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Should I be a real estate investor?


I recently was contacted by foozy investments http://www.foozy.ws/

I am a recent college graduate with little capital. Is this a good opportunity for me?

If you want to be an investor as a career you need to have knowledge in the market you want to do it in, knowledge in what type of real estate investing avenue you wish to pursue and good contacts or lots of money.

Hard money loans will cost you alot, but you can get huge amounts of capital to buy a nice flip property.
If rents are higher than mortgages in your area and it has a healthy appreciation you might want to be a landlord and hold for the long run.

I've never heard of FOOZY? but you have nothing to lose by checking them out. If they are paying you to learn, I say go for it. If you are paying them to learn I would say forget it.

YES. Buy a home to live in! Even if you have no credit, why not partner with your parents and buy something that needs fixing and is basicly sound in a decent area.
Buy it right, fix it up while you live in it. Then sell it and repeat.

You are single, I presume, so moving your home occasionally will not be disruptive to your lifestyle.

I never heard of Foozy, but that is why I enjoy reading these questions. I always see something new.

If only I were your age again. Go for it!

A firm that is seeking your money without a personal, established relationship with you in such a solicitation is looking to take it away from you. You don't need a third party to make a proper investment in real estate, unless you have no expertise. If you have no expertise, then you'd be better off putting the money in a fixed income investment, such as a CD or savings account or a conservative mutual fund.

The national real estate market is in transition now, having been slowing over the past 18 months from the 5 yr. boom. You have to be very careful at this point. The fast money is gone, and there remains risk.

No. Investing is risky. Get a good job first with stable income so that you can get a decent interest rate when you are ready.

I'm a real estate broker and there are few things worse than giving good advice, losing a client, seeing someone else swoop in and tell the client what they want to hear, and then seeing the property go into foreclosure.

You may buy the property for investment purposes, however, you can't control when the right client will come by to rent or purchase at the amount that you think is reasonable. And while waiting, the mortgage must be paid.

Generally, any spam mail you recieve isn't something that you should be involved in. That being said, you can start doing your own research in the industry. You should certainly get involved in real estate when you can.

There is no record of a company by this name having a license.

I would think you are likely being scammed. They are after what little capitol you have.

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