I’ve had a job for about a year now and i’m getting close to 4000 dollars. At first I thought i’d buy a car but what good would an old used car do a few years down the road, i’d just have to buy another one in a few years plus pay for all the repairs. So investment struck my mind. I’m only 16 though and have about 4000 dollars with a limited amount of income. This will be my first time investing and I’m not really sure how to do it and have some questions?
Can a 16 year old invest?
Do I have to invest through a broker? How does that work?
Is that enough money to invest in real estate? Is it possible to join in with other people investing in realestate?
Should I wait to invest because of the bad economy?
I know there’s also mutual funds but that doesn’t really appeal to me.
Best bet would be shop around for a CD (Certificate of Deposit). Stocks are risky at the moment, and are for more long term investments. Real estate is also shaky and for $4000 you really wouldn’t be able to do too much. You can get a CD at any local bank, they usually hold your money for 6 months to a year and can tell you exactly how much money you will earn for letting them hang onto your money for that year. If you want to learn more just click the link I have.
Now that corporations have unlimited access to influencing government, how long before china, Saudi Arabia, Russia, and EU pipeline their agendas through the corporations, of their prospective countries.
a) 1 years (congress)
b) 3 years (presidency and congress)
c) 5 years (congress )
d) 8 years (presidency and congress)
e) ?
By the way, you can thank republicans for putting America up for sale to the international community. America will now be expected to tap dance to the tone of the highest bitter. Now it is officially a whore.
Get ready people, because the New World Order is upon us. And republicans have put them on the drivers seat.
We used to have statesmen,
then they became politicians,
now they will become prostitutes.
I am predicting $6 million for a representative, and $8 million for a senator.
Governors will go relatively cheaply, at anywhere from $2-5 million.
"Hi texas, this is your new representative…sponsored by exxon…"
You see all this, sell on ebay, buy realestate, bla bla bla stuff on TV. Well whats the truth. How can I make a good living and still work from home.
if you are interested to work from home with cell phones, check out this website…
http://work-from-home-training.blogspot.com/
Here you can get the best coaching course how to work from home with cell phones and make a realistic $3000 a month.
It does vary from state to state, but generally you just take your pre-license course, pass the exam, pay all the fees, and you are in! I will say that it takes money to make money in this feild and the more sales/marketing/executive experience you have the more likely you are to succeed.
If you do decide to and become licensed, make sure that you REALLY interview brokers. Find one that provides you with leads and good training.
Hi
I am looking for a bank that will finance a real estate loan with maybe 10-20% down payment. I am not working in US neither do I have a SSN in US. I work in Europe but are looking for banks that can give loans for buying real estate in US.
You are out of luck. No bank will risk that kind of liability.
I live in Los Angeles and I am considering purchasing realestate in texas. I am trying to generate positive cash flow. I am looking for 1 stop place where broker can help me purchase and help me with property management. Since I live in LA it has to be someone extremely responsible and knowledgeble. If you had positive experience in this area please let me know who I should contact
You’re too late. Too many investors have already bought, driving sale prices up and driving rental prices down.
In San Antonio, there are new, never been lived in houses, sitting vacant since July because they’re not renting. Also, when they do rent it will not be for a positive cash flow.
The average sale price in San Antonio is about $165K. A house in that price range, bought with a 5% down payment and 6% interest will have a mortgage (with escrows for tax and insurance) of about $1,600. That house will then be able to rent for about $975 to $1,150.
My broker is a full time property manager and this past summer was getting calls from SO many California investors who had just bought houses that they wanted him to rent for them. Their hearts were broken when he told them the facts of how much they could rent for.
Mr. Beck says you can buy Tax foreclosure property for pennies on the dollar. To me if the owner of a property owes taxes …that person most likely is in default of his mortgage as well.
Why would the bank that holds the note on the property let the home go …with the bidder only having to pay the back taxes free and clear of the outstanding mortgage debt?
Makes Little sense to me. Beck says these properties are free and clear….why would the mortgage company let it go? Any help is greatly appreciated.
This is a scam. Don’t waste your money on his course. If there is any value to the property over the unpaid taxes, there will be bidders at the tax sale.
No home with a mortgage will go to a tax sale if the mortgage is wiped out as it is in most states. The lenders are not that dumb.
i need help on lease uption to buy.?
i need a lot of expertise on real estate. my wife and i own and home in michigan, and we have and buyer, but the buy like to go "lease uption to buy." what i like to know what is the rules and the law and what is my responablilty here. but i live in las vegas, please explain, what will you due. yes! i due have and realture that sale my home, but i like to know also what does he get out of it. i need someone who is in realestate law and know what they are doing, please help out with al ot of question and answer, asap, thank you!
He gets whatever your listing agreement you signed with him states he gets. Here…we don’t get paid un til the purchase is complete. We handle lease purchases like a rental and then a purchase and our listing agreements state we get 1 months rent when the leasee gives his deposit and rent up front and then we get our full commission when the purchase is complete. If your buyer is leasing for 1 year and has a 1 year balloon or 1 year to secure a mortgage then that is when our agents get paid. Check your listing agreement. Good luck!
l watched the program on tv and he souned pretty good but am not really sure if what him and his student said are really true. cos they all testified to buying realestate with no money down. is that real or is it a scam.
sweetie, have you been living under a rock? pick up the business journal, or read any news, or watch any financial report. the market is dead and people are bankrupt for doing EXACTLY what the book urges.
Our house has been on the market for 3 months now. For the past month its been quiet. So we called our agent up and asked if he would come over and we could talk about what we could do to get people more interested in the house. He called back saying hes going to send a email. Ok. So his email was not even a paragraph which said either to lower the price or pay him more. We already told him that we cant sell the house for less then we paid for it. Even if its the same amount just not lower. And as for his commision he does it in 4 levels and we are at the 3rd. All he has done is put the house in the paper. People who did come were told about the house from their own agent. Why would we pay him top dollar to do nothing. How would you deal with this issue. Because its driving us nuts. He wouldnt even come talk to us face to face. The last time we saw him was when he listed the house 3 months ago.
the contract was for 6 months. So 3 more months to go.
with the levels he uses as commission is percentage you pay for his "efforts" . so as of right now we would be paying him 6% to sell the house. If we went to the top level it would be 7% total commisson.
Im from Canada. I understand the market i really do. Thats not my concern. My concern is the agent.
When does your listing expire? If it isn’t going to be for a while yet, ask for your listing to be cancelled.
I don’t understand about the 4 levels of commission & you are at the 3rd??? He has 4 different commission plans he offers to sellers based upon his efforts??? 6% total is common with 3% going to the listing office and 3% going to the selling office. If you signed up for something significantly less than that, I could understand his lack of creative marketing but not customer service. Something just doesn’t sound right with the 4 levels to me.
You need new life to be breathed into your listing & it’s stale with this agent. Relisting with another agent that will employ more creative marketing efforts will get you back on the hot sheets & back in prospect’s MLS listing carts.
Updated:
Good lord NO!!! He’s a crook! He hasn’t earned the 6%. Just out of morbid curiosity, how much of the 6% is he offering to the selling office?
Did he offer any type of service guarantee or customer service speel when you listed, like if you are not totally wowed/satisfied by my service you can…?