BS human development, need MA/grad/law school help!?
I have just finished my BS in Human Development and an internship as a policy intern at a non-profit mental health organization (NAMI). My high school experience was very mismanaged by poor counseling and school psych staff. I love school and graduated with a 3.4 GPA. Not great but had a rough first year. I have taken practice LSAT tests for fun and although I never recorded my exact score, I know I did fairly well. Many people have told me I should be a lawyer as I am very passionate about advocating for people who aren't able to do it themselves, for whatever reason. Basically, I want to make sure children with special needs (IEP, day treatment, etc) due mental illness are not mistreated in the public school system. Do you think an MPP/JD would be a good route for me in grad school, or do you recommend something else? I'm not sure if I'd really enjoy public policy as I'm learning at my internship it is long, monotonous work most of the time. My understanding of this may be wrong, though, too. Is there some sort of Education Law that may cater to helping the families of students with mental illness who have been mistreated in the public school system? Or maybe making sure it never happens in the first place?? I am very confused as to my options and looking for guidance. Master of public policy? Master of clinical psych? Master of Education/edu admin? JD? Time and finances are not of any concern, simply looking to get the best education I can and to help the most people possible in the future. Help! :) Thank you!
Law & Legal - 1 Answers
Random Answers, Critics, Comments, Opinions :
1
Please be aware of what you are proposing on getting yourself into. Please do more research first. Reminder: We are in a World-wide Recession. Consider career paths that have available jobs.<<<<<< Warning> Jobs in the field of Law are drying up fast!! This is just not a good field to invest time and/or money into. This is a SHRINKING, crumbling, and dying vocational field. Many reasons. Many people today (mistakenly) think they can do their own legal work, thanks to the Internet. Also, we simply already have way too many Legal Professionals - we have an absolute glut!! ("Legal Professionals" includes, but is not limited to: Attorneys/Lawyers, Paralegals, Legal Assistants, Legal Secretaries, Bailiffs, Court Reporters, etc, etc) There are no jobs in this vocational field. My family, coworkers, friends, acqaintances, etc. are being laid off left and right in this vocational field. Employers (usually law firms) in the field of Law today want employees with degrees from traditional colleges/universities. Those "certificates" you see advertised aren't worth the paper they are printed on - they are generally scams. (I found this out the hard way.) Cost of law school to be lawyer, approx $150,000+. Be prepared to take on a lot of debt.<<<<<<<<<< Even if you finish law school, you won't be able to find a job when you are done. Since this vocational field is shrinking, many new attorneys/lawyers are, themselves, having to work "down" as Paralegals, Legal Assistants, Legal Secretaries, Bailiffs, Court Reporters, etc, etc, to simply try to keep some of their bills paid <<this would be your competition. And the competition is fierce!! Now... the law schools know this, but they won't tell you the truth >that the job market/economy is just saturated with way too many Legal Professionals. Instead the schools will feed you a fairytale and will lie to you. The root of the problem is we have too many law schools. We are in a recession, and the schools are fighting for their own survival - they will tell students anything to get to the students' money. (Which is why they won't tell you the truth about the job market for the field of Law.) And these schools continue to recruit and churn out even more graduates.............Remember: law schools are BUSINESSES - their top concern is making money for themselves. If you don't believe me, then just do a search here on Yahoo Answers to see what other posters are saying about the current status of the field of Law. Call some local law firms - ask to speak to the Manager of Human Resources - ask them if they are hiring; ask them what they think about job availability in the field of Law.................. In the book "So You Want to be a Lawyer?" by Marianne Calabrese and Susanne Calabrese (ISBN 0-88391-136-1): "The United States has more lawyers than any other country in the world. About 38,000 students graduate >each year< from the 200+ law schools in the United States. The competition is very keen for jobs and clients." - Even Associate Justice Antonin Scalia (who served on the U.s. Supreme Court for more than 20 years) says there are too many lawyers. (9/14/2008) Check out these websites: http://informeddecisionmaking.blogspot.com http://calicocat.com/2004/08/law-school-big-lie.html http://abajournal.com/news/triplt_bad_news_for_law_students_three_firms_aX_summer_associate_programs/ http://abajournal.com/news/as_rio_tinto_saves_millions_other_corps_will_outsource_too_counsel_says/ http://blog.penelopetrunk.com/2009/02/03/dont-try-to-dodge-the-recession-with-grad-school/ (A link to a website does not constitute endorsement.) If you want a job when you are done with your studies, consider and look into the fields of >>>Healthcare or Information Technology! I spoke to a career counselor from Jobs and Family Services, and HE told me that these areas are where the jobs are, and future job availability! and scholarships! Good luck. (This is based on my current knowledge, information, belief, and life experiences. This was intended as personal opinion, and not intended to be used as legal advice. Please be careful and do your research.)
