What would you like to do?
What education or training do you need to learn how to buy fix up and resell foreclosed homes?
I recommend preparing for and taking a realtors license test and working in the construction trades for a minimum of 3 years. I have seen many many people try to do it with less than this basic preparation and get burned or make profits that are so slim they'd rather work Mcdonalds.
Was this answer useful?
Thanks for the feedback!
The obvious benefit is that you are purchasing a distressed property that has to be sold because of an unfortunate financial situation. This should result in a below ma…rket price purchasing opportunity. Financing will differ if you are purchasing the property as an investment or as a primary residence. Many of these properties will also have repairs that will need to be made in order to pass inspection and bank appraisal, so you will need to have a clause in your purchase agreement covering this eventuality. For instance, if it is a HUD house, you may find yourself in a position where you are unable to get a loan on the house if certain repairs are not done and HUD refuses to do them, let you pay for them, or do them yourself. It can be a sticky wicket. It also depends on whether you are buying only as an investment or if you intend to occupy the house. For example you may not want to live in a neighborhood where most of the homes are rentals, but this may not matter if it is an investment. As with any major purchase you need to do your homework because many of the laws that protect you in a conventional real estate transaction may not apply to a foreclosed property. Further many times if the person who owned the home was foreclosed on because of not being able to make their mortgage payments, there may be other debts such as property taxes that will need to be considered. Remember that these people are "losing their home," and you may be the target of their disappointment. On your final walkthrough (or do so before closing), take pictures of the home, particularly light fixtures, fans and appliances. Our sellers made off with many of the lighting fixtures and parts of the house and we had no recourse. Finally, if you do buy a foreclosed house, make sure that you have some savings to apply to repairs and replacements. These houses are a great deal pricewise, but there will be some sweat equity involved for the bargain. At first glance, it looks like a tempting deal: you get a perfectly good home for practically half the price for sale, or even less. But this could be a catch, because every city has unscrupulous sellers, buyers, agents and lenders. So, take note of the following points: Know What You're Buying Do A Title Search Get Insurance Check Into The Equity Work With Your Agent Answer Foreclosure homes offers you the smartest way to save lot of money and time (if the foreclosed property is in great shape). If you have no time and not much more money to invest for getting best home in your preferred area then buying foreclosure homes for sale could be the best solution. But follow the advice above.
Not all cash. You have to pay some cash to buy any home (the down payment). Therefore you buy it the same way you would buy any house.
Formal education required before police specific training (academy) is grade 12. Training before the certification, title, badge and gun are issued covers citizen rights that …must be observed, duties included in maintaining order, martial arts training to overcome resisters and to save ones own life. Expertise in operating and maintaining different types of firearms, handcuffs, batons. Recommended techniques for interacting with the public in every situation an officer may find himself. Interrogation and information gathering techniques, report writing and communication requirements and radio techniques. Essentially, an officer must get the job done and return home safe to his/her family.
Answer Applicants for beginning actuarial jobs usually have a bachelor�s degree in mathematics, actuarial science, statistics, or a business-related disci…pline, such as economics, finance, or accounting. About 100 colleges and universities offer an actuarial science program. Here's more info from a booklet published by the U.S. Department of Labor: Actuaries need a strong background in mathematics and general business. Some companies hire applicants without specifying a major, provided that the applicant has a working knowledge of mathematics, including calculus, probability, and statistics, and has demonstrated this knowledge by passing one or two actuarial exams required for professional designation. Courses in economics, accounting, finance, and insurance also are useful. Companies increasingly prefer well-rounded individuals who, in addition to having acquired a strong technical background, have some training in liberal arts and business and possess strong communication skills. In addition to knowledge of mathematics, computer skills are becoming increasingly important. Actuaries should be able to develop and use spreadsheets and databases, as well as standard statistical analysis software. Knowledge of computer programming languages, such as Visual Basic, also is useful. Two professional societies sponsor programs leading to full professional status in their specialty. The first, the Society of Actuaries (SOA), administers a series of actuarial examinations in the life insurance, health benefits systems, retirement systems, and finance and investment fields. The Casualty Actuarial Society (CAS), as the name indicates, gives a series of examinations in the property and casualty field, which includes fire, accident, medical malpractice, worker�s compensation, and personal injury liability. The first four exams in the SOA and CAS examination series are jointly sponsored by the two societies and cover the same material. For this reason, students do not need to commit themselves to a specialty until they have taken the initial examinations, which test an individual�s competence in probability, calculus, statistics, and other branches of mathematics. The first few examinations help students evaluate their potential as actuaries. Many prospective actuaries begin taking the exams in college with the help of self-study guides and courses. Those who pass one or more examinations have better opportunities for employment at higher starting salaries than those who do not. After graduating from college, most prospective actuaries gain on-the-job experience at an insurance company or consulting firm, while at the same time working to complete the examination process. Actuaries are encouraged to finish the entire series of examinations as soon as possible, advancing first to the Associate level (with an ASA or ACAS designation) and then to the Fellowship level (FSA or FCAS designation). Advanced topics in the casualty field include investment and assets, dynamic financial analysis, and valuation of insurance. Candidates in the SOA examination series must choose a specialty�group and health benefits, individual life and annuities, pensions, investments, or finance. Examinations are given twice a year, in the spring and the fall. Although many companies allot time to their employees for study, home study is required to pass the examinations, and many actuaries study for