Can anyone endow with me an approximate rate of appreciation on solid estate?
Question:
For example if I own a 2400 sqft house in the best neighborhood within town and know the appraised value for the year 1999...What percentage rate could I anticipate the property's attraction to increase by annually? 2%? 5%? I'm trying to determine an approximate value presently considering that there hold been no core rennovations to the home.
Answer:
You can obtain an approximate plus on zillow.com.
The Tax appraiser for your county have all the homes sold within your area. Find several record sales during the later 6 months for homes similar to yours and as close (distance) to yours as possible. Use these sales to determine the price per square foot within your neighborhood. Then multiply the per square foot price by your home's square footage. I hope you understood that.
Be CAREFULL near Realtors, they assume you want to sell and will sometimes bestow you an inflated value to return with the listing. The LISTING price of other homes is not esteemed, it is the SELLING price during the last six months to be exact the best indicator of your market.
If it is esteemed to have a accurate belief of value you can hire an independent appraiser, not a Realtor. An independent appraiser, compensated by you, should not skew the value. Just ask them to make available you an honest appraisal.
it varies from suburb to suburb...
move about with 4% for a ballpark, but it may be up to 6-7% if your nouns is booming.
you need to contact a indisputable estate broker for that answer.
Your value today is best estimated by looking at the homes close to yours that have sold within the neighborhood. Appreciation rates are VERY unreliable.
Call a Realtor in your nouns. They will be happy to supply you a ballpark idea for free - or stir to http://www.housevalues.com and they will email you a value base on recent sales within your neighborhood.
A lot has to do next to location and about a 3% annual appreciation be normal contained by many market until the crazyness of the past open market skewed our neat little predicable solid estate world. My suggestion is to contact a good REALTOR who will be capable of give a flawless idea of what similiar homes contained by your subdivision have sold for contained by the past few months.
Apartment rent write rotten?
Question:
Because of escalating gas prices, I had to acquire an partment close to work. My house is 145 miles from the office - and I could not afford the commutting prices anymore. Can I write my rent rotten my income tax - is in attendance anything special because of the overall energy crisis within the United States?
Answer:
The short answer is no. Unless you use the apartment as a home office, it cannot be deduct. The same would have be true for your secondary home.
Also, be aware that you might hold some tax problems when you vend you home. One of the requirements is that it is your primary residence for 2 out of the previous 5 years. If your apartment is now your primary residence -- which is sounds close to it is -- you might have trouble reunion the residency requirement in your house.
Do I involve another home appraisal?
Question:
I had my home appraised Feb. '06 and took out a mortgage. (the home be paid for) I in a minute need new monies and want to get a HELOC (home equity smudge of credit.) It's been exactly one year since the initial appraisal, do I very soon need another one? If so, why? And what's the time restraint, ie., if I had done this 6 months into the initial mortage would I enjoy needed an additional appraisal?
Answer:
From my understanding a HELOC does not require an appraisal. They are done for refinancing and purchasing . The banks use automated appraisal software for HELOC. Appraisals are usually apt for up to 6 months.
The lender for your HELOC will absolutely hold an appraisal done. That will determine how much equity you have contained by your home and how much you can borrow against that equity.
you will need an new appraisal.
you may not have entail an additional appraisal inwardly 6 months, but you may have have to get one to create your new lender relieved.
Mortgage companies & banks usually require an appraisal as portion of their process. A new loan requires a unmarked appraisal. Can't fight it.
It adjectives depends on the lender. Some will absolutely require one and others may be OK near the previous year's appraisal. It also depends on the real estate marketplace in your nouns. If home prices have be fluctuating up or down, they will likely want a up to date one.
yes --property values can change contained by any area. Most appraisal are obedient only for 6 months and after 3 months must be re-certified by the appraiser.
I am a mortgage supporter.
By the way go and get a closed end fixed rate second deed of trust as HELOC's can travel in some states up to 24% on the unpaid set off and most are based on prime
Yes,
because the hamper is usually six months for most lenders,
and maybe if the open market is rapidly fluctuating.
And adjectives this is probably in your favor since the souk has be rising in most areas.
The mortgage company or mound or credit union as a concern of policy will probably want an appraisal, but if I remember correctly, it is at their expense, not yours. You might want to offer the appraisal you have done, but it will be their choice as to whether or not they accept it. A lot can take place to a house in year which would affect its pro.