Saturday, January 28, 2012
Saturday, January 21, 2012
I need a car
I need a car...............?
Where coud I go to get a car in Worcester ma or surrounding that will finance me with a credit score of 550? I have $1000.00 to put down on one. I need one asap where I go to schoool full time and I go to work directly after. I take the bus 5 days a week and have to walk a mile to get to the bus stop in the morning and I take two buses to get to school and then one to work and one back home. Can someone please help me out? Anything is appreciated! Thanks guys!
Buying & Selling - 4 Answers
Random Answers, Critics, Comments, Opinions :
1
go to ebay they have them they sell cheap ones lol fucker
2
The last place I would look is eBay. With a low credit score I'm not sure a loan is a good idea at all for you. I know how tiring it must be to take public transportation but if you'd just hand in there for a little while longer and save a few hundred dollars more you can buy a decent used car and pay cash. Then you won't have to worry about a predatory lender taking advantage of you. You really don't want to go to a Buy Here Pay Here lot because they sell really crappy cars and they charge way too much for them and then they hit you up with 22% interest and it's just not a good thing. Nobody needs a car that bad. Save some more money, shop smart and pay cash for a decent used car.
3
Only buy here pay here places will finance you. And with $1000 down, you wont get much more than maybe a $1500-2000 car. Except you will owe $250 a month for 2-3 years. If & when the car breaks down, you will STILL owe. If you cant find a cosigner with good credit to sign for you, you just have to stick with cars you can afford with cash. They may not be much but its better than paying 6500-$10,000 for a $1500-2000 car. And ensuring your credit never gets better if you don't pay on time. You can get a decent running car for $1000 & under. You just cant be picky. Its going to probably have to be UGLY and/or have faded paint or dents. That's ok. How it runs is far more important. William, posting below me is WRONG. There is no federal law that limits interest to 21%. Many places charge 29%. That said, interest is not the primary rip-off,its price. And it HAS to be because if they will finance you, they will finance anybody and as a result they will lose cars, take losses and so forth. No, I have never used a buy here pay here lot. But I know how they work and I know a number of people who have them. I was at one, their lot was full of $600 cars and they were flipping a coin to determine if the guys purchase price for the $600 car with $500 down was going to be $3995 or $4995.
4
I wonder how many of these people who are denigrating buy here pay here have actually used one. Shop around, not every one is out to rip you off. One word of advice. if you do use buy here pay here, make sure it is one that reports to credit agencies as this is the only way to build your credit back up. This is smart so you don't have to go through this again. By the way,federal law limits interest to 21%.
Where coud I go to get a car in Worcester ma or surrounding that will finance me with a credit score of 550? I have $1000.00 to put down on one. I need one asap where I go to schoool full time and I go to work directly after. I take the bus 5 days a week and have to walk a mile to get to the bus stop in the morning and I take two buses to get to school and then one to work and one back home. Can someone please help me out? Anything is appreciated! Thanks guys!
Buying & Selling - 4 Answers
Random Answers, Critics, Comments, Opinions :
1
go to ebay they have them they sell cheap ones lol fucker
2
The last place I would look is eBay. With a low credit score I'm not sure a loan is a good idea at all for you. I know how tiring it must be to take public transportation but if you'd just hand in there for a little while longer and save a few hundred dollars more you can buy a decent used car and pay cash. Then you won't have to worry about a predatory lender taking advantage of you. You really don't want to go to a Buy Here Pay Here lot because they sell really crappy cars and they charge way too much for them and then they hit you up with 22% interest and it's just not a good thing. Nobody needs a car that bad. Save some more money, shop smart and pay cash for a decent used car.
