Working with an investment company or solo?
I am new to this industry and I'm trying to learn as much as possible. I started by becoming a licensed realtor. I was told that becoming licensed was not necessary and it was a waste of time. Someone suggested that I work with an investment company. The investment company buys the property rehab it and then re-sales it to me. The company handles the loan end of it also. I would not have to put any money down and I would actually get a little money back at closing. After doing research I found that the company takes the equity out of the home before I even get the property.
I don't like that I want my own equity :cry The only good thing that I see coming from the investment company is that I could acquire more in less time. I Just don't know if it's really worth it 
If there's any one that could lead me in the right direction I would greatly appreciate it. 
It is not a downfall having your RE license. It can be a plus. If you come across a deal that doesn't fit your plan. You can still make money by getting the listing. Of course, if you get the property sold.
I'm sure everyone will have mix emotions about working with Investment Companies. I personally like to farm my on deals. This way I can make more of a profit. Being that you are new to the RE business start building your team. In your team you want to include the Investment Co.
~Josh
Thanks! Josh
Josh, I heard that real estate is very inexpensive in Florida. Is that true? How does it compare to Michigan. I can build a 2500 sq. ft. brick home in Michigan for about $250,000. What about Florida?
Hola
Hello Hola02, obtaining RE means different goals for each investor. You will have to figure out what your goals. I can see where gaining RE with no-money-down can be a good point. There will be equity build-up, rents will increase, and tax deductions over time.
Now some will want the money up front. It just all depend on your own situation and investment goals.
Thanks Vern,
I would like to start off investing small, learn the industry and continue growing from there. I want to be sucessful with this. My goal is to obtain at least 10 properties this year. I am also going to become a licensed realtor this month. I no exactly what I want I'm just not sure how to go about getting it. There is so much to learn. I guess like anything else experience is the best teacher. Any advice on where to start? Thanks in advance