All Forum Posts by: Mike C

Hi, What is a REO property? I am fairly new to RE business. :lol:

Hello, does anybody know where to get a mentor, i know that my local REIA has mentor programs but they do charge $$$ for their service. Would it be wise to enroll to their program? Thanks.

thank you very much for the suggestion, i am actually getting ready to form a group with my friends, they are all motivated in investing in RE. We are currently trying to get our power team together.

Hi thanks for the info, I just did a search on "Life in the 4 quadrants" i did not find anything, could you tell how to locate that?

Great, thanks very much for the info.

So for example, if a lender charges 4 points and 10% interest for $10000, in this case i need to pay $400 up front and $1000 for interest?
Thanks for your help.

Hello, as you can see i am a newbie, when people said, hard money lender charges points and interest. What exactly do they mean by points and what effects can that have?

Hello everyone, I got interested in RE after reading the Rich Dad Poor Dad and i realized RE is the path to get me out of the rat race and help people at the same time. I am planning to start in wholesaling and work my way to other areas of RE. I know marketing is a big part of RE business, any ideas on how to market your business if you do not have a lot of capital or no capital to start? Thanks in advance.

I will have to go with Rich Dad Poor Dad, it is the first book that opened up my mind and made me think differently about our job (just over broke) and fear(false evidence appear real). I agree with a lot of comments, you need to get over your fear first, and you will be on your way to financial freedom.

Hi Cody, If you have little capital or no capital, Personally i think wholesale or discount notes would a great starting point in your real estate career. You do not need any cash or little cash in most cases when doing a wholesale transaction, sometimes you will do what they called the double closing. As for discount notes, the process is very similar it also involves double closing but it is more flexible a lot of times than wholesale. Hope that helps. Good luck on your internship.