Congrats!
In the next few moments, I’m going to send you a welcome email. In it you’ll find out how to access your free eBook, Retire Rich and Early with Real Estate. You’ll get some other cool details, but I’ll let you discover those for yourself. (Be sure to read the whole thing!)
Beyond the welcome email, you’ll also get updates directly from me… I’ll let you know when we post new articles on InvestFourMore. And I’ll send you some of the most important resources you can have on your real estate journey.
One more thing…I’m kind of impatient… I want quick access!
And I’m sure you do, too. That’s why I wanted to make sure you could access my 8 module Real Estate Investor Jump-Start Video Training right away. And I’m giving you a coupon for to purchase this entire course for under $25.
coupon code
JUMP50
The Real Estate Investor Jump Start Course
$79$25 with coupon!
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Here’s everything that’s included…
How can you be a successful real estate investor?
I used products and blogs like this to get a great start in real estate investing. But there’s a lot of information out there, which is why I created a video series to help investors jump start their career. It gets straight to the point and includes videos and resources to help you figure out:
- The best investment for you.
- How much money you need.
- How to get financing.
- How to take action right away.
- How to plan it all out.
- How to focus on what will make you successful.
Get a jump-start on your real estate investing.
Here’s what you’ll get in this course:
- Module 1: What type of real estate investor do you want to be?
- Module 2: What is the first thing you should do?
- Module 3: None of this works without a plan and goals.
- Module 4: What is the most important thing an investor can know?
- Module 5: How to get started with no money.
- Module 6: How to find a great deal.
- Module 7: How to overcome fear.
- Module 8: Why you need to learn from those who have found success.
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Here are some key questions you’ll find in-depth answers to:
What are the different kinds of real estate investing?
The first thing you need to decide is what type of investor do you want to be? Do you want to be a wholesaler, a landlord, a flipper, or something else? Each business has its pros and cons, as well as different amounts of money needed to start. Here is a basic breakdown:
- Wholesaling
- Rental properties
- Flipping houses
- Real estate agent
- Other options: You can also invest in notes, or mobile home parks, and many other real estate investments.
Do you want to be a full-time investor or part-time real estate investor?
Something else you need to consider is how much time you have to devote to the business. Just like any other business, it takes time to learn the business and how to be successful. What path you take will depend on how much time you have.
How much money do you need to invest in real estate?
Another consideration when deciding what type of investor to be is how much money you will need to start. Flipping houses and buying rentals can take a lot of cash. There are ways to buy with less money down, but it will take work and sacrifice to make it happen. Learn the best options for you.
How do you make yourself take action as a real estate investor?
Many potential investors have problems just getting started. Some people want to be real estate investors but never invest in a property. Building your business is difficult and takes time. I did not get to a point where I could flip 15 to 30 houses at once overnight. Learn how to start taking action.
coupon code
JUMP50
The Real Estate Investor Jump Start Course
$79$25 with coupon!
[button-red url=”https://shop.investfourmore.com/checkout/?add-to-cart=7107″ target=”_self” position=”center”]Checkout Now[/button-red]
Interesting creative thinking….have you got any Investors willing to buy in London UK??
Thank you Marilyn, I do not.
“ANY WHOLESALE PROPERTY’S IN THE LONG ISLAND, NEW YORK AREAS”
I am looking for any wholesale property’s that are available in the Long Island , New York areas… with at least a minimum of a 20% return after all repairs and holding cost… contact me …. ASAP…… [email protected]…Thanks Joe M..
I find your site very interesting, you sound like a hard-charging individual. I am very interested in RE investing. I have decided to follow you because I plan to make a big push this year in my RE business – I have made some BHAG’s (big hairy audacious goals) this year and hoping to make you part of my success….thanks for what you do
Thank you Cliff! I love big goals and I hope I can help you reach your goals!
Hello, love your article. just purchased a home in Bluffton, SC., and I have been networking like crazy since I bought it while I am fixing it up. I intend to start real estate classes in December and I have not let a day go by on LinkedIn etc., where I have not discussed my pl, connected with more people, and brokers……and talked about the are I was in the travel industry and new home sales for years. I hope this is a sound approach. I am seeking mentors. Doni F
Sorry about the cellular ke grammar
Hi Doni,
Yes sounds like you are on the right track. I would focus your networking as local as possible if you want to be an agent.
Hi Mark,
do you deal in Canada and are the real estate laws different in Ontario Canada
Hi Fred, I do not deal in Canada. I am in Colorado. In my experience laws are different in most states as well as countries.
I have $100,000 cash.can I get into fix and flip
Sure, if you can find a great deal.
Just saw your post on LinkedIn about blogging and seo. I’ve recently started a real estate blog and am going to check out your tips, maybe even get your book. Is it only on Kindle? I have a nook, and ipad. Thanks! ~Pam
Hi Pam, thanks for the comment. It is only available at the Amazon Kindle store, but you can get an app that will read Kindle books on just about any smart device laptop or desktop. They should be free.
