I have already gather a good team of Loan broker and Real Estate Agent. But What is consider a good project for Rookie real estate developer? And is the current time good for real estate investing.
205577
Different parts of the country are good and some are bad for developing new real estate.  A first project needs to be successful so that you can afford more, and for that reason I'd simply invest in a "spec" house.  Meaning you build a house and sell it while its under construction or immediately after its done.  Manage the process closely and you can make a few dollars.
570439
Keep in mind...........\n\nTimes and markets are changing!\n\nIn California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???\n\nThis last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.\n\nFrom 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!\n\nWith all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!\n\nFor some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:\n\nhttp://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm\nhttp://www.brokerforyou.com\nhttp://www.san-diego-for-sale-by-owner.com\nhttp://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us\nhttp://www.brokerforyou.com/blogger/index.html\nhttp://san-diego-coastal-real-estate.blogspot.com\nhttp://sandiegofsbo.blogspot.com\nhttp://downtown-san-diego-real-estate-views.blogspot.com
393767
Try the Internet and your local library.  You can also ask other real estate developers about what they think about the future of the industry.
651799
The MS is not necessary, helpful, but not necessary.\n\nStart first by assembling a team: You'll need an experienced lawyer, a hungry Realtor, a creative and pragmatic architect, and a competent and experienced builder.\n\nDeveloping is a BIG deal and your 500k can go very quickly.  You may consider partnering with an experienced developer as an investor on a project.  This would be the ideal way to learn the ropes while limiting your liability.\n\nI'm a Realtor in Denver, CO.  If you'd like to discuss further, contact me via my website: \nwww.closeitwithTHOMPSON.com\n\nHope this is helpful...
586168
do what every other biz does.  buy a lead list of people who invest in real estate outsside usa and start smiling and dialing.  but i will let you in on a known fact, people don't invest, unless you have something you can send them. and in that somthing you send them, make sure you are spelling it out a - z.  everything.  why they should put their money in asia. basically what are the returns.  whats the project, whos involved,  experience level, track record etc.  good luck.  leads cost about $1-15 per potential investor and find yourself a good lead broker or you will be wasting your time.
609471
I work for a firm like that.  Yes you share in the profits in the form of fees.  Fees for locating, selling, fixing etc.  Basically, learn the abc's of real estate which are locating as-is deals, valuation, and repair estimation.  Locating as-is deals are pretty easy.  Valuation requires knowing what other properties have SOLD for in the area, so befriend a Realtor (or get your license in a weekend).  Estimating repairs takes experience so befriend a good contractor.  Then approach Homevestors for starters as these guys do pay.  As you gain experience, private investors will be begging for your services.
61627
You should be close to the area you want to 'work'.  \n\nIf your sphere of influence is near where you live, you need to consider moving closer to that area.  The only way to make sure you get off to a good start in real estate is to service the people you know.  \n\nI've been in the business 3 1/2 years, and the referral base is really only now getting what I would call 'good'.\n\nIf it's not working in that location, you need to look inward and determine why.  Is it because of location, or are you making sure you're doing all the things you need to do to succeed.  In my short time in the industry, I've watched a lot of people spin their wheels and eventually leave the business.  \n\nHang in there.  If you have any questions, feel free to contact me.  Good luck!
69791
Great, I am a Licensed Real Estate Agent in Boynton Beach Florida and would be happy to list your properties on my site for Investors... That is after I review them and see comps. \n\nhttp://www.boyntonbeach-homes.com
532058
As a former Realtor I can tell you that I referred my clients to Loan Officers that had the best rates and also people who I knew were adept at getting things done.  I worked with a few loan officers that dropped the ball, or that I had to constantly call to get information instead of them keeping the client or me informed.  I chose not to work with them again if I could help it.  Realtors have a fiduciary relationship with their clients to do what is in their best interests.  Best rates are important, but also who will accomplish the task within the time frame and be easy for the clients to work with.  Each situation is different.  Also, fees vary a great deal from lender to lender and the client needs to be aware that the cost of doing business with one may be more than another, not just the interest rate on the mortgage or points.\n\nMy offices got daily quotes from several lenders (easy to fax now) and we knew those lenders really wanted our business.  I always tried to give my clients as much information about different lenders as I felt they needed to know - several of the best, but I never recommended a certain lender over the other.\n\nVisit Real Estate Offices and get to know the agents.  We all tend to do business more with people we know, if we can.  Make sure they know that you will really take care of their clients, tell them about any special programs your lending institution may have and assure them that you will always stay on top of things.\nThat is all anyone can ask.  I also had lenders that volunteered to give a class to clients that I was working with in order to inform them of current prices, trends, lending requirements.  Some of the agents did this.  It helped with first time buyers.  Be creative, there's a lot of competition out there.