See if the lender will take a revised Appraisal form the some company ? It may put aside you a few bucks?
In most cases, appraisals are valid for only 120-180 days. Inside of a year, the appraiser can step out, reinspect the property, and recertify the original appraisal.
They involve to be limited contained by time, because values change over time. In some market, values have dropped 15-30% since ending year. The banks requirement to know that, and so do you, since you really don't want to end up financing more than your home is worth.
A word of alertness. Many lenders doing HELOC's will only use an AVM, automated valuation modules. Computerized appraisal. It's nice, because they're super-cheap, and the hill will likely not even charge you for it. But, they aren't other terribly accurate, and you could conclude up upside down. That happened to someone on this forum only just, upside down by about $45 noble. OUCH. Better to pay $350 and ensure you're dealing next to accurate numbers.
Your home was rewarded off, and immediately your mortgaging, and going for a heloc? You should of sold the home and bought something less expensive. I see a foreclosure coming up.
Anyway, you necessitate another appraisal.
Good luck
How to run a service apartment?
Question:
I have an apartment which requirements to be run as service apartment so I need some one who can guide and and warning to run as an service apartment I dont mind if some one can run a service apartment for me
Answer:
What is a service apartment?
Okay! agreed.
Look in the rag for Broker or give a donate in tabloid
yourself .I do not know you are in which city .
Follow the following simple steps
1. Fully furnish the apartment - attain good upholstery, ACs, TV, the works
2. Get a fully equipped kitchen
3. Get a house warden
4. Approach BIG corporates, having office across India/ Globally in around the nouns where the service apartment is, confer them details with Snaps.Negotiate a rate per room hours of darkness (Rs.1000- Rs.2000) and offer a credit interval. they would start directing their traveling employees to you.
5. Ensure that the guests hold a pleasant experience, they are your biggest assets and key to obtain more customers
YOU ARE GOOD TO GO
Hi Dear,
I had see some websites which contain the material almost rented & leased related why would not try to contact these dealer eg: http://www.india-properties.in this website containing the sponsors join for not only for directories similar to others but also direct agents websites also. Its good website yaar see if you grasp some help.
Can Do. Which city ?
anyone recommend a excise free mortgage advisor within harrogate nouns?
Question:
Would really apprieciate a good reccommendation from someone, we are looking for an advisor who covers the together market. Obviously we could look within yellow page etcbut if anyone has deal with a really appropriate one would be very grateful for some comfort!
Answer:
Exactly why do you think Mortgage Advisers work for free ?
Of course they don't = they gain paid by the Mortgage Companies when they 'sell' you a product (this is set as Commission).
20 years ago Mortgage Companies paid more Commission when the Adviser sold an Endowment policy (and smaller number when they sold a Repayment Mortgage) ... can you guess what happened ?
SO - do you really what to put your yourself within the hands of a Salesman who is Paid by the Mortgage Companies ?
I suggest you obligation to do your own research ... I suggest start with Fool & verbs to Charcol.
Can you create a 1031 exchange FROM a rental to a RESIDENCE surrounded by California?
Question:
I rented my residence for seven years because I was living out of the country. Now I must move to another city. Can I live within the building purchased by the 1031 exchange, or must I rent it out?
Answer:
A 1031 exchange must be for like-kind, with adjectives of the money from the one you are selling going into the new like-kind property. So, no you can't exchange for a personal residence, but you can exchange for one that you intend to rent. So rent it for a while, and after change it to a personal residence. There is no solid guideline on how long you have to hold it as a rental beforehand changing it to your personal residence. Consult your rates person to be undamaging.
Chrisusc is correct that it must be investment property; however a rental property is investment property even if it is just a single own flesh and blood residence that used to be your personal residence. So this would qualify for a 1031 if you buy another like-kind property.
must be like properties: rental to rental, residence to residence
1031 is Federal not by the state. Like concerned to like manner.
None of these poster have any clue going on for what they are talking more or less.
A 1031 Exchange can only be done near investment property. You cannot exchange into an invesment property and then grasp a personal residence without incurring tariff liability when you sell the second home.
You a short time ago need to trade the rental property and pay export tax on any gain (or) you can live in the home for two more years and afterwards sell it and obtain the Sec 121 exclusion from gain of $250,000.
I would probably speak with a CPA beforehand you make the subsequent move.
Real Estate. Does anyone know how behind within the process can a purchaser amendment their mind more or less buying a house.?
