Comments on: Sink or Swim – Tips For Getting Started In Real Estate Investing http://www.biggerpockets.com/renewsblog/2008/06/29/sink-or-swim-tips-for-getting-started-in-real-estate-investing/ Learn, Network, Invest Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Rob Blakehttp://www.biggerpockets.com/renewsblog/2008/06/29/sink-or-swim-tips-for-getting-started-in-real-estate-investing/#comment-58354 Rob Blake Sun, 13 Jul 2008 14:57:19 +0000 http://www.biggerpockets.com/renewsblog/?p=1074#comment-58354 Samantha,Glad to hear you are interested in REI, but I must say the "pre-sale condo" scam has been around for a long time.I'd re-think that direction if I were you. Stick with single family homes in blue collar neighborhoods with solid construction. Plan to hold the property virtually forever.Pay down the mortgage as quickly as possible to get all the benefits of cashflow all the while honing your landlord skills.REI is for the long haul...not the quick buck. All those "pre-sale condo" scams feed on ones desire to "get in early" and sell for a "fat profit" when we "open it up to the public"...it's rubbish.Good Luck! Samantha,

Glad to hear you are interested in REI, but I must say the “pre-sale condo” scam has been around for a long time.

I’d re-think that direction if I were you. Stick with single family homes in blue collar neighborhoods with solid construction. Plan to hold the property virtually forever.

Pay down the mortgage as quickly as possible to get all the benefits of cashflow all the while honing your landlord skills.

REI is for the long haul…not the quick buck. All those “pre-sale condo” scams feed on ones desire to “get in early” and sell for a “fat profit” when we “open it up to the public”…it’s rubbish.

Good Luck!

]]> By: Samantha Mhttp://www.biggerpockets.com/renewsblog/2008/06/29/sink-or-swim-tips-for-getting-started-in-real-estate-investing/#comment-58344 Samantha M Sun, 13 Jul 2008 02:01:46 +0000 http://www.biggerpockets.com/renewsblog/?p=1074#comment-58344 I'm just a student, but i'v been trying to get into the real estate game myself. My current focus is to try to purchase some condos before they go on sale to the public. I currently have reserved one condo which I reserved in phase 2 but that was almost one year ago and the builders have still not begun construction. There are alot of delays and my agent is not really telling me anything useful. I'm hoping this goes through and starts me off on my real estate journey. I’m just a student, but i’v been trying to get into the real estate game myself. My current focus is to try to purchase some condos before they go on sale to the public. I currently have reserved one condo which I reserved in phase 2 but that was almost one year ago and the builders have still not begun construction. There are alot of delays and my agent is not really telling me anything useful. I’m hoping this goes through and starts me off on my real estate journey.

]]>