Pam, although it’s sold by Amazon Kindle, it works on just about anything. I’ve read it on my iPad, so you’d be just fine! You can even read it on your computer.
Great site Mark, no Bulls**t but tons of great info and first hand experience for a first time investor as well as the veteran. I started in RE investing 2 years ago and its the best decision I ever made. Just completed my 5th rehab/rent and have my first single family rehab on the market. I came across your site searching for info on alternative financing and hope to utilize some of your tips -very helpful. Your 10 year goal of 100 rentals really motivated me and I have set my own personal goals much higher. Just finished my RE classes and going for my RE license next week. – Look forward to hearing your progress
Thank you Nate! Congrats on your success! Keep in touch and good work on your license
Hey Mark. I like your ambitious goal. It’s the only way to go for it. Go big or…well, you know. I am a dentist by trade and have some crazy goals my poor wife has been listening to since I started my undergraduate schooling. One of those is accumulating rental properties to ensure a very comfortable living for the later part of our lives (we are both 34 now). I started reading your stuff yesterday but I’m digging it big time. I will buy your book VERY soon (I promise). My main question to you was how to get started in this overwhelming process. I am a business owner already so I know there is a lot of work/money that will need to be put into this goal but I’m looking for advise. Me and my sister are in on this idea…we currently own 1 rental property.
A fun fact about my ambition…my goal is 160 properties in 20 years (120 single family + 40 multiple) and another 12 dental offices. Lofty goals but if it’s supposed to happen it will.
You rock for putting this lofty goal out to the internet world. But you’ve already been very successful (10 already…nice!) and I look forward to following your progress.
Thank you! Getting started is the hardest part. I think my books help of course! I think making goals like you have and then breaking down the goals into actionable steps is the key. Once you have steps you can take to proceed further it gets much easier. I also have my product which walks you through how to invest and what actions to take. It s $399, but I will be running a sale very soon on it. Next week at the latest. https://investfourmore.com/blueprint-for-successful-real-estate-investing-2016/
Hi Mark! You have GREAT blog! Thank you, as new invester I learn a lot. I want to start to do “flip” but little scared because my calculations skills not strong enough . I started invest in September last year and so far I do have one rental property, half duplex. I am so glad that I could read your blog and get inspired. Thank you Tatyana
Thank you! I am glad you enjoy the blog!
Hello Mark,
Very impressed with your Blog, it was very informative. I am a new Licensed Realtor in New York. I am also a member of the MLS in NY. How does a Lic. Realtor get access to the Foreclosures? does one still have to pay a subscription for it? Thanks
Hi Celine,
This message went to my spam folder. Sorry for the delay.
Most foreclosures should be listed in the MLS. You should not have to pay extra
Just heard your interview on Bigger Pockets podcast. Thanks for the great info.
Thank you Thomas!
Hey Mark,
I just came across your website when doing a search on “blogs on rental property”. I am closing in on retirement and have gotten an offer from a company I previously worked for to “buy out” my retirement from them. Since it will only be worth about $500 month, but my buy out from them will be about $60 – 80K I’m seriously considering taking the buy out and investing it in rental properties as I feel I can turn that capital into a much great cash flow then $500 month that way. I’m also considering getting my realtors license and starting it as a second career when I retire from the software industry in just a year or two (early “retirement” I hope to bail at 60!). But obviously after working 50-60 hour weeks in the corporate world I am not nearly ready to just sit on the porch yet, I just want to do something different and be my own boss for a change. I love your site and the great information you are providing and hope it will help me get started on my second career!!! I will more than likely be posting back with questions often. Thanks for the great site
Pat
Hi Pat,
How long is that $500 a month good for? I am curious of what the total value of the retirement would be.
Post all the questions you can! I am glad you enjoy the site and personally I think that is a great plan!
Hi Mark,
You can also complete your goal of buying 100 Properties with buying a Multi-unit. I think you will able to achieve it quite easily. plus you can apply same techniques of paying off the properties.
Effort involved in buying multi-unit or SFR is same.
Think about it.
Hi Manmit,
I wrote an article on why I focus on single family here. https://investfourmore.com/2013/08/26/is-it-better-to-invest-in-single-family-or-multifamily-rental-properties/
Hi Mark,
I live in Largo, FL and would love to get involved in the business. How do I find “fix n flippers” in my area to work for and with? As I have no extra cash or credit, I thought working with someone already established would be my best bet in order to learn while I work as well as make extra cash to get started.
Sharon
Hi Sharon, go to auctions, the foreclosure sale or look for ads in the paper or billboards that advertise we buy houses. Those are are usually fix and flippers.