Question:
Answer:
Thats a good request for information.
You can probably cancel right until that time recording by notify escrow in writing surrounded by your intent to cancel the purchase. But you might forfeit any deposit or other expenses you incurred during the purchase.
Consult next to a local attorney and your real estate agent. You should look over adjectives documents you have received for any see notices.
Good luck.
the lastest you can transformation your mind is before signing the contract
What does your contract state? Is at hand a financing contingency? Why do you want to bail out? You can bail on the purchase and walk from your deposit or possibly try approaching the builder and renegotiating the purchase price.
You can change your mind at anytime during the entire process, even at the time of closing. The simply penalty that might be incurred, is losing the earnest deposit.
AUSTRALIA. I am planning on moving interstate, I own a mortgage and plan to rent out my home,?
Question:
to just cover the mortgage repayments, will i be eligble for rent assistance as I will be renting a different house?
Answer:
I doubt it as rent assistance is base on income and assests. As you will be receiving an income as rent, you will most probably not qualify. If the amount is small, you may be eligible for a reduced rate of assistance. You should step on the centrelink site as that will tell you cut stale rates etc.
read tips on real estate, mortgages and much more to give support to you better on this site
How Can I Live In Austin?
Question:
HELP! I'm broke and moving to Austin. Our salary would be virtuous for Smalltown, TX - where we're originally from - but it is CRAP within Austin. I've heard horror stories roughly East Austin, but there isn't anywhere else I can even set off to afford to live that's west of I-35. We've been thinking roughly some of the outlying towns because real estate is smaller quantity expensive thereI'm at a loss, any suggestions?
Answer:
Why would you move someplace that you can't afford?
Sound like you call for to rethink the move to Austin. It's the most expensive area of TX. Surly you can win a job within an outlying area too. Austin is a big place. Try outskirt on the "honest side" of town.
I live 30 min. no of Dallas and am as happy as a clam contained by mud. Just a bit out is good. There are still job.
You should submit your resume to leading jobsite resembling www.monster.com, www.careerbuilder.com. Also you should consult local placement consultant in your nouns. In the meantime, look out for an option to work online. Although it wont wages you like full time career but you can make extra bread in your spare time. I am a piece time worker doing work online at home, so I would like to share a contact where you can engender $600-$1500 in a month working at home. The work necessitate to be done is posting/answering a discussion and uploading any photo/image of your interest. For details visit
http://ommc.blogspot.com
I will publish few more straight site in couple of weeks, where on earth you can earn money. You may also write to me at talkofmoney@rediffmail.com (Note: When u are planning for a home based online work, watch out because most of them are scam and ask you to pay initial money. never wage money to any such site.)
What is a accurate website that shows listings of houses for Dutch auction?
Question:
I'm looking for houses that are foreclosed or probate. or any other kinds that are taken by the court. because I am looking for an investment property so I call for the price to be low.
Answer:
hud.com
foreclosure.com (sucks, you've gotta pay)
Open your newspaper. Go to the classifieds. Look at legitimate notices. Look for properties this process. If you don't understand what you're reading, stir to the library and get a book.
You can also make conversation to a realtor.
I would either give the name a Realtor or check Realtor.com. There isn't any way to sort out the foreclosures but once you bring back to searching they usually stand out, usually below priced. If you decide to call upon an agent do some research and deal beside one that gets the repossessed property listings directly from the mound. They will keep your info and send for you when they get a encyclopaedia of interest.
is it perfect to invest contained by Real Estate contained by arizona??
Question:
I plan to buy a home for investment in arizona. but can i rent it for more than a $1000.00 mortgage?
Answer:
It is pious to invest in Real Estate anywhere, provided you do your homework.
Don't overpay for a property, and don't shift negative cash-flow for too long.
As far as what you can rent a property for, communicate to Real Estate agents or Property Management Companies and see what rents are going for to a comparable property. Look in the rag for similar properties in impossible to tell apart area as to what others are charging/paying for rent.
Also, sort sure you know what your total mortgage payment will be including taxes/insurance and any secondary expenses that may occur.
As long as it isn't the deep front property
Buying is always a fitting advise but it vary location to location.
I think you inevitability to look the history of the area's appreciation. keep within mind that real estate open market is soft, u cn get a barter. It is possible that value may not jump up quickly but at long run it will.
