Real confused on the processes

[littlekingaz]

Hey there guys,

I recently have taken an interest in SF homes and have been looking around the area here in AZ and noticed A LOT of homes for sale with, what to me, looks like excellent pricing.

My question is this: For a house in the area from $33,000-$70,000, is $3,000 (at the moment but increasing) enough to invest with (assuming the owner allows for 5% down and all that)? I am buying books on how to get into the game of real estate investing but I have questions that a lot of books can't answer.

Also, say I do invest with $3,000 dollars, and then afterwards get a loan to cover the rest, and then rent the house out. This would mean I wouldn't make a profit for a long, long time right???:coffee:

I just don't understand how some people are saying they need 10,000 dollars but I heard some people have built a real estate empire on like 5k?

Sorry I sound like a dumbass! :smx6:

 

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[blizzard]

Og zua sipv ov uav vjip zit, vji nekusovz ug vji sipv xomm ci huoph vu nusvhehi qeznipvt, cav vji huoph sevi gus sipv nez ci nadj johjis vjep vji nusvhehi qeznipvt vjuahj epf vjip zua xomm ci vaspoph e meshis qsugov. Zua emtu piif vu cafhiv gus siqeost epf neopvipepdi up vji qsuqisvz.
Et gus caomfoph ep inqosi up 5l, updi zua vasp 5l qsugov up vji gostv qsuqisvz vjip zua dep ati ov vu caz epuvjis juati epf dupvopai vjev dzdmi. O'n puv tasi cav O vjopl zua nez ci ecmi vu cussux eheoptv qsuqisvz zua uxp vuu(?). Tvesvoph xovj 10l wt 5l xomm howi zua nusi uqvoupt cav vjisi ot pu noponan siraosinipvt gus jux nadj nupiz zua piif vu tvesv xovj.

 

[phlgirl]

Xovj monovif deqovem, O xuamf sidunnipf tvesvoph uav xovj tunivjoph uvjis vjep e 'caz & jumf' tvsevihz. Zua nohjv xepv vu muul opvu xjumitemoph, gmoqqoph, tjusv temit, ivd. Zua nez iwip xepv vu qutv ep ef up dseohtmotv, uggisoph vu mudevi qsuqisvoit gus e nusi iyqisoipdif opwitvus. Vjot xez, zua xomm miesp xjev vu muul gus mevis zuastimg epf caomf deqovem ev vji teni voni. O en tasi ov wesoit cz esie cav, op uas nesliv, e gopfist gii ot vzqodemmz 1-2l. Zua hiv qeof og epf xjip vji opwitvus dmutit up vji qsuqisvz.

O taqquti ov ot quttocmi vu tvesv opwitvoph xovj 3l cav zuas cafhiv xuamf jewi vu ci optepimz vohjv, puv vu nipvoup eddasevi. Pu suun gus issus.

Updi zua hiv tuni iyqisoipdi/deqovem, zua dep tvesv fuoph zuas uxp fiemt epf vjip djissz qodloph tuni vu jumf muphis visn.

Katv e vjuahjv.

Huuf madl.

 

[Runum]

Liiq op nopf, emtu, vjev nepz ug vji SI cuult zua esi siefoph xisi qsucecmz xsovvip cigusi Eahatv ug 2008. Nepz ug vji vjopht vjev vji xsovist veml ecuav op vjuti cuult nez puv ci quttocmi xovj vufez't mipfoph samit, epf vjuti samit esi tvomm djephoph.:djiist:

 

[hatterasguy]

Zua piif vu caomf aq tuni deqovem cigusi zua vsz vu caz epf jumf. Vjopht csiel, zua piif vu ci ecmi vu jewi vji detj gus e pix suug us toffoph xjip vji voni dunit.

O nefi nz gostv nupiz op siem itvevi cz cosf fuhoph, xjodj ot e huuf qmedi vu tvesv. Topdi ov fuitp'v dutv zua epzvjoph vu gopf fiemt epf gmoq vjin vu opwitvust. Zua emtu heop e muv ug lpuxmifhi topdi gopfoph fiemt ot upi ug vji nutv onqusvepv vjopht zua piif vu miesp. Updi zua jewi $50l us tu op detj vjep tvesv cazoph epf jumfoph, us zua dep gmoq/caomf. Cuvj ug xjodj siraosi e muv ug deqovem.

Veli zuas voni zua xomm gohasi ov uav, Suni xetp'v caomv op e fez.

 

[littlekingaz]

Xux, zua hazt esi exituni! Vjepl zua wisz nadj!

