Frequently Asked Questions

 

 

Here are some of the most asked questions we get regarding real estate investing.  Please click on your real estate topic of interest below:

 

High Real Estate Prices

Real Estate and Credit Repair

Finding Money For Real Estate Deals

Real Estate Investing Outside of the USA

Real Estate Laws

Flipping Houses

Lease Options

Foreclosure Information

More Financing For Real Estate Deals

Quick Real Estate Investing

 

 


 

 

 

QUESTION:

"Real estate prices are sky-high in my state. What can I do?"

 

ANSWER:

Here's what you do...stand up, put your hands in the air and yell out "YES!" Because, my friends, the higher the prices are in your area means all the more money you can make! For example, I do a lot of investing in Miami, where a one-bedroom condo sets you back around half a million bucks; but when I flip the thing, I'm looking at a 6 figure profit, not just 10 to 20 grand. You see, the higher the price...the more you can make. And I teach this in my top-selling preconstruction course.  Check it out; you'll be glad you did!

 

 


 

 

QUESTION:

"I'm broke, and my credit is horrible. Is there any hope for me to invest in real estate?"

 

ANSWER:

Bad credit or bankruptcy can make the deals harder, and overall will make your profit a bit less in the beginning. But you can still work with lenders who specifically will help you with hard money loans, and if your determination is high enough, you can make it work for you. As your credit gets better, your deals will get easier and more profitable as well.

 

That's why I include my No Money Down© course for free with your order of Real Estate Uncovered©, which helps you understand methods of investing when you don't have the best credit or accessible funds.

If you have any outstanding debts that can be taken care of now, to try and do your best to get rid of them. Any help to your credit is good. One online firm that I myself have used to help with credit repair is Lexington Law Firm. They are super quick, efficient and specialize in credit repair, so you check into working with them to help you out some more.

 

 


 

 

QUESTION:

"I don't have any money at all to put down.  How can I get financed?"

 

ANSWER:

As my good friend and real estate legend Bruce Posner would say...why finance when you can flip?  And you know, he's right...remember about 80% of truly good deals can be flipped before you even have to close. I do it all the time; in fact, right now that's all I'm doing!  To learn more about flipping real estate, click here to take a look at Bruce's website...and tell him Lou sent ya! 

 

 


 

 

QUESTION:

"Can I invest in real estate from my country?" (non-US)

 

ANSWER:

Honestly, I am not familiar with the real estate market in any country outside of the United States - I just have never invested outside of here. I have had many clients from all over the world who have ordered my products, and I have had many success stories from them. However, I've also had clients who couldn't apply certain parts of the courses to their marketplace because of differences in law.

 

And really, it depends on the techniques they're using. I know for a fact people outside of the United States invest in preconstruction properties; I do it myself.  There are no rules against that if you know what to do.  So HOW do you find out what to do?  Simply take a close look at http://www.realestatefortunes.com/courses/preconstruction.htm.

 

 


 

 

QUESTION:

"I'm not sure what the law is in my state regarding flipping./lease options/subject-to investing...how do I find this out?"

 

ANSWER:

As I show people in my Real Estate Exposed report, if you're honest and doing legitimate flips and lease options, you won't have any problem abiding by the law. The laws are there to protect people from scam artists, but as a new investor you aren't going to be that.  If you do things right, you won't have a problem.

 

 


 

 

QUESTION:

"I'm looking to flip as many properties per year as I can, but I don't want to use my own credit. Is there any hope?"

 

ANSWER:

Here's the good news...when you flip, you're not using your own credit anyway. Just last month, I flipped over $20 million dollars worth of luxury real estate and never got my credit report pulled once. If you're interested in that type of real estate, you'll really want to take a look here: http://www.realestatefortunes.com/courses/preconstruction.htm 

 

Now, if ultra-luxury isn't your style...no problem!  You can flip just about anything you want, from rehabs...to rentals...to apartment complexes...anything at all.  To learn how to do just that, check out this site now!

 

 


 

QUESTION:

"I'm specifically looking for information on foreclosures - what can you tell me?"

 

ANSWER:

Well, to start with, by definition a foreclosure is the forced sale of a piece of real estate to pay off a loan that the owner has defaulted on.  Simple enough, right?

 

How do you find foreclosures?  That's a common question I hear all the time and because of that, I created a whole page just on that topic - click here for more information on foreclosures and where to find them.

 


 


 

 

QUESTION:

"I work full time, have a family and I can't afford to spend a lot of time reading investing books. So what can you possibly recommend for me to start investing in?"

 

ANSWER:

Well, to start with I'd recommend taking a time management course, because frankly I don't see how you can afford NOT to make time for this.  Sure, if you're new to real estate it seems hard in the beginning.  Everyone has to start someplace.  My Real Estate Uncovered book is about as easy to follow as a coloring book and is great for the true beginner.

 

Now, for those of you are somewhat familiar with real estate, you know how to get deals...but you are strapped for time when it comes time to get rid of them, then you can't miss checking out what Real Estate Project X can offer to you; I basically GIVE you copyrights to the best-selling ads I've ever written that bring results - no trial and error, no thinking and wondering, just few simple directions anyone can follow!

 

 

 


 

 

Have a real estate related question you'd like answered?  Please send it in to us and check back regularly; you may see your question and answer posted!

 

 

 

 Lou Vukas/Platinum Acquisitions INC. All Rights Reserved.


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