How unyielding is it to move out?
Question:
and live on your own (first time), and i'm 20 is that to old to still live at home?
Answer:
Twenty is too infirm to live with your parents if you're not within school. Once you hit 18 and graduate from giant school, you're on your own. Get out and permit Mom & Dad enjoy the extra income and smaller quantity stress. Pay your own rent, car payments, insurance, grocery bills, etc. It's time to grow up. Welcome to the legitimate world.
Moving out is easy. Paying for it get more complicated.
I've been living on my own since I be 16. That's just my self-esteem; I needed my own space.
But having that space have a cost. And you have to become conscious that cost going into it. It's also entirely likely (unless you've be taking on some major responsibilities while living beside your folks) that you have no impression what it actually costs to live on your own.
The first entry I suggest is doing a little research. Check some local resources for prices on rent, conceivably even go see a couple of places to gain an idea how far that rent will dance. (You don't want to get your finances adjectives lined up for the $400/mo apt individual to find out that it's got a train running so close it shakes the furniture, or the you can't stroll through the place for the holes in the floor, etc.) Make some call about the utilities, too. It'll be a material eye-opener, I suspect, when you start adding those things up.
And that's not even to speak of managing to furnish the place. Let alone food, form care, transportation expenses, taxes (okay, that one may not be so unpromising if you're just starting out), entertainment (even the cable tv can make the addition of up fast), and at least a dozen other things.
Not motto it can't be done. Not the best idea to hoof it out before considering the implication, though.
You could try having a room mate on a 6 month lease newly to see if you are prepared for the financial responsibility of paying your own bills.
20 is not too old to live at home as long as you are working on a process. For instance, if you are going to college and trying to collect money while working on your short and long term goal.
20 is not too old IF you are surrounded by college, Otherwise it is time to go.
What is the process to verbs ownership of a home loan?
Question:
Expl... from daughter to mother
Answer:
I don't think your press is being asked correctly. It sounds as if the daughter lent someone money, hence the "ownership" of the loan.
If you want to verbs the obligation from daughter to mother, you could ask the lender to do an assumption. They might agree to, if mom qualify.
If not, she'd either enjoy to sell it to mom, or use a quit claim action to put mom on title with her, and own mom refinance.
If you're trying to do this to keep your daughter out of foreclosure, the wall will figure it out, and might block you.
This is a incredibly long answer and would be easier to explain on the phone please call if you will.
949-748-7680 ext 225
My cross is Bret
I have be in the business a long time, and at hand are various ways to verbs property.
For the most part nearby is no process to transfer a loan. Lenders now and then let one personality take over a loan for another. To assume a loan is the phrase. Most lenders will block or decline to allow an assumption. If they do allow a loan to be assumed they will qualify the unusual borrower to see if their credit score is lofty enough. Similar to the process used when borrowing contained by the first place.
Note that if someone is taking over a loan on a property it is assumed that the person is also taking over the ownership of the property. Hence we are conversation about a mart from the daughter to the mother. That might not be what you want. If there is a public sale there are issue concerning the verbs of the title and the liens beyond the loan.
It might be best that you consult with a advocate or other professional so that you understand the option that are open and how to move forward.
I enjoy bought a house surrounded by 2004 contained by Sacramento & took 100k equity out of it and bought another house contained by sound nouns?
Question:
I have bought a house within 2004 in sacramento and took 100k equity out of it and bought another house contained by bay nouns. Now my question is this I cannot afford both payments.As open market is slow in Sacramneto I cannot even trade it there is no buyer. Can I forclosure that house & maintain the 100k equity which I use to buy my another house where I am living in a minute which is my primary residence. What should I do? I don't wanna file bankrupcy.Please support.
Answer:
First go to this amazingly informative site and read EVERYTHING on it whether you think that it applies to you or not:
http://www.hud.gov/foreclosure/index.cfm...
I am assuming that you put the ENTIRE 100k from the first house into the second one. If not, you absolutely put SOME of it down, right? So, on the second house, you subtract the current principal amount that you owe from a current fair souk appraisal of its value (whether or not you can find a buyer right now). If the difference is positive, i.e. how much actual equity you have within the house right now. It may be more or smaller amount than your original down wage was. If the difference is denial, you have gone upside-down and you in actual fact owe more than the house is currently worth.
