I presume that you are eluding to some type of real estate investing, right? If so, your best opportunity, in my humble opinion, is to focus on short sale (pre-foreclosure) & REO (bank-owned) properties with the intent on holding & renting (at least for now). Know your financing numbers, holding/reserve costs and the market value (for both sales & rentals). You want to ensure that you can create positive cash flow until such time values begin to increase again and you decide to sell the investment.
I also recommend that you consider hiring a full-time exclusive buyer's agent who knows your market well and has experience working with short sale and REO transactions. Best wishes - Ted
The point of trying to get my license was really Only to purchase real estate! How do I find a partner who will put up capital to do this?
Let me know if you come up with an answer
Get out there and make some money, let the Realtors scrounge for change with their little 3% :)
The options for making money 'related' to real estate are nearly impossible to list. Without actually holding real estate you may consider note refinancing (NOT mortgage refi or modification) or purchasing tax certificates. If you are incliined to hold property, consider paying up to join an association that purchases bulk volumes of bank owned properties. These margins will allow you to utilize professional marketing services to get a quick sale when it is ready for market. These are exciting times to be in real estate.
Javier Olmedo, ABR, GRI
Florida REalty of Miami