Hi, I am just starting – where do I find financing to buy real estate. For my first deal should I buy a rental or flip?
thanks for your advice – Scott
Scott, I would keep researching and learning. Investing is different for everyone and we all have different goals. Figure out what your goals are and then work backwards on how to reach them.
Mark, really like the site and the post. I am thinking you meant to say sell 50 houses a year not a week in the paragraph below?
How many houses does a real estate agent need to sell to make one million dollars a year?
To make one million dollars a year as a real estate agent you have to sell a lot of houses. However, how many houses you have to sell you depend on how expensive the houses you sell are. If your average sales price is one million dollars, you only have to sell 50 houses a week to make one million dollars a year. Most agents are not in an area that will allow them to sell 50 million dollar houses a year. In my area there aren’t that many million dollar houses selling in an entire year by all the agents in the area.
You are right! I fixed it.
Hi Mark, I’m a beginner in rental property. What are the benefits of having each rental put into LLC?
https://investfourmore.com/2014/04/23/put-rental-properties-llc/
Mark,
Found your post while searching “how much money to make listing HUDs as an agent”. Thanks for the great info.
Glad you found the blog!
I am a Real Estate Broker Associate and have my License at another office. I would like to buy property for myself without going through the brokerage
Can I do that and what disclosure do I need to include in my advertising.
Barry, this will depend on the agreement you have with your broker. You may be able to if the home is not listed. If the home is listed you will have to go through your office. In Colorado I always disclose that I am an agent, but each state has its own requirements.
Hi Mark,
My question is on AS-IS contracts. Sometimes there are maybe 10 houses i’m interested in putting an offer on. I do not want to be in a position where all 10 offers get signed at the same time, and i’m now in 10 legally binding contracts. Some of the banks take forever to get back on an on offer. How do i submit my offer to ensure i have an out. I know there are conditional offers, but banks usually don’t accept those. I can’t use contingencies, since to make my offer the best, I waive the inspection period and I’m buying ALL CASH. And for an AS-IS, the inspection period isn’t going to give me an out, if there is a problem anyhow. I don’t want to put a bid one house at a time and wait on the bank. Suggestions?
Hi Roger,
99% of banks won’t sign a state contract that is submitted to them. If they like an offer they will send a counter on their own addendum and the house is not under contract until that counter is signed by all parties. If you submit ten offers and get one verbally accepted like this and the bank sends you their counter, you can then withdraw your other offers. Even though houses are sold in as-is condition, that does not mean you can’t still have an inspection period. They just may not fix anything you find in the inspeciton.
Thank you for your honest opinion on the business. I always loved homes and dealing with people and thought maybe I should start studying on this new adventure. I am a teacher and I think I want change. I was thinking starting part time and do full time in the summer and see how I manage. What are your thoughts on this? Is this bad idea?
Hi Lyn,
I think it is doable if you have help, either are on a team or have another agent that can help you when you aren’t available. It is tough to go part time because people want to see houses all the time, not just when you are available.
Mark, I can buy a new built townhouse for 135k. Get $1000/month rent. Taxes, HOA,and insurance would be $3000/yr. How much should I put down to make sense? I want to buy another once this gets up and running. Should be maintenance free for a while. Renters will pay utilities.Thanks
Hi Dave, did you see my cash flow calculator? A lot of your questions would be answered based on what you personally need and your market. If you put 20% down you are not making much cash flow wise due to the taxes, hoa and insurance.
I did.That made me think that I needed to put more down to start showing a positive cash flow.That’s where my question asked if it makes sense to put more down? The other way I looked at it, is if I paid cash I would receive roughly 6.6% on my money, ($9k/135k). Just looking for your opinion if it made sense to you and what would you do?
Thanks Again!
To me that is not a good enough return. But everyone has different levels of returns they are okay with. I want 20% cash on cash with a loan, but that is hard to do. I think you should keep looking personally, but it a lot depends on your market, what is available and the work you are willing to do.
Mark,
Just wanted to let you know I have been enjoying your site. I have recently graduated and scored a job in computer science field. I am planning to use my income to help me start in real estate and this site has really motivated me and taught me a lot.
-Cody
Excellent Cody!
Mark,
Give us an update on how you’re doing on your goal!
James
I have 11 rental properties now and 10 fix and flips going!
I never reply to threads because it just seems to be too much excess work (sigh). However, I decided to take the time out to post a reply. Your site is unreal!! I absolutely love it. I hope you continue to keep it up because it is literally the most helpful site I’ve come across thus far. I’ve been doing real estate successfully on my own since 2009 (rentals only), and I have decided this week to join a firm so that I can learn how to do sales. Im nervous….but I know I’ll find the right company to hang my license with. I hope your success continues with nothing less than increase!! 🙂
Hi Joanna, thank you, I am glad you like the site! Please keep in touch and i am happy to help if you have questions.
