All Forum Posts by: Anson Young

Blake, a big question for sure.  What precisely are you looking for?  

I would suggest a source big enough to gather nationwide data, so the gatekeepers. Realtor associations, MLS association, CoreLogic (backbone for most MLS and title systems) - between those sources of both raw data and their reporting/research you should have plenty to sort through.

Let me know if I missed the mark on this answer!!

David, GREAT advice.  I thought this was going to be a "squatter in the basement story" but I was totally wrong.  I've been in enough sketchy houses that I dont think about this, but totally should.  Now with easier 'automating' technology you could setup a go button in IFTTT or apple automatons that when you give a certain command, it texts the appropriate party that you are out safely.  

James, welcome!

2% is tough to find in most large markets, unfortunately.  Especially on new build (unless you are the developer and can really control the costs and get a great deal on land).  Typically builders will only wiggle so much, in a good economy with a building boom, its hard to negotiate on anything with them.  When there is a slowdown or recession, its much easier to get them to budge.  Every one I've met with for clients in the last few years arent negotiating at all, their lots are flying off the shelves and they are doing price increases every 30-60 days.

Waverly, welcome!  Check out the "network" tab at the top, then hit "events" - anything in your area will pop up.

In the unlikely case of NOTHING showing up, you might need to start one! 

Aldo, I started off just doing whatever I could for investors and agents - much of it grunt work (putting signs up, delivering documents, etc).  Later on, I worked as an unlicensed assistant to a real estate agent, did broker price opinions, knocked on doors, etc.  Lots of stuff that at the time I really wasnt in to, but now see as invaluable skills I got thrown in the deep end on.

The skills I picked up during those few years made it so that when I took my real estate licensing test, it was pretty easy since I'd been working with contracts and transactions for a while.  

 I feel your pain!!

Alen, welcome!!  I'm not in MN, but it sounds like you have found a niche market for rentals when you have built up some funds from wholesaling!

Thomas, Welcome!!!  

What kind of investing do you do, or do you plan on getting into? 

Parker, always a good plan to have a business plan.  Investors/lenders will FIRST want to see a track record.  Next would be to have an experienced mentor with a track record signed on to guide the process.  If you dont have a track record or a mentor, the next best thing is a business plan with lots of details.  This shows you have thought the process through, and have plans and contingencies in place no matter what happens.

Sorry I cant help with the guide, but I feel like you are on the right track.

Eric,

You dont need cash all of the time, thats just not true. You could use private money, hard money, line of credit, or some commercial loans. With live auctions, like the foreclosure sale, you will need FAST cash, same day. So that would be your own cash, private money with the right lender, line of credit, etc. If you are buying from auction.com you are basically buying an REO like you would from the MLS, so can use many more financing options, typically.

Hope this helps!