Here are the options that I would consider:
Whether or not, you hold any equity in any house, go to the lenders, communicate them you are having problems, and try to work out a small time-frame to explore option with them and protect your credit and avoid foreclosure. They should be of a mind to give you a couple of months if you own a good history beside them.
If you have any sensible amount of equity (10% of property value or more), consider negotiate a reverse-type mortgage or equity loan to use some of your equity to reduce your payments and allow you to hold on to these assets until the marketplace comes back up
If you own a little equity, you might want to ask any one or both of the lenders if they will simply take the house and permit you out of the debt completely without going through a foreclosure process. They might even payment you back some of your equity after they deal in the house.
If you have no eqity, or you are upside-down, a lender MIGHT pinch the house back minus foreclosure and work out a reasonable pocket money schedule near you for the difference (which may be unsecured if you have excellent credit, or which may be secured on some other asset that you hold). This will recover your credit rating.
If you are going to attempt to keep both of these houses for any length of time, DEFINITELY rent ONE of them out within order to defray your payments. Use an AGENCY! It's worth it, believe me. But, don't sign any lease before you reach a deal to the lenders.
Best of Luck and Bless You!
You gambled and lost
Talk to a legitimate estate agent that deals beside forclosures. See what they suggest for you to do.
have you tried renting the house out to someone else? Become a innkeeper.
If they forclose and sell the house and don't rest the amount of the loan .they may be able to profile judgement for the difference.
I would seek guidance from an attorney or a good cpa.as here may be an issue on capitol gaines.
Time to take that $100K equity put money on out, and use it to keep your payments made while you attempt to put on the market the other house. Or find a renter for it, if you can. Or use it to pay the difference between what you can in actual fact get for that house and what you owe already.
Banks do enjoy the right to attempt to collect on losses from foreclosure. They usually don't bother if you have nought, but that's not the case for you. You don't want to enjoy your credit trashed and have them come after you for their losses resting on it.
Get an equity line of credit on your primary home and start working on a better solution. Foreclosures are hurtful, very hurtful to credit, and they are public.
Too many unkowns to supply an exact answer or advice - however surrounded by short the answer is no. If you allow the house to be foreclosed then you are giving up adjectives rights to the property. The lender will more than likely auction the house and hope to simply rest the loan balance owed on the house. If the auction brings within less than the loan be a foil for then the lender still have the right to recover the set off from you. I would communicate the situation with the lender as most lenders hold programs in place to avoid these situations. They do not want to be within the real estate sale business as they lose money on most forclosures. They would rather work something out that would be more beneficial to both of you. At worst you could do a deed-in-lieu of foreclosure. This is voluntarily relenquishing the property and should merely be done if the lender will provide this without recourse, worth they can't come after you for any money owed after they auction the property. (get this in writing) However, I would suggest discounting this property and selling it yourself and chalk it up as a loss and module learned. I know 100k is tough to agree to go of but you for sure aren't going to get it through foreclosure or collapse.
bankruptcy ..will stay near you and effect your ability to buy
you will shutting down up payingfor someone to finance you (as you dumped on the previous lender)
try to stay above.phone your ethnic group you owe money to..and ask..if they will accept a pay plan until the home is sold..
.the market is slow..but as you enter spring..it is picking up..
winter is a slow...for family..
now you hold the 300 mile distance..working against you..
hire a realtor.
a good one.and follow the advicegive them adjectives the priveledges...key..etc..
email the location and I will buy it for the 100K..??very serious..price, etc. all set to go ..hold you out in 2-3 months.
m2storey@yahoo.com a tangible bona fide buyer.
www.realtor.com
Hey bro sorry to hear that you have to be going through this. I am a loan officer and i hear stories close to yours everyday. Its really sad beside the house prices so high and most loan officer putting people on the wrong type of loan. i hold a friend who works at a law organization who deals specially near bankruptcy and foreclosures. He usually refers his clients to me, and we see if we can backing them out by refinancing their house or consolidating their debts. Or just contact me and i could ask my friend any question about what steps to purloin in regard to the rules and laws. You can contact me at
Email:Narmo0912@yahoo.com
Number: (818) 378-7278
P.S. Good luck
Some of the proposal of the other posters is sound. You obligation to speak with a CPA and BK attorney ASAP. Not lately because you may file BK, but because your rights as base on the BK laws, so you requirement to understand them and what your option are from a BK, Foreclosure and credit score standpoint (wage garnishments, etc.).
