Newbie Investor

3 Replies

Hello!

I am a newbie looking to close my first deal. After some searching around I found and put in an offer on a foreclosure. Currently it has multiple offers and the bank/owner is asking for our best and highest offer. Hoping to get some advice from someone more experienced in foreclosure buying and real estate investing overall.

I am also taking classes for a Texas real estate license. I had been previously licensed in NYC. What a world of difference!?!?

I am looking to buy and hold properties with enough equity in them to help fund the purchase and/or repair of a duplex or other multi-family property. Also looking to network with people in all facets of the real estate industry, learn, grow, help and support in any way that I can.

Thanks for taking the time to read and much success in all ventures.

 @Aacoa Glaspie I would suggest making your highest and best offer that still fits in with your numbers that make the deal profitable for you. Don't get caught up in a bidding frenzy. If you lose the property there are a million others just like it. It's not a big deal. The value is in the education you take from it.

Good luck on your real estate license exam, feel free to reach out if you have any other questions :)

@Aacoa Glaspie

Welcome to the BP family! You came to the right place to learn all about real estate investing! Here are some recommendations for you:

Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

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Wishing you the best!

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