All Forum Posts by: Jordan Tasei

 I would love to Eric! I'll send you a DM in the next few weeks and we can schedule a call. I appreciate it.

 Thank you Logan! Long term has always been investing for me. With a career change on the horizon, becoming a realtor and selling has certainly been on my mind. I appreciate the response!

 That's where I've been contemplating beginning. I've just heard it may be better to jump in full time. I think I'll start slow and learn as much as I can while holding onto my W2. Thank you Hamp!

 This is great. Thank you very much.

I am a 26 year old currently working in the trades. I do well for myself, but I believe I'm capable of so much more. I know a career change is in my near future, but I'm struggling to decide what to do. I've had this nagging since I was around 18 that real estate is where I'm supposed to be. I need success stories, failure stories, and people to tell it how it is. I'm not afraid but, I'm afraid. What does it take to be successful in this business? I'm confident in my work ethic and ability to deal with the suck. I'm a grinder, I have been my whole life. Any insight on the good, bad, early struggles, really anything would be appreciated.

I've been researching pre-foreclosures in my area for quite some time. I spend hours on the county site seeing which properties have had NEDs recorded, comparing original loan amount vs owed amount vs EMV. There was one I wanted to purchase as a primary residence, unfortunately another investor beat me to it. They were able to purchase it for ~70% of EMV, flip it within a month and resell it for full market value. (Not sure what amount was profit) I see the numbers and how it works, is it just all about the leg work and outreach to those homeowners? Is my example deal above unheard of for pre foreclosures? As far as I've come to understand, if you purchase something pre foreclosure you can obtain a conventional loan correct?  And if I were to purchase it as a Primary Residence, I don't necessarily need 20% down. If purchasing with a conventional loan, I would be protected from any liens against the property, or at least have knowledge of them no?

  Am I way off base here, or do I just need to make contact with these homeowners and keep looking at the numbers the way I am?

Thanks!!