Your Questions About Real Estate

Philadelphia Real Estate answers:

1)Reading books on the topic is a good idea. But, don’t expect to get what you need entirely from books.

2)Going to real estate school and getting your license will help you understand the transaction process and it will save you a little money down the road on real estate commisssions since you can do your own transactions, but it is not a requirement. And, it will most likely not help you learn to make good investment decisions. For that, you need some hands on training.

3)For hands on training, I recommend you find other investors in your community and offer to find properties for them to purchase for a fee. This involves none of your own money, but will allow you to earn a little bit while you are learning to find good properties and getting the hang of knowing how much to pay for them. Here’s an article about that entitled “Real Estate 101″. Good luck.
Http://www.relocate-northwest-arkansas.com/real-estate-investor.html

Philadelphia Real Estate answers:

Hi, what would you like to know? I run a property advertising website in the UK. Email me if you want any specific information.

Philadelphia Real Estate answers:

According to Investing Without Losing, a book on real estate investments — there are two main ways to go through real estate. As a real estate agent (sell for people) or as an investor.

Real estate agents go through usually 1-2 weeks of school, sign up for a board exam, and then pass it. To have an active license they would need to be hired by a broker. The continuing education classes, etc. Then find contacts, then try to sell properties for someone. The schooling, application process and your association fees plus background checks by the state — the startup cost usually are within $2-$4,000.

Investors are a bit different. Usually they fix their credit, apply certain strategies like flipping or bidding on real estate tax auctions, and start making money but they sell what they own instead of going through a real estate license. According to Investing Without Losing, 9 out of 10 millionaires are real estate investors.

Philadelphia Real Estate answers:

First, you can take classes online, like at:

http://www.realestateexpress.com/

or your local community college should have some classes.

You work soley on commision and the amount of money you make depends on you. A successful agent is people person, a social butterfly and a great problem solver. My agent who works for me does so much business because she is constantly out socializing with friends and strangers. She takes care of people who give her leads and she takes care of her clients as well. She averages over 100k a year easy.

I suggest your ultimate goal is to become a broker and keep all your commission for yourself. Also, don’t think like an agent, keep your mind open to helping your clients and people. You might not make as much on a single transaction like other agents, but the referrals you get for solving problems and being understanding of other people’s issues pays off more in the long run.

Regards…