Put in a bid on a hud property 1k over list price and is looking to pay cash. I was out bid by 6 buyers meaning 6 people bid over list price. Spoke with hud I had the lowest net..found out today the 1st bid fell through now there is 4 others ahead. Do my back up offer have a chance?
THey will move on to the next highest bid.
Am happy to read much about RE investor from you….please am an real estate agent in Nigeria west africa country…..please how can i get good and sure investor in africa country.
I have no idea!
I live in LA and am eligible for a VA loan. The VA will let me get up to a 4 unit building on the loan. I am planning on living in whatever the smallest unit is and renting out the rest to get as close to positive cash flow as I can. If I am planning on living in the building what number should I shoot for? In markets like LA how do I address with sellers the pos/neg cash flow issue? Everyone here talks about how the increase in price should make up for what I’m losing but I don’t agree. My idea is to buy my first building that I live in, manage myself, and then try to buy more small multi-family buildings. Where should I start? Should I just move out of LA if I can’t find a positive cash flow building?
Hi Chris, LA will be very hard. I have heard there are areas east a ways that may cash flow. THe money you need to make is up to you, but especially with multi I think you need to cash flow.
hello,
I am trying to get a handle on this whole Investor business,but have no idea where or how to start. I have a small pot of money $20K and before I chizzle at it I would like to invest it in to some sort or realestate venture> Is that even enough to get started with? I have been to a few seminars (fortune builders being one) but they require that you have alot more money… My credit is not the best so im not sure if contacting a hard money lender would help me get to on the road to possibly fixing and flipping, ANY suggestion that you may have would be greatly appreciated.. I am in the los angeles area by the way..
Hi Samantha, I would stay away from any RE program that wants you to spend $20,000 or more just to learn. Spend that money on a house instead. It will be tough to get started with that amount of money, especially in LA. A hard money lender is a possibility, but they will charge high rates.
Hi Mark, im on disability, and my wife doesn’t work, i own my own house that has lots of equity , i also have two rental paid off, i have enough in the savings to buy another rental, will i be able to qualify for a loan although, im not working.
Hi John, Probably not. Even with all that equity most banks are going to look at debt to income and if you aren’t earning money it will be tough.
Hi John,
I would like you to know that I had a few clients that received mortgages without working. Their income was social security , disability /or other benefits.
Hi Mark, great info on your site!!! I’m in the process of educating myself ,as much as possible and w/ your help, to get into RE investing in a big way. For someone starting with no money for a down payment, what do think of the strategy of finding Short Sales, as far below market value as possible, buying them with a loan that requires a low down payment (owner occupied) and then fixing and flipping? As I live in CA and any halfway decent rental property is $200k-$300k, I will need a substantial downpayment just to get my first property I can put a tenant in. If I can do a couple flips w/ this type of loan I may be able to get enough of a down payment together to get a property I can hold onto. Do you see any issue with this strategy?
Thank you Mike!
You will have to live in the property one year. I think it is a great strategy, but it takes some time.
hi mark, i find your page interesting, im starting to be a real estate broker here in dubai, uae
Thank you!
Hi mark…I just found your site and really like the content. I earned my real estate license approximately 2 years ago. The company I held my license with was more for investors and experienced sales people. I love real estate even though I have zero deals under my belt. The more I learn the hungrier I get. I met with a neighbor who was a top agent in Michigan. The broker she partnered up with is also a top agent in michigan. They are mentoring my sister in law and myself. I am so excited and I AM ready to dive in full time. One problem……I am responsible for a family of five. I have a skilled trade job at ford motor company. EVERYONE is basically telling me I’m crazy but I want more than a dirty factory…pay based on an hourly rate….pay also based on living in my factory and every decision based on questionable management and seniority. I am NOT going to walk in and quit. But I am starting a 1 year plan…it’s not complete but the steps are already being put in motion. I feel I can leave my job AND succeed as I have been TOTALLY rejuvenated!! Any words of encouragement or advice would be DEEPLY appreciated! Sorry for theong message….
Hi Jason, Thanks for the comment. I like your plan, but be ready to leave your job sooner if you have good mentors. If you work hard and have a system in place to generate leads, mostly from people you already know you will statr selling house sin no time.
Hello Mark,
I look forward to reading more of your information and gaining some knowledge from your insight. The Wife and I plan on working out of Florida and SC for our business initially. I look forward to talking to you more. Thanks for your time in advance and best of luck to you on your goals!.
Marlon White
Thank you Marlon! Keep in touch
Hello Mark, it’s funny how my landlords name is mark also, he is a great realtor like yourself you soud like you know what your doing and that’s very inspiring, I just found your blog about half an hour ago and let me just say I’m very much excited to read more. My name is karina and I m trying to start a new career in real state this year is my last year on my lease and I would like to buy my fist new home, however since I m going to buy my new house I deffently would like to take full advantage of my experience and introduce my self to it by going thue the process with an expert and learn from them. I know I need a lot of time and expirience. My goal is basically just to start from the bottom and work my self up, I ‘ve waited eight years for this moment, but due to taking care of the family business first I was to bussy to even try to get into it. Now I’m ready and truly dedicated to make my dreams from true and become a successful realtor.. Any advice or sugestion for me :-). Thanks keep up with your motivation and expertise.
