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Real Estate Investing - How do I get started?

 
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Yoli

posts: 11

Oct 19, 2006 1:15 PM ET    Quote  Report Abuse
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I am finding the Real Estate Business to be so enjoyable.  I also have to say that it is giving me a rewarding experience of creating who I am.   It is a risk, and like everything else you have to have a plan.  However, dont assume that it is all in a one two threee step and you are there it takes time and effort.  I am establishing my self at the present time and with in the year I am taken on other partners to help invest.



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Yolonda R Wilson
CEO /President
Y and A Magpower Inc
NicoleC

posts: 332

Oct 22, 2006 2:00 PM ET    Quote  Report Abuse
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Are any of  you using your Roth IRA to hold your real estate investments?  If so, how is it working for you?

RealtorNicole2006-10-22 14:2:8


-------------------------

Nicole Champagne
Email: influencialexpectations@gmail.com
Cell: (734) 262-3730
Soar With Influencial Expectations!
Yoli

posts: 11

Oct 22, 2006 2:13 PM ET    Quote  Report Abuse
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Not at the present time.  However I have a friend who work for METLIFE and suggest that I do that asap.  Currently No.  However I think iit is a wonderful idea.

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Yolonda R Wilson
CEO /President
Y and A Magpower Inc
Yoli

posts: 11

Oct 22, 2006 2:19 PM ET    Quote  Report Abuse
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Nicole are you an Realtor?    And by being a Realtor to find more property to invest in that are either distress or foreclosed.

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Yolonda R Wilson
CEO /President
Y and A Magpower Inc
NicoleC

posts: 332

Oct 22, 2006 10:17 PM ET    Quote  Report Abuse
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Dear Yoli,

Yes, I am a Realtor in Michigan.  I work with more buyers then I list.  My primary focus is on residential and income properties: single family homes; 1-4 units; and 4+ units. (Basically houses, condominums, townhomes, duplexs, and apartment buildings.) 

In Michigan, regardless of which brokerage has listed the property, foreclosed and distressed properties are typically found within a multiple listing service or on a HUD home auction list.   



-------------------------

Nicole Champagne
Email: influencialexpectations@gmail.com
Cell: (734) 262-3730
Soar With Influencial Expectations!
NicoleC

posts: 332

Oct 22, 2006 10:29 PM ET    Quote  Report Abuse
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Here is link to the Federal Deposit Insurance Corporation.  On their website they have published consumer information and they have a link to a mortgage shopping worksheet:  http://www.fdic.gov/consumers/looking/index.html



-------------------------

Nicole Champagne
Email: influencialexpectations@gmail.com
Cell: (734) 262-3730
Soar With Influencial Expectations!
InactiveMember

posts: 705

Oct 26, 2006 5:11 PM ET    Quote  Report Abuse
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Getting Started As A Real Estate Investor. Read this first.

http://iamfacingforeclosure.com/

I came across this site a while back. I recommend reading this so you can see what not to do!

MNMtgGuy

posts: 19

Oct 26, 2006 5:36 PM ET    Quote  Report Abuse
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Holding real estate in an IRA is pretty complex.

Here is a good resource for you:

http://www.entrustmidwest.com/

Todd Grill
President
Entrust Midwest LLC

763-559-5363
Fax: 763-559-5365

He works with folks all over the country.

 

 



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Terry McCahill www.CollegeHomeInvesting.com Real life lessons...real education. Email: terry@collegehomeinvesting.com Web page: www.terrymccahill.com
onlineeater

posts: 144

Oct 28, 2006 9:49 AM ET    Quote  Report Abuse
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Check out this link. Good info for those looking to go the RE business route.

http://forum.richdad.com/forums/tm.asp?m=3753&p=1&tm ode=1&smode=1


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<A HREF="http://www.AuditAuctions.com">Get ISO Certified</A>
JohnCorey

posts: 49

Apr 09, 2007 9:11 PM ET    Quote  Report Abuse
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Thanks to both of you.  I am definitely interested in investing in real estate as a business.  Definitely not "to be cool!"  I`m a little freaked about getting started, I guess mostly due to lack of knowledge.


As some time has passed is there an update Erin?

I am a RE investor and new to SuN. I can offer some advice for how to start, what to read and related topics.

As was said before having a goal or a focus initially can help narrow down the choices.

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