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PDF Editor FAQ

How can I get involved in Real Estate and start a business around it with no money?

So many ways you can start in real estate without a lots of money, you can start working as a real estate agent,appraiser,intern,work under a investor,project manager,escrow officer or you can do bird dogging.You can buy house as first time buyer 3.5% or go to your local city sometimes they have special program you don't have pay any money down but there is restriction period.And also buy house with seller finance,find a partner who has money. Read this book by Brandon Tuner.

What is something that used to happen often but will never happen again?

The Fresh Kill Landfill on Staten Island was one of the main dumps for NYC trash. It received 650 tons of trash and garbage every single day by road and by barge. It was the biggest man-made object on the planet and was estimated that if kept in operation its height would soon exceed that of Mt Washington, making it the highest elevation on the East Coast at over 6700 feet. It was opened as a temporary dump in 1947 but became a critical part of the NYC trash disposal system with it's own buildings, cranes, freight train lines, the longest vertical lift bridge in the world for bringing in rubbish by rail and more. It was named after the farmer who once owned it, Arthur Kill and covered 2200 acres of estuary and farmland. At its peak there were hundreds of feral dogs, and many dog attacks on the workers; hundreds of thousands of seagulls and millions of rats. Attempts to control the animal population failed. Guards with rifles were needed to protect workers from the dogs. Predatory birds were brought in to control the rats after a massive poisoning program failed.In the late 1990s the Fresh Kills Landfill was finally closed and conversion to a massive park system was begun. Although not fully complete, most of the original landfill site has been capped with clay, covered with soil and replanted. A large transfer station still exists on the estuary where 900 tons of trash per day are received, compressed and loaded into sealed containers which are then sent by train over the vertical lift bridge to South Carolina.Fresh Kills was a sore spot among abutting residents due to constant truck traffic, extremely strong odors and rodent and other pest problems. With the implementation of the new park system, which will be the biggest in New York City and the biggest of any metropolitan area in the world, the real estate around the park has increased in value. It will take quite some time for the estuary to cleanse itself of the toxins and runoff from the landfill that entered the water but eventually the area will become a natural habitat for birds, fish and oysters.For awhile the landfill was re-opened in 2001 as a dumping and sorting ground for waste and rubble from the 2001 attacks on the World Trade Center and detectives found the remains of over 1500 people there.Today, Fresh Kills looks markedly different than it looked 20 years ago.

Is real estate from home real? Is it promising? I heard Dean Graziosi talk about it and I wanna learn more from anyone with experience in that area. Also, what skills are required to be successful in real estate (i.e. who would you recommend it to)?

Is real estate from home real? Is it promising?It’s possible, and some people do quite well at it. I know some very, very successful real estate investors who do their transactions primarily from their homes. Still, it doesn’t work for everyone. Further, that’s really a very minor element of success or failure in real estate investing.Quick comment: I won’t comment specifically about Dean Graziosi. But there are a number of real estate gurus who travel around the country (more often, it’s the guru’s employees) selling real estate investing programs for $10,000, $20,000, $30,000, $40,000, or more. They try to suck you in at a 2-hour session in some nearby hotel. Stay as far away from them as you can. I’ve met maybe 20–25 folks who’ve spent $40,000 or more on those programs. While they said the programs were useful, none of them had done a deal. Further, some of the gurus’ strategies are dangerous . . . such as getting multiple high-limit credit cards and then maxing them out. Please don’t do that.So: What do you need? Primarily, you need knowledge. For example, you need to know which real estate investing strategies make sense for you, and which ones you’re most comfortable with. You need to know and understand wholesaling, fix-and-flip, and buy-and-hold. You may want to learn about buying notes and tax liens, as well as how short sales and foreclosures work.You need to know how to make the deal work—lease-option, Subject 2, owner financing, conventional financing, hard money lenders, private lenders, assigning of contracts, and so on. You need to know something about negotiating. You need to understand the terminology: ARV (after repair value), MAO (maximum allowable offer), and plenty more. You’ll need some marketing strategies: Direct mail postcards, direct mail letters, bandit signs, drop cards, pay-per-click, business cards, bird dogs/property locators, driving for dollars, possibly connections with lawyers and Realtors, etc.Suggestion: Join your local REIA (real estate investor association). Most REIAs charge $150-$200 a year. That’s a good value. Do an online search for “REIAs near me.” Or, for a list of some of them, go to the National Real Estate Investors Association. Also, there are some good websites out there, such as Bigger Pockets. Absorb everything you can there. There are also a lot of Facebook groups, some open, some private. Join them. And while I haven’t been impressed by the quality, there’s a lot of stuff up on YouTube.When you’re ready—typically after 4–6 months, go to a real estate “boot camp”—typically a 3–5 day program that costs $1,500-$3,000. They’re worth it, too. Especially the ones (and there are several) that allow you to pay once, and then re-attend as many times as you want for free.Most of them devote some time—typically half a day to a full day—on how to run your business. That’s where you get into the infrastructure you need, whether you’re running it from home or elsewhere.So: That’s what you need to do.

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