Thank you for the comment! I would suggest working with a real estate office that offers training and a mentorship or join a team if possible.
Mark i am a realtor in tampa and ready to start flipping. Do you know any experienced flipper that would partner up with me?
I don’t Roxanne, maybe someone will see your comment.
Hey Mark, I am new to RE and looking to be an Agent/Investor. I was wondering if you offer personal one on one consulting? I am curious about how to structure my business plan and to set realistic goals within the first 5 years. I was also wondering about any advice you may have about my first fix/flip and where you can get the most bang for your buck without doing a complete gutting. Any advice would be greatly appreciated.
Hi Greg, I do have a couple of options.
https://shop.investfourmore.com/product/the-complete-blueprint-for-successful-real-estate-investing/
https://shop.investfourmore.com/product/consulting-mark-ferguson/
Hey,all
I am looking for to get started eat estate investor
You are in the right place!
I am very impressed with your prompt responses Mark.
CO is my home state!
Thanks CJ, sometimes I am a little slower on the weekends!
Thank you Mark for the great Information and regards from Amsterdam, the Netherlands!!!
My name is Dan and am starting my own construction business and my question is a little out of your work area but what would be a good way to get involved with people who flip houses and pick up their construction work
Go to where the flippers are. Auctions. Find flips for sale and look up the owners in public records
Hi Mark,
I own 8 rental properties for the past 2 years. I am about to Buy 2 more. My total Mortgage is around 850k. The value of the properties are going up 23%. I make 11k gross per month. Do you think I am going on the right direction?
Thanks,
David
Well yes! But I would look at the net you make every month and the mortgage versus what they are worth as well to get the whole picture
Hi Mark ,
I came across this site while trying to find info on flipping houses. I live in NYC and wanted to know what you think about the market here. How can you find investors to partner up with.
https://investfourmore.com/2015/04/27/should-you-use-a-partner-when-investing-in-real-estate/
You can flip anywhere, but the higher prices are the tougher it is
Hi Mark,
I am graduating with an Accounting degree and after shadowing several accountants it seems that working in the corporate world is not something that I want to do with my life( I know that my accounting degree will help me in building a business which I really want to do.) After reading some of your articles I was wondering what advice would you give someone like me or if you have specific articles in your blog that I might be able to read to get me started. I just finish signing up to get my real state license and start a class next month.
Best regards,
Tony
https://investfourmore.com/2014/01/03/real-estate-career-better-corporate-job/
Check out my podcasts as well!
Hi Mark,
I was doing a research looking for information about real estate investments and I found your web site, I already downloaded the eBook. I am living in Toronto, Canada, and I would like to know if your method would work in a market like this, actually all through Ontario’s market, Toronto’s market is extremely expensive.
I would really appreciate if you could advise me.
Best regards,
Gustavo
It is tough to cash flow in expensive markets. It is the same in the US. Have you looked at surrounding markets?
Hey Mark,
How do you know if my area is a good area for this type of business? I live in remote Kansas( Midwest) so if it’s not a typical market how would I go on in this business to start this business. Would I be able to search and buy in other locations where bigger cities, metro area?
Would I have to do any traveling? I wouldn’t mind traveling if that’s what it takes.
Thanks for the time for answering my question.
Blake
The first step is to research your market and see what returns are like there
Hey Mark,
I am a commercial and residential realtor in Florida. I live on the West Coast between Tampa and Sarasota. I do business all over the state. If there is something I can do to assist you and your team, please let me know. I am also a private money broker so can probably help on your lender situation as well.
Best Regards
I just love the style of the house and we may eventually condsider having a house like this built to retire to in Maryland or Delaware.
Would love to get more info or the type and style of this house. The red little farm house~
If possible
Hi Mark! This website looks great. I’m still a college student, but definitely want to get into real estate investing, maybe even in my college town in Connecticut. I’m wondering: how much capital is necessary to start invest in real estate. I know knowing the average prices in my area will be important, but I’m wondering if there are other ways to finance my first investment so I can get started. Any ideas?
https://investfourmore.com/2013/03/05/how-to-buy-investment-property-with-little-money-down/
Hi Mark,
I am interested in buying rental properties, but I’m not sure on how much money I would need to close on the deals. Is it beneficial to use hard money for rentals or traditional financing? Also, when investing in either rentals or fix and flips, how much cash do you generally need to bring in to show you have “skin in the game?”
https://investfourmore.com/2013/09/04/how-much-money-is-required-to-buy-rental-property/
Hi Mark
I am a single mother working full time living in Los Angeles. I can research, find and negotiate prices on properties to purchase, but don’t have the expertise or time to fix-and-flip houses. And Southern CA just seems an impossible market for 15% cash-on-cash returns. I have enough for down payments on rentals but would like to leverage as much as I can. What would you recommend for someone like me? Thank you.