months to prepare for each examination. It is likewise common for employers to pay the hundreds of dollars for examination fees and study materials. Most actuaries reach the Associate level within 4 to 6 years and the Fellowship level a few years later. Specific requirements apply to pension actuaries, who verify the financial status of defined benefit pension plans for the Federal Government. These actuaries must be enrolled by the Joint Board for the Enrollment of Actuaries. To qualify for enrollment, applicants must meet certain experience and examination requirements, as stipulated by the Board. To perform their duties effectively, actuaries must keep up with current economic and social trends and legislation, as well as with developments in health, business, finance, and economics that could affect insurance or investment practices. Good communication and interpersonal skills also are important, particularly for prospective consulting actuaries. Beginning actuaries often rotate among different jobs in an organization to learn various actuarial operations and phases of insurance work, such as marketing, underwriting, and product development. At first, they prepare data for actuarial projects or perform other simple tasks. As they gain experience, actuaries may supervise clerks, prepare correspondence, draft reports, and conduct research. They may move from one company to another early in their careers as they advance to higher positions. Advancement depends largely on job performance and the number of actuarial examinations passed. Actuaries with a broad knowledge of the insurance, pension, investment, or employee benefits fields can rise to administrative and executive positions in their companies. Actuaries with supervisory ability may advance to management positions in other areas, such as underwriting, accounting, data processing, marketing, and advertising. Some actuaries assume college and university faculty positions.
Buying Foreclosed Homes Generally you are correct. However, there are a lot of factors involved in home buying other than just the price. If you are not in a hurry and do no…t want to live in a particular neighborhood then you can watch and wait for a deal that suits your needs. Be prepared to do your homework with regards to the condition and pricing of the property. There may be reasons other than financial involved in the foreclosure. Something many people don't ever consider is that foreclosures are often in serious disrepair. I've seen homes where the residences just demolished the place - holes in walls, ripped up carpet and vinyl flooring, smashed porcelain in the bathrooms, broken windows. Don't get me wrong this is not too common. But every now and then some hothead decides that if he has to give up his house, he'll show the bank by 'getting even' with them. More often you'll find neglect simply because the owners couldn't afford house payments so where were they going to get funds for basic repairs? However...there are real gems out there if you are patient and persistent. A 200,000 home going for almost half it's appraised value...we missed out on one like this because 15 years ago it was more than we could afford even at that price. Gorgeous house, huge, in an affluent neighborhood. The owner spent so much on mortgage payments this huge home had almost no furnishings! Ahh, if only I'd known then...I'd have begged and borrowed the downpayment from friends and family. Just think of the sheer investment potential. Then there are the government sales, and HUD homes. There used to be clauses that stipulated you had to reside in the home for a specified lenghth of time. On the up side, your financing often included the funds for improvements. IMO, the benefits far outweigh the risks. Many people have no idea what it would take to get started investing in foreclosures. A lot don't have the time or the ability to make the improvements that will make a dump liveable or that can turn a nice house into a hefty profit for you. My advice to anyone thinking about getting into a foreclosure: do your homework. Learn everything you can on the topic. Don't skimp on appraisers, inspectors, etc, or you may really regret it. Be careful and use common sense. If you are not a 'handy' person, your cheap house may end up costing you more than you thought. On the other hand, if you have the time and skills... Our first house, though it wasn't a foreclosure, illustrates my point nicely. We put nothing down, purchased a home at the mid to low end of our budget (about 5K under appraisal), owned it six months while living there and making what was really minimal improvements: paint, wallpaper, new water heater, some inexpensive landscaping. Six months later we sold it for 20K more than we paid for it!The third house we bought in for 2 or 3 years and increased the value 18K. Number 2 was not bought for investment purposes, but we didn't lose money. And the one we are in now...been here 7 years. Last time we refinanced the appraisal value was 55K more than what we paid for it! But I think we'll stay here a while, I'm content with the house, neighborhood, schools. Anyway, to answer your question: "Why doesn't everyone do it?" Not everyone knows how. Not everyone can. It's as simple as that. At a foreclosure sale, the mortgage company makes the first bid and they bid what is owed on the loan. So to purchase a property at foreclosure sale you would have to bid over that amount. As someone who worked for a mortgage company for many, many years, I can tell you that 95% of the time (and maybe more than that) after we resold the property we ended up with a loss (and usually a substantial one) because we were unable to sell the property for enough to cover the loan balance. As a general rule, if the property is worth enough to payoff the loan, the mortgagor will sell it themselves, rather than having a foreclosure on their credit record. With that said, I'm sure you can find 'deals' out there on foreclosed homes, but you would have to really look and do your research. I would first like to say i specialize in foreclosures so hopefully i will give you some usefull information here. First common misconception foreclosure laws are vastly different from state to state. You can find you local foreclures laws by looking at your state statutes. In ga for instance we have no right of redemption,once it's sold at the courthouse steps the only thing that survives is property taxes owed,the IRS does not have a senior position on you but if there is a IRS tax lien on it they have 120 days from the foreclosure sell to reimburse what you have paid and claim the property for themselves,if they do not respond by then it deletes there claim on the property. Another misconception PLEASE,PLEASE do not go to these foreclosure websites and pay them money for lists. Often times these lists are a month or 2 behind and the properties have not foreclosed,or are under contract or have already sold so don't waste your time and money. Another misconception is you will get rich quick,the late night programs that say i bought a house 120k for 30k and made a killing please give me 200. Did the person buy a house for that price sure but that was 1 out of 50 deals he did not all of them were that way but he wants to get you excited so you will buy his program.
