All Forum Posts by: Zach Schaar

I second Ted. Research "Creative Financing" for a more elaborate description of the different ways to buy real estate using other people's money.

Hello, I have somewhat of a tricky question. I am wondering how and where I would go to see specific areas real estate sales by month, year, etc. Basically, I am trying to identify hot spots. More specifically, I want to zone in on a certain area or neighborhood and see how much sales are increasing or decreasing (preferably by year, and by percentage).

I've figured out a couple of long, drawn out ways to do this, but any and all help would be much appreciated.

Thank you in advance :)

My verdict is that you live and learn. I personally know of a few "good" deals (if you want to call them that) in bad neighborhoods. For that, you could do what was said above and try wholesaling it if you can get it for cheap enough.

How else can you gain MLS without being an agent?

Even me being a newbie, I know by now this is extremely common. I took all my pre-licensing courses (took about 3 weeks going 40 hours a week full time, cost about $1300 in Ohio). After that, you've got application, test, and board fees assuming you pass your exams on the first try. Again, this is in Ohio.

My point is, you can make any market work for you. Being new is the hardest part. It is for sure worth the investment, even if you start out part time. And besides, if you get into investing having access to the MLS is a BIG help.

Good luck! It's a tough road to getting licensed but if you set your mind to it you ll do fine.

Agreed my man, agreed.

in Columbus, Ohio there are quite a few people whom do that. you can find them in the distressed home areas of town or on Craigslist. i've seen 2 or 3 wholesalers having a contract on a house and it's advertised online as 3 different prices.

there are PLENTY of awesome, hard working wholesalers in Columbus, but there are a few you've got to watch too, they are quite shady.

Thanks! I will research that topic for the Ohio market. I appreciate you taking the time to offer your knowledge on the matter!

My question is a general question on market trends. I have heard a couple of indicators or how to tell when the market is up, and when the market is down.

What are some general ways to study the real estate market and determine if it's in favor of buyers, or in favor of sellers, or if renting is the better option?

Any input would be helpful, since I'm fairly new to investments and want to get going in the right direction.

Thanks in advance!

Zach