Q:i want to buy a real estate in usa . do anyone who can tell me a procedure of that purchase a second hand house . thanks

You need some verified documents like your SSN, your driving license, business or job pay slips, etc. that's all. There is a real estate agency in Mobile,Al, which you will find interesting because they also helps you if you have some problems, related to these also. Hope this information will be of some use to you.

Q:I know Donald Trump and other MultiBillionaire's are in Real Estate but can someone please tell me how does it make you money, what do you buy it wait for the price to go up then sell please explain so i finaliy know!!!!

You should read the Rich Dad, Poor Dad series of books. You will receive a lot of information that will help you. As to your question some people buy real estate and hold it keeping it for passive income purposes. Others buy and fix up the property only to resell it and thus make a profit. These are only two models. There are a lot more details but this is not the place to do into depth.

Q:I hate having to pay 6% to real estate agents and on top of that the additional fees. So if I've found a buyer, what are the steps needed to sell a home in California without going through any real estate agent?

Call the Bar Association in your city for a referral to a reputable Real Estate Attorney.

Q:Hey,They just contacted me about a repo from 04 and said they would put my house on a lien. I can't give the 10k they are asking for, but I also have a real estate in another state. Can they go after that too? I have an attorney working on my case (Workers Comp) and she filed lawsuit almost a year ago and still, no advance. What does the Lien consist off, and what are my options in this lien?Also, should I use the real estate I have to get a loan from the bank?Many Thanks!

What they are going to do is get a civil judgment against you for monies owed to them, and then attach whatever property of yours they can in order to effect repayment. They are putting a lien on your property, and they can do it wherever you have property in the US.

Q:If I own property and decide to form a real estate llc.. how long do i generally have to transfer the title of ownership from myself to the llc's name? does this differ by state? where can i find this info?

It is very wise to set up a trust because you get Tax benefits, protects your families wealth, beneficiaries get an inheritance without the taxation, asset in retirement and much more! You are leaving a legacy. Real Estate Planning with CAP or CPAA or an attorney. there is many different Trusts llc's you can set up. State laws differ from state to state. The timeliness depends on the gov ( state and national regulations). The Mili Group is a great source because it will save you money. Mili agents don't advise we educate the consumer. My brokerage does Real Estate Planning, we are not attorneys but we are certified asset planners and certified Private annuity advisers. We assist you in planning, You become educated and enables you to full understand whats going on. The Mili Group Is Nation wide. i can help! email me.

Q:how does someone get a real estate license? how is the process? and how hard/easy is it? also, what do i do after i get it? where do i get a job, how much it pays and...will i get a job? thnx!

go to your local community college....you take two intro courses...take the test...after that you can get a job at a realty office...but you have to pay them to work there....and you get a commission of everything you sell but the market is bad right now and don't expect to make any money for a while

Q:What do you think is the future for California and the real estate market?The cost of a 800 sq. ft. home is now over 300k.What do you think holds for lets say 10 years from now?

As for the future CA real estate, I think it will rebound eventually. This would be the best time to buy, imo.

Q:aside from having money put away in a 401k, is it reasonable to assume in todays economy, that investing in real estate is a good option?

Caveat emptor - be careful. Real estate investing can be profitable but also has some real drawacks that its avid fans do not mention: 1. Holding costs - in many places after you add up taxes and insurance it can cost 3-5%/yr to simply OWN a piece of property. 2. Liability risk: no matter what your lease says, any person who in injured on your property can sue you for injury and damages. For any reason. You need a LOT of insurance to protect yourself - at least $2 million. 3. Rentor risk - the damage one bad rentor can cause can cost $thousands to repair, more than a year's rent. Sure, keep the deposit - it's hardly enough. Also - if a rentor leaves you have to rclean out and re-rent the place - this can take months during which your holding costs continue and you have no income to cover them. 4. Liquidity and resale risk. If the rental real estate world does not work out, or you have a need for cash, you can't kick out the renter and sell out quickly. In some places this can take months to evict and sell. Even if ther is no renter it can take months to sell - and at what price? Despite anecdotes of hot real estate markets in some places for a short period, the long term rate of increase in a single-family home is about 2-3% more than inflation. This has been true for 70 years and for the last 20 years. 5. Also - do you want to spend your time worrying about renters, getting broken A/Cs garage doors and roofs fixed, repainting? 6. Finally, when you do sell the capital gains tax on real estate gains (and you will have them because you have probably been claiming depreciation over the years to keep current-year taxes down) is 25%. I'd rather see you in the market where you can manage your risk.

Q:I am a first time buyer and I want to know the responsibility or perpose of my real estate agent. I have one already but she seems to know less than I do about purchasing a home. HELP!

That is a problem that I have found with real estate people. they appear to be merely sales people that have been picked up off the street and run through some simple perfunctory classes for a few weeks and then they are turned loose to represent you on the most important financial decision that you will make in your life. A doctor cannot remove so much as a simple hang nail with out 4 years of medical school and 3 years of a residency on top of that . They also must pass a very rigorous licensing exam. Real estate brokers can do far more damage than that doctor removing a hagnail if they make a mistake. Yet real estate agents have almost no training and no real professional standards to speak of This needs to change. I recommend that you contact your Congressperson. Find out if they support rigorous new Federal Legislation to require much more rigorous federal licensing standards and federal licensing requirements for Real Estate Brokers and loan officers who are involved in a purchase or refinance involving a Federally Insured Loan. Federal Licensing will permit much more rigorous Educational, examinattion and training and experience requirements than is now required of real estate agents and real estate lenders. By introducing much more rigorous educational, examination and training requirements and also new tests of character requirements and financial responsibliity when they make mistakes we will weed out many of the frauds and the incompetent and will be left with a much more competent and honest group of people in the real estate industry. .

Q:I'm in Architecture school (want to be a developer and design my own projects).I'm currently working for a broker and planning on getting my broker's license as well.Is this a good way of getting experience towards getting a job at a Real Estate Development company after graduation?I have an associates in Real Estate and soon a Bachelors of architecture. In the future I might get an MBA in Finance. Is this a good plan or what do you recommend?

No... the real estate agent route will not get you there. In most states, getting a broker's license takes 3 years of being an RE agent, and it does not really help you in development projects... you will save the 3% on buying of the land and selling of the properties, but there are other ways to recoup those costs (just being an agent, or having a referral license come to mind. If you want to be a developer: work for a developer, if you are learning architecture, you hae skills they would need. Other options; engineering (civil) firms, City or county planners office, Large local utilities (gas/water/electricity) in their development office. Real estate management company might help also.... HUD... a bank that has real estate holdings...lots of options... RE broker is not one.