3
Only buy here pay here places will finance you. And with $1000 down, you wont get much more than maybe a $1500-2000 car. Except you will owe $250 a month for 2-3 years. If & when the car breaks down, you will STILL owe. If you cant find a cosigner with good credit to sign for you, you just have to stick with cars you can afford with cash. They may not be much but its better than paying 6500-$10,000 for a $1500-2000 car. And ensuring your credit never gets better if you don't pay on time. You can get a decent running car for $1000 & under. You just cant be picky. Its going to probably have to be UGLY and/or have faded paint or dents. That's ok. How it runs is far more important. William, posting below me is WRONG. There is no federal law that limits interest to 21%. Many places charge 29%. That said, interest is not the primary rip-off,its price. And it HAS to be because if they will finance you, they will finance anybody and as a result they will lose cars, take losses and so forth. No, I have never used a buy here pay here lot. But I know how they work and I know a number of people who have them. I was at one, their lot was full of $600 cars and they were flipping a coin to determine if the guys purchase price for the $600 car with $500 down was going to be $3995 or $4995.
4
I wonder how many of these people who are denigrating buy here pay here have actually used one. Shop around, not every one is out to rip you off. One word of advice. if you do use buy here pay here, make sure it is one that reports to credit agencies as this is the only way to build your credit back up. This is smart so you don't have to go through this again. By the way,federal law limits interest to 21%.
Saturday, January 14, 2012
Please help me edit my resume...thanks. looking for an Acct.internship, thanks
Please help me edit my resume...thanks. looking for an Acct.internship, thanks.?
OBJECTIVE •To obtain an accounting internship, where I can apply the skills that I learned in my accounting courses to a real-world setting. EDUCATION School XXX’, Boston, MA Candidate for BSBA Accounting & Communication Studies Honors and Clubs: Dean’s List, Commuter Student Association, and Finance Committee. EXPERIENCE COmpany XXX Boston, MA Assistant to Manager of Finance and Administration December 2006- August 2008 •Maintained a positive relationship with administrators by ensuring that their materials were delivered in a timely manner. •Assisted company’s accountants and finance manager with several administrative task •Assisted with preparing for annual audits •Filed weekly account payables invoices. •Daily cash applications and receipt processing. •Used communication skills by greeting visitors as they enter COMPANY XXX. •Maintained a clean and organized environment. Company XXX Boston, MA Office Assistant June to August 2006 •Assisted in directing the activities of student at The Nicastro Learning Center at Quincy College •Increased students knowledge and competence of the new software in the center. •Enforced Learning centers rules and regulations to guide conduct maintain discipline and safeguard health of students •Archived and organized files. •Organized and coordinated stock Company XXX. Boston, MA Sandwich/Salad PreparerFebruary to June 2005 •Prepared salads and sandwiches to individual order of customers. •Received cash, checks and completed credit-card transactions from customers and employees •Assisted customers by providing information about menu items. •Retrieved customer orders over the phone. SKILLS Proficient in Microsoft Office; word, excel, Powerpoint and access and Filemaker Pro. And Strong Organizational and Interpersonal Communications abilities
Other - Careers & Employment - 2 Answers
Random Answers, Critics, Comments, Opinions :
1
Very good resume. Couple pointers though: What was your position at Quincy College? Needs to listed. Also if you have received any recognition in a job - be sure to put it down. such as received award for increased productivity.
2
Lost of good information. Needs to be more results oriented. What did you accomplish? What did your actions do to impact the business results? What impact did you have on customer satisfaction? How much cash did your decisions bring into the company? Can you document ROI on any of your projects/actions? Accountants are a dime-a-dozen...business thinkers will ALWAYS command a premium, regardless of market conditions. Consider reading Ram Charan's book: What the CEO Wants You To Know or attending workshop like found at www.6businessdrivers.com...there are many out there, this is just an example. Good luck.
OBJECTIVE •To obtain an accounting internship, where I can apply the skills that I learned in my accounting courses to a real-world setting. EDUCATION School XXX’, Boston, MA Candidate for BSBA Accounting & Communication Studies Honors and Clubs: Dean’s List, Commuter Student Association, and Finance Committee. EXPERIENCE COmpany XXX Boston, MA Assistant to Manager of Finance and Administration December 2006- August 2008 •Maintained a positive relationship with administrators by ensuring that their materials were delivered in a timely manner. •Assisted company’s accountants and finance manager with several administrative task •Assisted with preparing for annual audits •Filed weekly account payables invoices. •Daily cash applications and receipt processing. •Used communication skills by greeting visitors as they enter COMPANY XXX. •Maintained a clean and organized environment. Company XXX Boston, MA Office Assistant June to August 2006 •Assisted in directing the activities of student at The Nicastro Learning Center at Quincy College •Increased students knowledge and competence of the new software in the center. •Enforced Learning centers rules and regulations to guide conduct maintain discipline and safeguard health of students •Archived and organized files. •Organized and coordinated stock Company XXX. Boston, MA Sandwich/Salad PreparerFebruary to June 2005 •Prepared salads and sandwiches to individual order of customers. •Received cash, checks and completed credit-card transactions from customers and employees •Assisted customers by providing information about menu items. •Retrieved customer orders over the phone. SKILLS Proficient in Microsoft Office; word, excel, Powerpoint and access and Filemaker Pro. And Strong Organizational and Interpersonal Communications abilities
Other - Careers & Employment - 2 Answers
Random Answers, Critics, Comments, Opinions :
1
Very good resume. Couple pointers though: What was your position at Quincy College? Needs to listed. Also if you have received any recognition in a job - be sure to put it down. such as received award for increased productivity.
