All Forum Posts by: Alex Aronson

I never ask to reduce the commission of the agent. I rather have the agents greed by getting both sides of the commission to work for me by telling the seller this is the best offer you are going to get in the current market. If the agent does not, and I end up walking away, the next guy that comes around who does have an agent ends up reducing the sellers agents commission via shared split.

However, you should ask for anything you want in a contract. If the agent says the seller will not accept that, have the agent present the offer and to have the seller sign a document saying they saw the offer and are declining it. I had to threaten the sellers agent before with a complaint to the local realtor board for not wanting to present my offer.

Happy investing.

First of all, thanks for serving, knock off a terrorist while your over there, and come back in one piece.

Secondly, it is always a good time to buy real estate as long as you buy right! The majority of the 500 top wealthiest Americans made their money in or their money came from realatives who made their money in real estate.

The deal of the century can be found each and every week if you know how to look.

God Bless, come home, and buy some good deals!

Sorry for all the questions, but more info is needed?

What is your backgound?
What is the scope of work to be done? (cosmetic such as flooring, drywall, paint, fixtures or major such as tarring out a wall, adding a bathroom, redoing electric)
What year was the house built?
Will the work be done by you or by a contractor?
How much cash reserve do you have to hold the house with?
Can you hold it for a year?
Do you have any net worth?
How do you plan to finance it?
What rate can you get?
Do you have an idea as to what insurance, taxes, and utilities are going to run you each month? vacancy insurance is much more expensive than regular home owners insurance.
What are the average days on market for that area?
Are you sure the house is worth 95K after repaired?

I did the free session twice and the 3 day coarse once. My first free session was back in Nov 07. I went their with my wife and with a couple who were friends of my brother (he had already did the three day coarse). My wife wanted me to sign up right then and there for the three day coarse. However, I was not ready and the timing was bad. I decided to wait and do some preliminary reading and studing so that I could absorb the three day class better.

In February 08, they came around for the second free session. I only went to get the discount to sign up for the three day class.

In March 08, I took the 3 day coarse. I found the value was good since it opened my eyes and expanded my thought process. It helped me get off the fence and buy my first property. However, I was not happy with all the up selling they were doing.

I would recommend the 3 day coarse if it gives you the confidence to get off the fence. However, save the money and do not attend the advance sessions. Use your funds to help you with your first deal. You can learn pleanty from the libaray or from your local REIA.

If you do not know what HVCC is then check out the national association of mortgage brokers website.

http://www.namb.org/namb/NewsBot.asp?MODE=VIEW&ID=257&SnID=1608686358

Does anyone have a good apartment Investing book or a property management book for apartment buildings management that they can recommend? I want to expand my knowledge on the subject.

Thanks,

Does anyone have experience dealing with Broker Enterprises LLC based in Houston, TX. They say that they can do 100% commercial loans in 2009.

Just Curious.

Here is the website just in case you want to look at them.
http://www.brokerenterprise.com

I found a property that has a non-qualifing assumable VA mortgage.

This might be a stupid question but I will ask it anyways.

Can I buy the property without meeting the current Fannie MAE/MAC guidelines for homes 4-10+?

Just wondering.

Every deal I have done has been zero down since September 2008. Who says you need money down to buy real estate.

I think the neighbors came out to see why an 18 year kid driving a BMW was doing in the neighbor "hood" so that they could either tell you are in the wrong neighborhood or where to go to buy your recreational drugs.

If this is your first deal or one of your early deals in your investing career, and you are uncomfortable with the neighborhood, then you need to walk away and find a more comfortable settings. Owning real estate is not for the faint of heart and having property in that type of neighborhood can just add to the stress. The first time my tenant was late on rent, I had a hard time sleeping wondering if I was going to have to evect someone and be stuck with the mortgage bill. However, after the tenant was late 3 months in a row and somehow managed to come up with the money each month, I sleep easier and now do not care if he is late as long as he pays.

Do you due dilligance and make sure the risk is worth the reward.

Good luck