How to make an offer as a Realtor, on personal investment Property?
93556
Typically you would just disclose that you are a licensed real estate agent acting for your own account, and plainly state that information in the offer.  However, you should check with your state's real estate commission for any specific requirements.
570334
inquire-- that is just a question! If you are looking to acquire investment property the process is about the same as any purchase. Depending on credit, capacity, and the collateral every purchase is different. Your appraisal will have to have a rental page filled out and you will be required a much larger down payment as well as reserves. The application must show as investment property rather than owner occupied intentions. Many first time investors will buy the home as owner occupied and place their current residence into the rental market so they get better pricing on the mortgage. That is assuming you are not paying cash for the new purchase. \nGood luck to you!
683566
Start looking in the daily newspapers who is selling and who is buying,etc.  You have to zero in on what sort of real estate you want to trade, whether it is commercial or residential.  You may stick to residential to start with and that too your own nearby areas.  Keep a record of who is selling and buying.  In the U.S. there are specific courses to practice as a Real Estate Agent.  Moreover, have a commission declaration form ready.  In fact you can start simply by stating that you want to sell your premises and see how the others are doing.  Good luck.  As soon as you have become successful send me a thanks note !!!
872253
Try these..\n\nhttp://www.realtybid.com/home/home.cfm  You can even sign up to have new listing e-mailed to you as they come on the market in your area..BUT a Realtor has to actually bid on the properties for you..\n\nhttp://www.ocwen.com/Home.cfm  this is the VA repo web site..\n\nYou might also contact a few of your local Realtors and have them e-mail you listings that come up..
1094143
Buy on land contract, or rent-to-own.
329174
Our bank even offers 100% loans on Investment Properties.\n\nThey are a little more difficult to qualify for, but they are there.\n\nAlso, the interest rates start going up after the 80% mark, so if you are looking for a "cash flow" property, the 100% loans may not work well for you.  It depends on what area you are in and how much you are buying the house for.\n\nIf you are looking to flip the property in a short time, then who cares about the rate.  Just get in, get out and take your profit.\n\nThanks,\nGreg
719240
Find an agent listing and selling similar homes in the area.\n\nPrice the property so buyer's feel they are getting a good deal.\n\nPay a bonus to the buyer's agent\n\nHave the home professionally staged.\n\nAllow the listing agent to place a lock box on the property to maximize the number of showings.
707692
Here is the best advice you will recieve. \nBefore you even step foot into a realtors office I would suggest you get approved for a mortgage. You can get an official approval, competitve rates and programs at my company site www.JustGetALoan.net. Getting approved does two major things for you: 1 it lets the realtor know they have a real client, I know it sounds lame but they will treat you 100% better when you have been approved. 2) Being approved gives you buying power. Imagine you were the seller if you wanted to sell your home for $300,000 and i walk up to you and said Ive been approved for $285,000 and can close within weeks they are more willing to take that official offer than trying to hold off for people who they do not know they can really buy the home. This creates a better situation for you becuase now you have equity or money in the home. If you would like further assistance feel free to contact me at 866 530 7300 ext 7305 or email me Jenold Freeman at jfreeman@justgetaloan.net
1172253
Easiest way to get it follow the advice they've already given you here. Either on line or with broker's company and you'll have it in a few months.\n\nThe RIGHT way, study & get eduated!\n\nI would NOT suggest you take ANY classes from ANY RE company because all they teach you is to memorize certain things and memorize the questions so you can answer them correctly during your exam. This way you can start making money for the company.\n\nI personally think you will be doing a diservice to the community if you go this route.\n\nI suggest you research your local community college or University that offers these classes. The instructors there DONT have a financial interest on you passing the exam so you can make them money. These instructors are either currently in the business or have been in the business before.\n\nAfter you get your license there are still classes you can get at school.\n\nFor EXTRA information, the training classes your local Association of Realtors offers or may be even your RE company, they will teach you about the contracts & more.\n\nSo all and all study and get the right education.
633093
Contact a Realtor and have them call the seller.  They will negotiate their own commission with the seller.  The agent will have access to the necessary documents and contacts to complete the sale.
713257
To begin with, most provinces require that property managers require a real estate license specializing in property management if you are dealing with homes that you do not personally own. I also believe that you would have to hold, or work under the umbrella of someone that holds, a real estate broker's license. Most provinces require that you hold a real estate license for at least 2-3 years before you can get your own broker license. Check with the Ontario Real Estate licensing body... any local real estate office could give you the phone numbers for licensing requirements.\n\nNext, you will need to carry Errors and Omissions insurance, which is usually mandatory for all licensees. This will help protect you for eventual costly mistakes. It is usually about $300/yr.\n\nYou would need a contact management software program as well as a property management client program. Also, a separate trust account is likely mandatory.\n\nAnd last, but for sure not least, if you want to make money... lots of money... learn to prospect for clients. The least expensive, most efficient, is where you actually talk to potential clients instead of sending out ads or print advertising... Obviously, I'm refering to finding landlords here, not tenants. Search the old classifieds and ads. Ask all of the Realtors in the area who they know that have tenant occupied properties. Pay special attention to out of town/province landlords. Another source would be vacant properties for sale... and overpriced listings. Maybe they'd rent them out instead of selling. \n\nThis is just the technical start-up... you should also have some business sense, a good accountant, a location, pager/cell phone, etc. Office supplies, including a photocopier are important too. Good luck!