2
Lost of good information. Needs to be more results oriented. What did you accomplish? What did your actions do to impact the business results? What impact did you have on customer satisfaction? How much cash did your decisions bring into the company? Can you document ROI on any of your projects/actions? Accountants are a dime-a-dozen...business thinkers will ALWAYS command a premium, regardless of market conditions. Consider reading Ram Charan's book: What the CEO Wants You To Know or attending workshop like found at www.6businessdrivers.com...there are many out there, this is just an example. Good luck.
Saturday, January 7, 2012
How good of credit do you have to have to finance a computer from a place like DELL
How good of credit do you have to have to finance a computer from a place like DELL?
I have 'fair' credit.. not GREAT.. not bad, not good, but not bad. I HATE financing things.. i hate it.. trust me, i dont want to. But im wanting to get this laptop for my husband for x-mas and cannot just shell out the $1500 in the next couple of weeks. So i would have to finance for only 4/5 months to pay it off. But im just wondering.... how good of credit do you have to have?
Credit - 1 Answers
Random Answers, Critics, Comments, Opinions :
1
For Dell you need top credit i was refused so i went to Best Buys and was able to get one interest free for 18 months paid it off. WAS VERY EASY TO GET CREDIT FROM BEST bUYS they used hsbc.
I have 'fair' credit.. not GREAT.. not bad, not good, but not bad. I HATE financing things.. i hate it.. trust me, i dont want to. But im wanting to get this laptop for my husband for x-mas and cannot just shell out the $1500 in the next couple of weeks. So i would have to finance for only 4/5 months to pay it off. But im just wondering.... how good of credit do you have to have?
Credit - 1 Answers
Random Answers, Critics, Comments, Opinions :
1
For Dell you need top credit i was refused so i went to Best Buys and was able to get one interest free for 18 months paid it off. WAS VERY EASY TO GET CREDIT FROM BEST bUYS they used hsbc.
Sunday, January 1, 2012
Best way to start investing in real estate
Best way to start investing in real estate?
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 deal-of-a-lifetime type purchases and shady accounting. Do you think its worth buying, improving and selling a home in a short time? Do you think buying and renting is the better way to go? (Renting seems better if prices fall but carrying several mortgages is as scary) What kind of financing did you use? Down Payment? (Yes/No/How Much?) How much was your initial investment if you were improving the property? Did you take out any loans to cover your improvements? I'm in my mid 20's. I live in the South Shore MA area. I don't pay rent and incur about $400 monthly expenses. I have a good full time job (+50K), some saved money (+10k) and good credit. I'm very organized, fairly well educated on the subject (a lot to learn) and i have friends who are listing agents and contractors. Any feedback/contact would be appreciated
Renting & Real Estate - 6 Answers
Random Answers, Critics, Comments, Opinions :
1
I would recommend to put as much as you can as down payment. After that scramble to pay it off as soon as possible.This will greatly reduce your risk of being suffocated by interest charges. The banks will also be happy to lend you more money if they see you have little debt. You can use the equity you've built in your first property to borrow some more. If you have reasonably wealthy parents, you can ask for their help. Borrow from them to increase your deposit. Paying down your mortgage to manageable level should be your priority. By manageable I mean positive cash flow.