294365
the best time to invest was ten years ago.... the second best time?  NOW.  Investigate your market and the last time the value went down and by how much.  I love my duplex, I am earning ALL of the equity and paying NONE of the principal or escrow.
531480
I have a lot of money invested in real estate. My advice: don't take on partners you don't know well. They will try to screw you legally. You must be in this for the long term. The short term boom has now passed. Buy low and hold tight until the next sellers market in about 3 years depending on a variety of things. Good luck.
572401
Bad time to get into doing it, but I've done it all my life.  My parents started flipping properties when I was a kid in the 70's and so did my (grand) Papa practically until he got alzheimers at 80 years old.  Right now, I'd be looking for under-valued, near or at foreclosure properties in churning neighborhoods.  What is a churning neighborhood?  It is one with reasonably priced homes that starter, basic homes will attract medium income families can feel like they have made a good investment, want a safe place to raise children, in a decent school district with a relatively low cost of living. \n\nDrive around your area, particularly where you see people with exceptional vehicles parked in front of a run-down house.  Most of the time, it is a lower income, blue collar neighborhood, where highly skilled, hard working people have lived.  They took equity out of their houses to fund their lifestyle, especially between jobs, never had time to do home maintenance or improvements because they were too busy working and providing for their families.  Sometimes, they will FISBO (for sale by owner) when things get rough and if you can make a deal that enables them to get some cash out of the property without credit or financial sacrifice, they will sell at lower than market price to avoid paying a real estate agent's commission.\n\nSeek out houses that you can inject funds into to do cosmetic repairs, not major reconstruction.  Always have an inspection performed to determine in advance whether the investment you will have to make can be returned by the purchase price in the market in which you will be selling.\n\nI don't know what market you are interested in investing to flip in, but I do know that if I were to start doing it again in this market, I would not be looking a single family homes.  The last project I had was a 40 unit townhome complex and I think apartment to condo conversion is the next big wave.
616046
Ever see "Flip This House"?  Good money. Good investment...if you're in the right neighborhoods.  I would look more towards the rural areas where city growth is being pushed...especially around lakes, within reasonable drive to cities. Buy the houses instead of working for someone else & making them the real profit.
17536
First pointer: Avoid the scam listed above.\nIts listed here also: http://answers.yahoo.com/question/?qid=1006012204009&r=w\n\nIf you are looking to start investing in the real estate market, be very cautious.  Many hot locations are expected to see a cool off in the next two years.
370438
I am not sure what you are asking. Do you own property or want to sell property for other people?  I am going to assume that you want to be a Real Estate Sales Representive.  You have to be licensed in the state in which you plan to practice. Each state has it owns laws as to what classes and how many credits you have to take. You will have to pass a state exam. You will have to be sponsored by a Broker and work for a Broker.\n\nThe place to start is to look in your local newspaper on a Sunday and look at the Real Estate ads. Most companies are on the internet these days so you will want to look at both the newspaper ads and the internet website for a number of different companies in your area.  Which one do you like the sound and look of the best?  Which companies are the largest in your area?  Which have the best reputation?  Research all of this first. Then pick a few and call for an interview.  \n\nA job with a Real Estate firm is not like other jobs. You are not an employee. You are a subcontractor and you are paid a commission.  Some places you will have to pay all of your own advertising cost.  So make your decission carefully.  When you decide which company you want to go with, talk to the Sales Manager and see what you have to do to get licensed.  Wherever you go it is going to cost you quite a bit of money upfront before you start.  And you will need some money to live on for the first few months.
94766
You would have to provide ALOT more information about the property.  Check http://www.zillow.com  It will provide you with comparable sales in the same neighborhood and you can decide for yourself if it was a good or bad investment.  Of course, no one can predict with complete accuracy which way the housing market is going in the long run.  It has certainly slowed down recently.\n\nPS> What kind of property in a banger neighborhood is worth 850K?  Is this a commercial property?
562733
I will preface my answer by stating that I am a licensed Realtor® in the state of Arizona.\n\nIt sounds to me like you have your act together even for a person of your age. I commend you for your way of thinking.  \n\nPersonally if it was I and I could make the financing and the payments work I would buy now and start building some equity.  Between the amount you will pay down on the principal on your loan (it won’t be much at first) and the appreciation of the value of your property, you will be able to move into something higher in value in the future.  \n\nI don’t like to get into financing so much as I don’t have the training for it, if you find yourself a good Realtor® and/or lender. They will be able to guide you through the process of getting financing as well as finding the right home for you. \n\nGood luck in your search for your home\n\nP.S.: If your lease is up in October, you will need to get going on the process now, as it usually takes about a month to go through all of the inspections and closing.