1159268
you can offer anything you like.   And no you cant use your VA loan to purchase rental property. Its for your primary residence only.  Just keep that in mind Big dog.  Now  as for the offer. If I asked for 477K and you offered me  417,  I would assume you arent serious.   And move on to my next offer.   But thats just me :D
136064
It depends on where you live. If you live in a city that has a subdivision of "Craigslist", which in NY is newyork.craigslist.com (check www.craigslist.com ) and then go to the rightside of that main page to see if your city is listed. If so, click on that city, and then enter in your listing under "homes for sale".\n\nPut in as much information as you can. Put in pictures on the ad. Have an open house on a sunday from say 1:00 - 2:30 PM. Make sure you get everyone's phone # and e-mail address before they leave your home! Make sure you find out what the buyer wants before they come to your home! If they're looking for a 3-bedroom thats 1200 square feet and a 2-car garage, and you have a 4-bedroom that is 1500 square feet, with no garage, tell them this, so that you won't waste you rtime and theirs.\n\nTo get a price in mind to sell your home at, go to www.realtor.com and enter in your city's info, and search for similar homes.  Price your home accordingly.\n\nWhen you get offers, find out what % they can put down, when they can close, and how much they make, and where they live now and how much they pay.\n\nConsider all offers, because someone that offers less than you're looking for, but can put down 20% is much more likely to get a loan than someone that offers a higher price but can only put down 3% or so.\n\nAfter you get that all set, or even before, look for an attorney to do the paperwork for you. Very simple. So, you do NOT need a realtor to help you!! I've sold 2 of my homes this way, and saved obviously a bundle. \n\nGood luck!
923890
There are a lot of scammers out there, so-called real estate gurus who will sell you a program outlining how to buy and sell real estate using absolutely no money, but those schemes are unrealistic, almost impossible, and illegal in many states.\n\nDepending on your credit and income, you can qualify for a no down payment loan for an investment property and the seller can contribute up to 2% of the sales price towards your closing costs. So you would need some cash for closing, depending on the sales price.\n\nRick\nwww.fairwaymortgagelending.com
846042
Go to real estate offices to tell Realtors about yourself and the products your company offers.\n\nThere's a catch though......\n..... you must actually know what you're talking about, and have a product to offer that is more difficult or more expensive elsewhere.\n\nIf you are a newly licensed loan officer, or all you've done up until now is re-fi's and home equity loans and you don't really know yet how to do purchase loans,  then you  may try approaching newly licensed agents and teaming up with them.  Both of you will be eager and willing to work harder for your first few deals, and both of you will understand that you both need to be going to your respective brokers for advice and confirmation on things.
954760
Probably you may want to list it on the Web.\n\nIf it is not a one-shot situation: as in you are renting-out units, consider building your own site. A resource for this  is: http://selling-a-service.first411.com\n\nSorry - but you need to be more specific in your question so i took the liberty of sharing 2 possible options.\n\nHope this helps you. Good Luck!
1177220
First off, your inquiry  is  multiple questions in one... However I would  try and answer as many as possible to the best of my abilities\n\n1.  Anything is possible but there is no guarantee you would earn 40 to 50% on your R/E investment. It would also depend which real estate market you're interest/investing in. For example in California where property values traditionally return higher dividends to investors than the rest of the country, in a relative hot market the norm is between 20 to 30%. Presently the real estate market nationwide is flat... In short--there is no guarantee....\n\n2. Cant answer this questions...it varies depending on services rendered\n\n3. No need to prove source of funds....\n\n4. I dont think so....\n\n5. Again, anything is possible. In fact there are companies that specialize in doing just that.  I personally dont like the idea for I like to have control over my investments..too many people, even with a legal contract, too many headaches. \n\n6.  Buying a piece of property, once you have identify  market and property to purchase, is a relative simple task...at lest for american citizens it is.  Now to roganize a group of investors I suppose it would be more expensive and time consuming. \n\n7. that's utterly up to the individual investor....\n\n8. It's possible but it depends on lots of factros; location, market, price, etc. It's possible but no guarantee...\n\n9. There are too many, complex  tax rules to give a simple answer... I would suspect that capital gains, specially if you are a foreign investor, could be in the 25%, give or take.\n\nI hope I were able to give you a ball park answer to all your questions. My honest advice to you: Consult with an international real estate attorney before investing. Best of luck.