Have you thought about other markets?
Hi, Mark:
I was reading a post on your blog from 2015 about a turnkey investment company. I would love to know how your experience has been. I am currently working with AWB and in the process of setting up a self-directed IRA.
Good so far, had a hiccup with a tenant, but they covered the rent.
Mark, Do you have any videos/podcasts that talk about the true net profits on flips after income taxes?
Not really, I wrote an article about it. https://investfourmore.com/2015/03/11/how-much-in-taxes-do-you-have-to-pay-on-fix-and-flips/
It is just like a job, but if you start a corporation it might help
hi mark i looking to get my real estate license but dont know were to start can u help me i want to take them online..
https://investfourmore.com/2014/09/25/best-way-get-real-estate-license/
Hi Mark,
My names Ben new to your forum. Great website also.
I currently have 5 single family rentals that average 1.5 / 2% four with mortgages from 23k to 33k.
I Plan on paying theses of soon because of the adjustable rate mortgage currently at 4.75%.
Then do a cash out ref on one of theses to purchase more is it possible to get a15 yr fixed term or 5/7 yr Adj only on rentals?
Also what would you do with money in a 401k.
I know I could do better with it in Realestate.
Should I bite the billet and pay the taxes and penalty?
Thank!
You can covert 401k to IRA and invest with it in some cases. Why wait to do a cash out refi?
I’m in Mombasa, Kenya and very passionate with real estate investment. Unfortunately
lack of money is stopping my fun of being a real estate investor but I’m suggesting of
raising capital through partnership funds, joint ventures, crowd funding, friends, family, relatives and well wishers. Is this advisable? Or,
Should I raise money by first starting a real estate agent and progressively save little by little from the commissions earned?
And what about crowd funding where the stakeholders are promised to benefit by accessing to buy a house as an owner-occupant and pay mortgage instalments instead of rent monthly?
Banks in Kenya are not good listeners as they usually need securities which I don’t have
to break the ice and they require 20% of the property value to be financed by the investor upfront.
Kindly strategize for me the best way forward.
Banks in the US are the same way. i would first start a career where you can save money and show you are credit worthy
Hi Mark,
I just bought and read your book How To Make It Big As A Real Estate Agent on Amazon.
I am pre studying for my RE License and the FL based course material is pretty dry. While I don’t have my license yet, your book is informative, dynamic and motivating so it has been a great compliment to help keep my focused on my goals!
You may want to suggest this to others as well as not all of us can consume the course material on its own.
Very nice book, thanks for the content and motivations and I look forward to more of your offerings and advice!
Gordon
Thank you Gordon! I appreciate the comment! If you leave a review on amazon for me, I would gladly send you an autographed copy of that book or another I have written.
I have quite a few wholesale properties for sale. Would love to do business with you – both to sell to you and in other areas of synergy. Could you contact me at a time of you convenience? I will send you an email as well. Thank you, in advance, for your time.
Where are you properties? My email is [email protected]
Mark,
I am interested in getting into real estate investing full time. I have a five rental properties with some partners that are mortgaged and cash flowing nicely. I am interested in possibly getting into wholesaling. I live in central Nebraska where the population is low. Is it necessary to live in a densely populated area in order to have good success as a wholesaler in your opinion?
Thanks for your time.
I think it depends on how many investors are in the area. If there are investors buying, you should be able to wholesale
Hi Mark,
I also live in Colorado. What do you use for a rental contract? Do you ask for 1st and last month plus what percent for security deposit?
Thanks,
Penelope
I charge first month and deposit only. I have a lease from a property manager I changed for my own needs
Hey Mark and Happy Holidays!!!
I just joined the Northern Virginia REIC and I’m super excited, I also have a Pre-Licensing Class coming up 1/9/17. Along with those things, what else can I do to jump start my Real Estate Investment career? I want to own one house in every state before I die and retire my wife! Lofty goals, I know but I have to dream BIG!
Nice! Have you checked out my books? I tried to include all the tips I could in them. https://amzn.to/2iAJFQ5
Hi Mark!
I am interested in flipping houses but don’t know where to start. How do we get loans to buy and flip a house? Or how would you suggest we start out?
https://investfourmore.com/2014/03/19/finance-fix-flips-hard-money-private-money-portfolio-loans/
Hi Mark , do you have any opinion on peterborough market
I do not, sorry!
Hi mark, I just previously finished reading your book on how to mak it big as a real estate agent. The book is a great way to uncover knowledge about real estate priorities and opportunities, although I have question to ask you about managing and creating a team. Will I need to obtain my real estate broker license to hire assistants and agents, and if not how can I get started? Also is office space needed?
