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Q: Is there a website caculator, that shows how to live off Real Estate Investments. By borrowing the equity that has bult up in the property's. Continuing to rent them out, then Borrowing the equity that has built up again?Thanks: Before you start, obtain a Real Esate license so you can do your own sales, make money that way too. You will also meet the right people and know the correct laws.

Q: What kind of offense can prevent you from getting a texas real estate license?: Each state outlines what licenses in their state is allowed to do. You may not do much of anything unless you are working under the license of a Real Estate Broker from your state. I really don't know what a real estate person with a license is able to do in Texas. You have to check with your broker or find out from the state via the Internet or by making a telephone call to the Department of Real Estate, or what ever they call themselves in Texas. In California a licensed person may work as a property manager with a property management company. Property management company manage both residential properties as well as commercial properties. These property managers are paid a salary. They are assigned various task, so you might inquire as to what services you might be doing. Some inexperienced agents work for other agents called assistants until they have gained a little experience and then go on their own. The real estate agent pays them a small salary. These individuals hold open houses, collect signatures, take listings and other things that are outlined by the person for which they work. I hope this has been of some use to you, good luck. FIGHT ON

Q: Is there a certain license I need to get or just a regular real estate license? Also, if someone could give me a better idea of where to go to get a real estate license. I live in Oregon. Thanks a million!!: Contact any large real estate firm in your town. They usually will offer classes. Then you take the exams, and if you pass, you get your license. As far as high end or luxury real estate, I am sure EVERY agent would like to be selling the over million dollar homes. Fact is, the clients of these homes EXPECT an experienced professional who is knowledgeable in marketing their property. By you asking if you need a special license to sell high end property and then following that up by asking how to even get a license, tells me you aren't quite ready for the luxury market. Get your license first...then sell some properties so you have a track record and move up the ladder to the more expensive homes.

Q: I'm interested in how veterans of real estate investing broke into the market. I've read too many books and listened to too many seminars that pin your start on: Real estate is not something to do on a whim. Investing in real estate is a life long pursuit to take control of your financial future – not a get-rich quick scheme. As an investor – you will struggle. You will make mistakes. You will fail. The successful investors are the ones who can take those experiences and turn them into lessons to improve their skills. zoobia

Q: I am looking to buy a condo in Agoura Hills, CA (north LA County) within two years, but have noticed that prices have gone WAY down this past year. A friend who is into real estate says they will continue to go down next year, but I won't be able to buy for another two. Should I bite the bullet and buy in a year if prices are outragously low?: Condos aren't a good bet in this market but anyone can predict but no one knows - last time this happened people were paying to unload their condos. Save up get your credit stellar and buy where you want to be. Good luck!

Q: We had an interesting situation happen recently. We are selling our home For Sale By Owner. We had an interested party call us up, talk to us about 10 minutes, and schedule a showing of our hope. They came, looked around and seemed VERY interested. They mentioned they were working with a real-estate agent, and we said we didn't have a problem with that.Anyway, we haven't seen the couple since, two days later the real-estate agent gets a hold of us and tells us he'd like to meet with us tonight to discuss with us the couple and their intentions. I say yeah, he tells me he's going to call us at 6pm that night and come over soon after that.He calls me again 30 minutes later, and says he is about to meet with the prospective buyers. He then starts asking me some very probing questions, specifically trying to find out the exact amount we'd sell the house for. I quickly tell him it's up to the offer price, and who is paying closing costs/ his commission.: I don't smell any fraud in the story. We have a 5-bedroom 5-bath home near the beach in LA. We routinely get letters from agents saying they have a buyer interested in our neighborhood or our specific home. These agents are never from a major Realtor. We listed our home last spring with a local firm who stated they had clients qualified to buy a home in our price range. In reality, Realtors don't really have buyer clients b/c there's no serious agent/client relationship in this situation. This turned out to be a mistake. When the listing expired, our home phone started ringing off the hook. These were agents who saw our home in the expired listings. We relisted with the biggest name in U.S. real estate. They have been advertising weekly and we are seeing a lot of traffic. No open houses. The bottom line: There are Realtors of all flavors. A lot of inexperienced people got into the business recently. Now, they are trying to figure out how to stay in the business.

Q: i plan to go in this. can someone that is going in or in real estate please tell me, so i can make my mind up.: John, Please keep ur day job. you may not remember the crash of the Saving/Loans of 80's try finding a Realtor from then. the average realtor doesn't make a 'real income ' the first 2- 3 yrs. National Realtor Assoc. they stay 'pt/tm'. keep ur day job. we work with 'realtors' that are becoming real thin, lately. real estate inspector, appraiser, agent, loan processor ,broker, lots of them fighting for slim pickings.

Q: I have 3 more classes until I am fineshed with real estate school.Any suggestions or advice.I am thinking of starting out with apartment locators rather than homes!!I dont know.... I am married and 21 and I have been through a few other career choices and they didnt work out. I hope I will like real estate.Is it good money in Texas???HELP HELP!!!Thanks much: not a business you will be able to call the shots out of the chute. you'll start working open houses, boring. at other times you will farm. (things like searching for for sale by owner and convincing owner to let you list it). be prepared to be broke if not in debt for the first six months minimum. (you will need to pay some serious money out). think about lots of gas, pay for multi listing, realtors board, etc. good luck though. you get through the start up, and you hustle, you can make good money.

Q: I inhereited a home in Texas from my parents about 7 years ago. I have been putting as much $ as I can afford to keep it up and to pay the taxes. I don't know much about real estate, so can someone please help.The house is in Texas and I live in Illinois.I can't afford to travel to Tx. and do this myself. The house is vacant on 1 acre. The house needs work.The real estate taxes are too high for me ,especially since the house is run down.Who do I contact and how do I try to get the taxes lowered ?: It is determined by plenty of matters. If any person dies, it is determined by whether or not they left a will or now not. Even that may get difficult. If it was once simply a practical will, in which the deceased mentioned all their resources are left to a particular character, the desire should be probated by way of the court docket. A method to preclude that is to set up a believe even as the character remains to be alive after which the distribution of resources will also be treated by way of the legal professional who helped identify the believe and intervention by way of the court docket isn't quintessential. If there's no will, a practical will or a believe, you'll have got to paintings with an property legal professional, both the one that mounted the desire or believe, or one you rent for your possess. What occurs subsequent is determined by the quantity of understanding you'll acquire insofar because the resources left in the back of. It is determined by whether or not the deceased had coverage that could repay any last loan on the time in their loss of life. If now not, and the surviving inheritors can not or do not desire to make repayments at the apartment, you will have almost inherited their debt. You can promote the apartment, however best in the end the resources had been probated and an executor of the property has been appointed by way of the court docket. This is some thing you fairly must speak approximately together with your mom and dad. What they've in position insofar as residing wills, trusts, powers of legal professional must be shared understanding with the character they've decided on to bring out their needs.

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