2
I can tell from my own experience. I did buy a fixer upper in AZ but the market was hot and crazy at that time, I overpaid for the house, which was in a terrible shape. I spend about $20,000 for repairs, the house was on the market for 9 months and finally sold but I really had to go down with my price and pay all closing fees about $7,5000- I took equity loan against another property but still it was about $1,000 to be paid to the bank a month. The house was not rented out, because I thought it will sell fast. The area was not so great and I was afraid if I let someone move in they will damage the house. Most of the buyers had no money down or not a good credit. My advice buy when the market is low, rent it out for a while if you can't sell and sell it when the market is hot. Location, location is very important. Good luck
3
Flipping or renting depends on your long term goals. If you are in for a quick, dangerous, profit, then flipping would be the way to go. If you are more interested in possibly retiring early with a good cash flow throughout your retirement, I would buy to rent. When you research an apartment building to rent out (duplex/triplex/quadplex or a multiunit building), just be sure that your income will be higher than your expense, and you will be safe. It sounds easy, and it really is. Example? Sure! Lets say you pay 100k for a quadplex on which tenants pay electric and gas. 100k mortgage would be roughly $1400 a month including taxes and insurance. (Try to get them included and then you don't have to worry about it!) Put aside a set amount each month in a seperate account for repairs if you need them. Lets go with $150 for this example. Lets say each tenant uses $40 in water a month, so your expenses would be easy: $1400 mortgage $150 repairs $160 water _____________ $1710 in expenses So each unit would have to pay $427.5 a month for you to break even. If you can charge more than that (say $600 a month?) then the extra is profit in your pocket. When you do your planing on what you can afford, try to keep in mind that all units might not be rented all the time. For my apartments, since they are in a college town, I figure everything with 3 months of vacancy a year on each apartment. If you are okay on money at the moment, but want to retire early, get mortgages for like 20 or 25 years instead of 30, and pay over your payment every month. If you pay just $100 over on your principle every month, you can pay your loan off up to 10 years earlier. To purchase properties, I have had great luck buying on contract. For roughly 10% down, I have had owners finance me for up to 5 years before I had to get a commercial mortgage. All the improvements I've made to apartment buildings have come from that repair fund I mentioned earlier. Flipping is more work when it comes to research. You have to find where to get the money, find out how much (exactly) the repairs are going to cost you, and how much the home will sell for. The first house I put a purchase offer in on to flip had 2 months of planning behind it. Good luck.
4
I'm in a similar situation- 26, make good money for my age, etc. Although I'm still looking to break into the market same as you, my family is heavily into real estate (50 properties in CA/NV) so I can share some words of wisdom that I've picked up from them. 1) Multi-unit properties are valued based on the rental income they produce, single residency properties are not. Right now single family homes are too pricey to justify if you're looking to rent it out- your rental income will not cover your expenses in most cases. You stand a much better chance of having positive cash flow in this market if you buy a multi-unit building. 2) Screen tenants carefully- it is better to have a unit sit vacant for a month than put someone with a shady record into a lease just to fill up your building. This will lead to many headaches with evictions, property damage, etc. 3) Be prepared for the long haul. Real estate is the sure way to riches, not the quick way. Many rental properties barely make a profit for the first 5 years or so. But given time the rents will rise and mortgage won't, so you'll make $$$ down the road. Don't expect a quick easy return. Hope this helped. You are certainly on the right track and asking all the right questions. You'll get there eventually. Cheers
5
check this database of foreclose homes http://calihomes.blogspot.com
6
avoid the get rich schemes. there are many ways to invest in real estate. Some will say, "put down as much as you can" others will say "put the down payment on your credit card and leverage yourself". There are alot of opinions out there. You should do what works best for you. What are you goals? Do you want to be a landlord? Do you want to just own the property and hold it? How much time do you have to do this? Do you at least own your own house now? If not, I would start there. Ask your listing agents some information about the market. Try visiting a local REIA chapter (Real Estate Investors Assocation) they can be of some use, but they want to charge for membership. Or, try to find a Cashflow Club as well. Best of luck, Angela -http://www.ratraceclub.com
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 deal-of-a-lifetime type purchases and shady accounting. Do you think its worth buying, improving and selling a home in a short time? Do you think buying and renting is the better way to go? (Renting seems better if prices fall but carrying several mortgages is as scary) What kind of financing did you use? Down Payment? (Yes/No/How Much?) How much was your initial investment if you were improving the property? Did you take out any loans to cover your improvements? I'm in my mid 20's. I live in the South Shore MA area. I don't pay rent and incur about $400 monthly expenses. I have a good full time job (+50K), some saved money (+10k) and good credit. I'm very organized, fairly well educated on the subject (a lot to learn) and i have friends who are listing agents and contractors. Any feedback/contact would be appreciated
Renting & Real Estate - 6 Answers
Random Answers, Critics, Comments, Opinions :
1
I would recommend to put as much as you can as down payment. After that scramble to pay it off as soon as possible.This will greatly reduce your risk of being suffocated by interest charges. The banks will also be happy to lend you more money if they see you have little debt. You can use the equity you've built in your first property to borrow some more. If you have reasonably wealthy parents, you can ask for their help. Borrow from them to increase your deposit. Paying down your mortgage to manageable level should be your priority. By manageable I mean positive cash flow.