That all depends on your team, your broker and other factors. I operate my team within a brokerage and I do not have to have my brokers license to do that. I don’t have my own office space, I use space in the office.
Hi Mark
I really enjoy reading all your advice. I’ve been going to Champions School of Real Estate in Austin Texas. I have learned so much and it’s a lot to learn. I’ll be interviewing 3 brokers and see witch one will be the best for me. I have a mentor who works for Keller Williams and she said they have the best training that is what I’m looking for . I want to work in the office and have phone duty and help walk in’s, I’m a people person love talking and helping people. Any good advice for me? The market in Austin Texas is blowing up and the price for house’s are over 300,000.00. I would like to also lease properties while I’m growing my business . Thank you , Stephanie
I would go with the broker you like the best. Every office is so different because of the broker.
Hi Mark, we are a couple in our early 50’s with a question. Thinking of buying property as vacation rentals in South Lake Tahoe. Can vacation rental income in the right location return better profits?
It is possible but takes more management and usually has a lot more expenses. https://investfourmore.com/2015/03/23/can-you-make-money-with-vacation-rentals/
Hi Mark,
Recently I met a person who bought a house for 1.5 million dollars at age 28. His title is real estate broker and seems he has a website with about 800 rental properties. Is it possible this person started from 0 and made his way up to the top? Or most likely he has investment capital ( like rich parents) and it helped him to get there? I am thinking if I start to do real estate( I have no rich parents), what is required from me to get to this level?
Thank you so much!!!
Anything is possible! https://investfourmore.com/2014/12/08/buy-rental-properties-young/
Hi Mark,
I currently own two properties one of which I lease and the other I currently live in which I soon olan to lease out as well, I want to get into real estate investing and need to know wjere to start. I also am tied up with mortgages, how can I squeeze out more $$ from the banks to continue to purchase?
Thanks
Danny
That depends on what you owe versus what your loans are, how much cash flow you will make or are making and many other factors.
Hi there Mark. This is Basit from Pakistan. I am new here. I’ve read about 10-11 of your articles and loved your work. I am a student aged 22 but I want to get involved in the real estate market. I read Rich Dad Poor Dad last year and since then I’ve been studying about the real estate investment. I can’t figure out how can I start this work along with my studies. I am free for 3 months now and want to utilise my time really well. After that, I’ll move to Australia for Masters and want to build my initial portfolio during my studies to enable me to generate a basic cash flow by the time i complete the studies and then become a full time investor. Please tell me what strategy could I use. Personally I think Rent to Rent might be a good fit for me. Looking forward to hear from you.
~Basit
Hi, Honestly I do not know much about markets outside the US. Are you in the US now or another country>
Hi Mark,
I bought your quick start video training, but I can’t access the members page to view the videos. Can you send me temporary password, since I did not receive it in a separate email and it’s not in my junk folder either.
Can you help rectify this problem please as I’ve paid for the videos but don’t have access to them.
Thanks,
Calvin
Justin should have gotten you all the info you need.
Hi Kevin, thanks for letting us know. We’re having an issue where accounts aren’t being created in all instances. I’m working it. In the mean time, I just manually created your account and will send you an email with details.
Hi Mark,
I have about 200,000 usd, in cash,please give me your advice how can I invest in rental house business?
I am living in North Carolina,( Charlotte area).
Have you started looking at houses yet or talked to a lender?
Hi Mark i live in AZ, i have about 30k down payment, currently renting but eager to get into rental properties and build that passive income, should i buy like 100k property fix it up and live in it for a while(if yes how long is best) & build some equity then few yrs down the line take equity out or use HELOC(whichever you think is best) to do it all over again. What would you do if you were in my shoes. Thanks
There are many strategies. You could buy as an owner occupant with much less down turn into a rental in a year or even sell in two years and pay no taxes on it (unless tax laws change). Or you could use the helocor or refi. A lot depends on your market and rents, etc.
I am 40 years old no wife or children, I own a home with a mortgage. I’m thinking about renting it out and using it as my first rental property and moving into an affordable apartment. would this be a smart move?
It all depends on how much rent you can get versus your mortgage if you have one and expenses.
Hi Mark,
I couldn’t be more relieved to have found your website as it seems to offer all of the resources needed to become successful in REI! My question is in regards to your breakdown of current properties on your site. Perhaps I missed it but are the sales taxes included in the selling expenses? If so, would you mind expanding on how much tax is typically paid on a flip? Thank you in advance!
Edgar
Sun city, Az
There is no sales tax on real estate in Colorado.
Hi mark im in 8th grade right now graduating to 9th grade and I was thinking about doing realistate I was wondering was there like a college I could go to to study it.