The refi loan for $100,000 is beside recourse, meaning that you cant freshly walk away from the home and present the keys rear to the bank. They will any sue you for the difference between what you owe them and what they get from the home mart (probably nothing) which means you will owe at lowest $100,000 (plus selling costs, etc.). Or the bank will forgive the debt, but convey you a 1099-C, which means you will rate tax on the $100,000 forgiveness of debt, which taxes could be $20,000 or more depending on your rates bracket.
If you are insolvent, then you are okay, not a soul can sue you and you can file BK. But if you enjoy a job, which I assume is so, consequently you are in trouble. Look forward to wage garnishment(s), etc. (or) a ruined credit rating for the subsequent 7 to 10 years.
Finally, if you lied on either of the loan apps (put that they be owner-occupied on both), then you are up the creek minus a paddle, because you hold committed loan fraud. This would not matter since heaps people who invest do this to leverage mutliple properties, but since you are immediately in non-attendance, you wont be able to do a full discharge BK - if you lied on the loan app(s).
I cannot stress ample that you need to wish out wise CPA and attorney counsel in a minute.
In the Sacramento Region Lender's are holding onto the property hoping that a buyer will come by and buy your property. Meaning that you are still responsible in finding a client while your FICO score's stir down the tube. If you decide to buy another house you will more than predictable have to shift hard money contained by which the interest rates are in the double digits. If you can swing that type of compensation why couldn't you of paid stale your current mortgage? Talk to the Lender and see what type of payments you can make to bring you over-involved. You will be amazed on payment plans most enjoy for there clients. This month alone over 1000 short sale where reported surrounded by CA. I currently get in the region of 20 a day contained by the Sacramento region and word around the buisness is that Lender's are not budging on Price or negotiation to a good deal for a buyer. They are still trying to seize there money put money on. Find a good REALTOR who is going to do a upright job and understand the Short Sale. Do Not... I repeat Do Not.. find a REALTOR who does not know how to handle a Short Sale. It make it difficult for the rest of REALTORS and possible buyer's Agents who have question about the property if the property while surrounded by Short Sale status is not correctly run. Need more advice, comp on your property surrounded by Sacramento contact me.
Do you stipulation a level to become a TRUE estate investor?
Question:
Answer:
Absolutely not! many of the investors who are drastically successful in this business did not finish college.
It would be learned to do a great deal of reading and carry an education contained by the field back you make any commitments.
Don't rely on those unsettled nite get rich hasty schemes most of those scheme worked in the 80's when the guys that are still selling books and cd's used them.
Start out by erudition the market within your area. If you want to own rental property trade name contact with property manager, they can tell you what the rent should be. Realtors manufacture money at the point of sale. If you do not buy they don't get hold of paid. The unharmed thing is really a scam.
Don't believe anything anyone tell you, investigate it your self. The seller will fake to get the Dutch auction, your agent will lie to return with you to buy, and the buyers agent will lie to receive you to buy. Trust no-one!
If you plan to rehab and flip, find contractors you can trust. ask for references and check near the BBB. Most likely unless you can do some of the work yourself you will not construct money hiring contractors.
Probably one of the best things would be to look for a duplex or fourplex you can buy and live in. gain your feet damp before you leap in.
The reality that you are asking questions is a well brought-up start.
The really scary entity is the number of scams and rip-offs out nearby. The links I provide will get you started on your quest. the first is a contact to investment 101 on my site. the second is a link around mortgage fraud and investment scams.
surface free to ask me anytime I can help
www.turnkeyproperties.org
No. Anyone can do it.
Definitely not. A 6th grader (with crucial capital) can invest in real-estate.
No... but you will inevitability a pot of money (hence the word 'invest')
no just money, buy some ground, then put up for sale it, maybe upgrade it in some opening, retail, residential, whatever. it help to have an theory of what your doing i suppose.
Nope...just lots of money! I believe that you should other know where exactly your money is going, so read up on the fundamentals and you should be fine. If you are ever unsure about anything, travel with your gut!
Not at adjectives. An investor is just a character that purchases and sells property for a profit. Just resembling any other kind of investor you only just need understanding of the field you are investing contained by.
No but before you start out if your still within school finish your schooling unless you own extra money to throw around.
In learning to Buy and Sell Real Estate you call for part schooling and cut Street smarts to see and understand market and people and property... It adjectives intermingles together.
No, you only want money.