 5 Houses can be purchased for $8K)If I buy them all,I can get a bonus of a $245,000 uptown condo for $204,000. These condos are still under construction and the option was bought for $10,000. The five house package buyer gets this $51,000 value equity pack for free! Also, this is a "wholesale/assignment" deal that requires all cash. I would be dealing with another investor. Now, this truly appears to me to be an exceptional deal! Nevertheless, I need to do my due diligence; I also need a private lender to secure funding for this deal; in addition, I need to structure this deal with an "exit strategy" Scott, what real estate strategy (ies) would you recommend that would help me get this property under contract? An immediate response would be greatly appreciated. P.S. Any suggestions for finding reputable private money lenders or hard money lenders? Dear Scott,
There is a property that I am really interested in. I would like to take action to put it under contract. This will be my first deal.
How do you go about purchasing Multiple Properties?
example: This is a 5 House Package ( 5 Houses can be purchased for $8K)If I buy them all,I can get a bonus of a $245,000 uptown condo for $204,000. These condos are still under construction and the option was bought for $10,000. The five house package buyer gets this $51,000 value equity pack for free! Also, this is a "wholesale/assignment" deal that requires all cash. I would be dealing with another investor.
Now, this truly appears to me to be an exceptional deal! Nevertheless, I need to do my due diligence; I also need a private lender to secure funding for this deal; in addition, I need to structure this deal with an "exit strategy"

Scott, what real estate strategy (ies) would you recommend that would help me get this property under contract?
An immediate response would be greatly appreciated.

P.S.
Any suggestions for finding reputable private money lenders or hard money lenders?

]]> By: Scott Roemermann http://www.investing-secrets.com/risk-management-for-beginners/#comment-255 Scott Roemermann Thu, 07 Aug 2008 21:53:29 +0000 http://www.investing-secrets.com/risk-management-for-beginners/#comment-255 <p>Michelle, That's exactly what I've observed too. People either freeze to the point of never doing their first deal because they are so worried about the risks or they take a leap of faith, which sometimes works out and sometimes it doesn't. I hope that by providing this information, people are able to find a sensible, happy middle-ground where they can take action in an intelligent, informed way thereby improving the success rate for beginners. Scott.</p> Michelle, That's exactly what I've observed too. People either freeze to the point of never doing their first deal because they are so worried about the risks or they take a leap of faith, which sometimes works out and sometimes it doesn't. I hope that by providing this information, people are able to find a sensible, happy middle-ground where they can take action in an intelligent, informed way thereby improving the success rate for beginners. Scott.

]]> By: Michelle@Real Estate Marketing Blog http://www.investing-secrets.com/risk-management-for-beginners/#comment-254 Michelle@Real Estate Marketing Blog Thu, 07 Aug 2008 17:16:15 +0000 http://www.investing-secrets.com/risk-management-for-beginners/#comment-254 Those are some great tips for getting into real estate investing without losing your shirt or getting into legal trouble. Most of the would-be investors i talk to are so worried about legal problems and/or not being able to sell the house again for profit. Others just jump right in, which isn't always the smartest decision either if you don't know enough about it! Those are some great tips for getting into real estate investing without losing your shirt or getting into legal trouble. Most of the would-be investors i talk to are so worried about legal problems and/or not being able to sell the house again for profit. Others just jump right in, which isn't always the smartest decision either if you don't know enough about it!

]]> By: Brazil Property http://www.investing-secrets.com/risk-management-for-beginners/#comment-252 Brazil Property Tue, 05 Aug 2008 11:52:20 +0000 http://www.investing-secrets.com/risk-management-for-beginners/#comment-252 Your lesson is great for peoples are new to the real estate business or trying to make a transaction independently. Risk reduction tools and techniques section the most valuable part of your post. Your lesson is great for peoples are new to the real estate business or trying to make a transaction independently.

Risk reduction tools and techniques section the most valuable part of your post.

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