There is not really a college for real estate, but some have real estate degrees or minors. I would go for something in business as well.
hi mark..im trying to sign up for your coach blueprint program and im having issues.please email me at [email protected]
ty
Email sent
Israel,
That is so awesome!! I love you have this desire. You should talk to your parents about going with you to attend a local investors group. They usually meet once a month and there are people there with every kind of experience. Do not buy into any classes until you are 1) old enough to understand the repercussion of the cost 2) until you have volunteered your time to work with an investor. This does not mean running around putting out signs (even though that will probably be a job), this means they actually show you how to look for inventory, run numbers, understand the tide of the market, and what is a good profit. Read a variety of real estate investing books with high reviews and listen to many podcasts. Do this and before you graduate from high school you could own property! Good luck!
Keen to be an agent. How do I go with it? I would love to work for you,Mark
Where are you located?
Mark do you do any work in Baltimore MD? I am a GC that’s looking to go off refurbing. units in Baltimore and use as rental properties through the section 8.A process. I am looking for some good financial backers on properties in Washington DC, Bethesda, Chevy Chase, Potomac, Rockville Maryland areas. Please reach back to me if for nothing else some strong and good advice. Thanks and hope you are having a great weekend.
[email protected] CR
I do not
Love your information. I want to get started in real estate investing. I’m new to this and wanted to know what’s the best advice for someone who has little money to invest. Will this affect buying a home for myself.
https://investfourmore.com/2013/03/05/how-to-buy-investment-property-with-little-money-down/
Mark,
I want to thank you for the information you have shared in the books that you have published. I am reaching out to you today to ask of a list of hard money lenders that you would recommend for me. I live in Atlanta and I will purchase my first flip at the end of this year but I would like to use someone else’s money to rehab it and help me buy it as well. Why not, right?
Thanks again!
https://investfourmore.com/real-estate-investment-lenders-funding-resources/
Hi Mark, I am looking to get my license and become a real estate agent. I was wondering if there is a company that you recommend?
Real Estate Express
Hi Mark,
I really appreciate your helping newbies like me!!! Kudos to you! How do i buy houses and have it rented if I am in California. i would like to buy in Cincinnati and Dayton. Have you heart of Renatus. Their asking 20,000 dollars. Are they worth the time and money? Hope you could help me in my journey as well…Thanks a million!
I do not have any experience with Renatus. What do they do?
Hi Mark,
I’m reading your book and I’m loving it. Thanks for sharing all your experiences and specially about all the details you were able to put on paper. It’s helping me a lot to think through my current setup. Which bring me to a question, hope you can find some time to answer me on this. If not I can totally understand. I read about vacation rental homes in your book and you didn’t really recommend it, because of the high expenses and time consumptions as to the wear and stress of being a host, just like running a hotel. I have a couple of inherited properties in Portugal and as you might have noticed the tourism in Portugal has been increasing rapidly. Right now I was able to have 2 flats running in this high season, made some fixes and got it ready to short term rental. I completely got ran over by a truck, sales were great and if I had more I’m sure I would’ve rented more. Next year I will had a 3rd flat which is double as big as the two other ones. I rent out per room or the whole flat. In my area if I rented it out a year, would maybe be at 700 euros a month. Taxes are 28% a year +property tax. Right now I can’t really know how much I could make in the short term rental so I took a low estimate, because of low and high season and cash-on-cash I calculated about 500euros a month per property. (Included 6% tax + property tax, booking fees, maintenance fees, cleaning, platform cost, 10% vacancy, utility bills but no mortgage.- I can’t really know how much taxes on profit I will have to pay and in portugal it really depends on your income bracket). I do have lots of work and I wanna buy a property in Porto but I’m so scared about doing this step since secure yearly rental is just so low still in my country whereas short term rental seems to be booming with so many properties that are abandoned and have great undervalues. What do you recommend in my case. Waiting a bit and getting a better stable position (I don’t have enough cash flow to buy one, I would get a loan or to try to risk this move) By reading your book you convinced me to buy a small family home vs a building which was my first move. I don’t want to screw it up and would really appreciate someone at your level giving me some tips. If you have time of course…
Thanks,
Diana
Have you written out all the numbers to see what you would make short term versus long term, how much more time it would take and make sure to account for low season.
Hi mark my self Rishi Ved and i live in india but my dream is to shift to usa and be a full time real estate agent because i am very focused dedicated hard working so i want to work with you under your company so if possible will you help me how i can got a job under you
You can send me an email [email protected]
Hey,
This article is very nice, You have covered very well all the points on how can you be a successful real estate investor. Real estate can make you a millionaire. Of course, just buying some real estate will not give you all of the benefits. Different strategies in real estate will give you different benefits. When you invest in real estate, You have to treat investments as a business, know their markets, Maintain high ethical standards, Strive to be Good Customer Service Representatives and stay educated apart from that, You should understand the risk and Invest in a Reputable Accountant.
very true!