2
I can tell from my own experience. I did buy a fixer upper in AZ but the market was hot and crazy at that time, I overpaid for the house, which was in a terrible shape. I spend about $20,000 for repairs, the house was on the market for 9 months and finally sold but I really had to go down with my price and pay all closing fees about $7,5000- I took equity loan against another property but still it was about $1,000 to be paid to the bank a month. The house was not rented out, because I thought it will sell fast. The area was not so great and I was afraid if I let someone move in they will damage the house. Most of the buyers had no money down or not a good credit. My advice buy when the market is low, rent it out for a while if you can't sell and sell it when the market is hot. Location, location is very important. Good luck
3
Flipping or renting depends on your long term goals. If you are in for a quick, dangerous, profit, then flipping would be the way to go. If you are more interested in possibly retiring early with a good cash flow throughout your retirement, I would buy to rent. When you research an apartment building to rent out (duplex/triplex/quadplex or a multiunit building), just be sure that your income will be higher than your expense, and you will be safe. It sounds easy, and it really is. Example? Sure! Lets say you pay 100k for a quadplex on which tenants pay electric and gas. 100k mortgage would be roughly $1400 a month including taxes and insurance. (Try to get them included and then you don't have to worry about it!) Put aside a set amount each month in a seperate account for repairs if you need them. Lets go with $150 for this example. Lets say each tenant uses $40 in water a month, so your expenses would be easy: $1400 mortgage $150 repairs $160 water _____________ $1710 in expenses So each unit would have to pay $427.5 a month for you to break even. If you can charge more than that (say $600 a month?) then the extra is profit in your pocket. When you do your planing on what you can afford, try to keep in mind that all units might not be rented all the time. For my apartments, since they are in a college town, I figure everything with 3 months of vacancy a year on each apartment. If you are okay on money at the moment, but want to retire early, get mortgages for like 20 or 25 years instead of 30, and pay over your payment every month. If you pay just $100 over on your principle every month, you can pay your loan off up to 10 years earlier. To purchase properties, I have had great luck buying on contract. For roughly 10% down, I have had owners finance me for up to 5 years before I had to get a commercial mortgage. All the improvements I've made to apartment buildings have come from that repair fund I mentioned earlier. Flipping is more work when it comes to research. You have to find where to get the money, find out how much (exactly) the repairs are going to cost you, and how much the home will sell for. The first house I put a purchase offer in on to flip had 2 months of planning behind it. Good luck.
4
I'm in a similar situation- 26, make good money for my age, etc. Although I'm still looking to break into the market same as you, my family is heavily into real estate (50 properties in CA/NV) so I can share some words of wisdom that I've picked up from them. 1) Multi-unit properties are valued based on the rental income they produce, single residency properties are not. Right now single family homes are too pricey to justify if you're looking to rent it out- your rental income will not cover your expenses in most cases. You stand a much better chance of having positive cash flow in this market if you buy a multi-unit building. 2) Screen tenants carefully- it is better to have a unit sit vacant for a month than put someone with a shady record into a lease just to fill up your building. This will lead to many headaches with evictions, property damage, etc. 3) Be prepared for the long haul. Real estate is the sure way to riches, not the quick way. Many rental properties barely make a profit for the first 5 years or so. But given time the rents will rise and mortgage won't, so you'll make $$$ down the road. Don't expect a quick easy return. Hope this helped. You are certainly on the right track and asking all the right questions. You'll get there eventually. Cheers
5
check this database of foreclose homes http://calihomes.blogspot.com
6
avoid the get rich schemes. there are many ways to invest in real estate. Some will say, "put down as much as you can" others will say "put the down payment on your credit card and leverage yourself". There are alot of opinions out there. You should do what works best for you. What are you goals? Do you want to be a landlord? Do you want to just own the property and hold it? How much time do you have to do this? Do you at least own your own house now? If not, I would start there. Ask your listing agents some information about the market. Try visiting a local REIA chapter (Real Estate Investors Assocation) they can be of some use, but they want to charge for membership. Or, try to find a Cashflow Club as well. Best of luck, Angela -http://www.ratraceclub.com
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