I’d like to introduce myself before asking a few questions that I’m unclear about. I’m 24, male from the Twin Cities. I’ve been reading a lot of Robert Kiyosaki books and playing his CASHFLOW games, and attended a few seminars.
I know there are many ways to invest in real estate, but to begin I want to start out small. I choose bird dog as a start up to help me with my financial situations be it low risk and requires no or little money.
How do I find these numbers for the investor?
1. Asking Price (I know this one :biggrin) 2. Property Value 3. Repair Costs 4. Repair details 5. Mortgage Balance (If applicable) 6. Mortgage Payments (If applicable) 7. Reason Why the seller is Selling! (I'll answer this one myself) 8. Comparables 9. PHOTOS (I should know this one) 10. Full Address and contact INFO of Owner (And this too)
NOTE: Are there anything else that I need for a smoother transaction from seller to investor? Please fill in the blanks.