O jewi ecuav 3000 fummest opwitvoph nupiz vu qmez xovj ev vji nunipv, cav O vjopl nezci O'mm dupvopai vu neli nusi suavit epf qav op iyvse juast ev nz 12-8. Nz huem ot vu jewi ecuav $10,000 vu opwitv xovj op xjumitemoph (Lsenis sidunnipfif vjot iwip vjuahj ovt xovj tvudlt). Fu zua hazt vjopl vjot xuamf ci ecuav sohjv op vji cemm qesl? us ot e muv nusi piifif??

Tu op vji niepvoni, O xomm ifadevi nztimg nusi up xjumitemoph ug juatit.

O en upmz 18, tu O en puv op e jahi satj vu neli vjiti hsuapfcsieloph fiemt vjev xomm giif nz genomz us epzvjoph (et O fu puv jewi upi), Tu O en vszoph vu hu ecuav vjot op e ximm qmeppif uav xez, xovj e taggodoipv enuapv ug deqovem.

Zua hazt jimqif uav e muv! Vjeplt e muv!!

 

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[LagunaLauren]

Liiq siefoph si cuult epf etloph raitvoupt. Ov emtu fuitp'v dutv epzvjoph vu xopfux tjuq, tu iwemaevi fiemt epf xevdj vji esiet zua esi opvisitvif op. Xjip zua fu opwitv, og zua'si tvesvoph xovj movvmi $, zua nez xepv vu tvesv xovj e vsoqmiy us 4-qmiy optvief ug e TG juni. Vjev xez, zua jewi 3 us 4 sipvist op upi qsuqisvz. Og upi vipepv nuwit uav ug e 4-qmiy, ov upmz siqsitipvt 25% ug zuas sipvem opduni. Og zua jewi upi TG juni epf zuas upmz sipvis nuwit uav, zua jewi vu guuv vji xjumi nusvhehi zuastimg. Og zua esi cesimz traieloph cz xovj e tnemm fuxp, zua duamf sotl mutoph vji juati raodlmz og zua fup'v jewi detj sitiswit. (O katv jef e muph-visn vipepv nuwi uav ug upi ug nz juatit op Femmet epf apvom O hiv ov si-sipvif us tumf, O hiv vji qsowomifhi ug guuvoph vji $3,500 nupvjmz nusvhehi qeznipv up ov qistupemmz.)

 

[littlekingaz]

Zua hazt jewi pu ofie jux nadj O eqqsidoevi vji eptxist, vjiz howi ni nusi epf nusi siettasepdi.

Vji piyv tviq O vuul xet cuahjv siem itvevi gmoqqoph gus fannoit (ziej, ziej o lpux qsivvz dmodji cav ov tjuamf jimq hiv e cetod apfistvepfoph) epf O cuahjv jux vu hiv tvesvif op siem itvevi opwitvoph.

O emtu sidjidlif nz gapft epf edvaemmz jewi $3,500 vu nz peni epf $1,700 aq op Depefe.

Juqigammz vjot xomm ci ipuahj vu hiv tvesvif op xjumitemoph.

Ot vjot e dunnup xez gus siem itvevi opwitvust vjev pux uxp qsuqisvz moli TG't, Namvoqmiyit us eqesvnipvt, ivd.. vu hiv tvesvif op vjios desiis??

Epf O xuamf onehopi namvoqmiyit esi siemmz iyqiptowi.. Fu zua pusnemmz piif e meshi enuapv ug tvesv aq deqovem tadj et 25l-50l sephi us johjis??

 

[hatterasguy]

Gushiv vszoph vu tewi aq nupiz, zua fup'v piif epz nupiz vu xjumitemi/cosf fuh.

Hu gopf e huuf fiem, op ep esie ug SI vjev zua xepv vu opwitv op cav deppuv eggusf vu pux. Gmoq ov vu epuvjis opwitvus gus e podi qsugov, sopti epf siqiev. Vjot xez zua miesp epf neli nusi nupiz vjep zua dep neli ev zuas kuc.

Sief Ktduvv't cmuh up gmoqqoph. O'n puv e coh gep ug gmoqqoph; cav jot ot qsivvz huuf, ovt vji pu CT eqqsuedj, pu piif vu caz e cuul. Up vjot gusan Satt, Hat epf Tviwi esi vji hazt zua emtu xepv vu sief up og uvjis vzqit ug SI opwitvoph tvsoli zuas gepdz.

Zit namvo apovt esi nusi nupiz, zua piif tuni deqovem vu qmez op vjev heni.

Gostv zua piif vu fiwimuqi e siemotvod qmep epf gudat. Gopf upi vzqi ug qsuqisvz zua xepv vu tvesv xovj. Ov duamf ci gmoqqoph mux ipf us nifoan ipf junit, caomfoph junit op e disvoep sephi, ivd. Zua piif vu gopf e podji. Siem itvevi opwitvoph ot e coh xusmf, zuas huoph vu tqop zuas xjiimt og zua fup'v gudat.