Are there mortgage loans where you can borrow for example 30000 The first 15000 to buy a foreclosed home and 15000 to fix it up because the appraisal value is 32000 on this house?
The answer to this question is more or less, yes. First, the home has to be free and clear meaning no lien against the property or that you have $32k in homeequity. Secondly, …most companies require that you live at the property. This can usually be verified with a utility bill, phone bill, bank statement stating your name and address(the address of the property you intend to use). Third, you have to get the home appraised by a licensed professional, if the appraisal comes back at $32k, your in luck. Lastly, you've got to have a decent credit score. Your credit score will determine how much of the $32k you are able to borrow(also known as LTV, Loan To Value). An excellent credit score will most likely enable you to use 100% of the homes appraised value. An average credit score may only allow you to use %80 of the homes value. Additionally, it doesn't really matter what you use the money for as long as you live at the property, have equity in home and have decent credit. Hope this helps!
To be a train driver you have to be at least 21 years old and have graduated high school. You would also need to undergo a physical exam and go through the Engineer's trai…ning course.
Answer The requirements for becoming a nurse depend on several factors. The state you live in, the "type" of nurse you want to be. There are R.N.'s (r…egistered nurse) which requires more schooling and training, and L.V.N. or L.P.N (lisenced vocational/practical nurse). I am an L.P.N. and my schooling took about 18 months. You must have at least a high school diploma and you must pass certain entrance exam repuirements. There are usually many applicants for a limited number of slots available. I do not make as much money as an R.N. and in some states my level of practice is limited, which means you may be required to take additional courses to become "certified". For example, in Texas, I had no limitations on my scope of practice. I drew blood, gave blood infusions, hung intravenous medications, and in Arizona I must complete additional courses and get "certification" for drawing blood. I don't believe that I can give iv medications nor give blood infusions. To make this long answer short, if you want to become a nurse, think about it very hard. There is a high burn out. In my class of 41 students, 17 graduated. It gets even harder after that. If you like hard work, long hours, immense responsibility and liability, become an R.N. This is not a field to go into for the money, you MUST be seriously drawn to humanitarian motives.
YOU WILL NEED NO DIPLOMA,BUT LOTS OF EDUCATION. None, Just an idea of Boxing and its rules Answer A degree from the school of hard knocks is highly suggeste…d. But for the most part good reflex's and enough guts and brains to survive in a chess match that will brake your face will sufice. you will need to be able to take a good beating and have good stamina.
Hey! All that is mandatory is a high school diploma. You may also tale a 2-4 year course for the better paying jobs. Anyone can cook with or without a diploma. Heck, you can t…hen call yourself a chef. Culinary school courses will give you the proper education and training to become a "chef". Generally, it is 2+ years for an Associate for Applied Science Degree, in that most can lead you into a career. You can continue for a bachelors which may take another 2+ years. Most (culinary) colleges will require a high school diploma to enter their college, some may not. You may need to take a test to enter, or an Ability-to-Benefit (A.T.B.) test which is a basic test to show to the college that you are going to benefit from their education. Speak with a college advisor for more information. FYI: I'm in my second year in culinary school. Good Luck!
Spelling and grammar. Basic sentence structure is mandatory also. Hello?
Seismology is a branch of geophysics. Seismologists will usually therefore have an undergraduate degree in either mathematics, physics or where available geophysics. Typically… they will also have a post graduate qualification as well. As such seismologists will study a significant amount of mathematics and physics in their university courses, as well as modules from the earth sciences relating to the composition and structure of the earth. Please see the related link.
a high school diploma is all that's needed?
Answer In most places, none, though some require licensing. There is a danger from careless use of needles, and some places regulate this. Most people learn …the trade from watching others, reading, internet, or whatever.
In Home Buying
You could buy foreclosed home below market value, ranging from 10%-50%. With this you could save a lot of money and if you decide to sell your newly purchased property y…ou will have huge returns from your investment.
Answer. Well it depends...How old is the horse, how long have you had it? You don't need to know much but you do need to know what you are doing. I have been riding sinc…e I was 4 years old and I am now 16 years old. I starting training (Working with my own horses) when I was 9 years old. so now I have my own training business. I hope that helps.