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A yahoo search for "missouri real estate license" turned up 10,700 results. I am sure that if you do the same search, a little exploring will turn up the information you need very quickly.
Good luck with your search.
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If you’re looking to purchase real estate to rent for investment purposes, but aren’t sure how to identify a good real estate deal, there are a few things you need to educate yourself on before you make your purchase.
A good real estate deal can be based on these components: price vs. value, the potential profit, and potential appreciation of the property.
Price vs. Value
When looking for a real estate property to invest in, you need to take into consideration the sale price and the current or potential value of the property. If you’re looking to purchase a condominium or home to rent out, look for fixer uppers. Since you won’t be moving into the home or condo immediately, you have time to make the necessary repairs. You have more leverage to negotiate a lower price on a fixer upper. Since repairs do need to be made, you can make the claim that the cost to make the resident inhabitable makes the current selling price unrealistic. But don’t just run out and purchase the first rundown home you find. You need to have it inspected to make sure there is no structural or serious damage to the home. You don’t want to purchase a fixer upper and later find out the property needs hundreds of thousands of dollars in repairs.
Profit
The reason you’re purchasing real estate is to make a profit. So, before you purchase a property, you need to look at market factors. As a rental property, renters will be your primary form of income. But if the current rental market is down, you’ll have a tough time finding a tenant who is willing to pay a monthly rental fee that covers the mortgage and net you a monthly profit. If you’re purchasing a property to rent, make sure the property is in an area that has a consistent rental market. Properties near colleges, for example, are a great buy. That’s because not all college students live on campus. Many rent property around the college to cut down on their commute and because it’s cheaper than on-campus living.
Appreciation
Even if you find a fixer upper for a great price, you need to be mindful of the area. The reason you got the property at a great price could be because the area is starting to depreciate. Property value fluctuates over the years and is affected by many factors. If a once affluent area is now burdened with landslides, high crime, or lack of employment opportunities, the property value of that area can depreciate. Even if you can purchase real estate at a rock bottom deal in a depreciating area, doesn’t mean you should. If the property value of a specific area is depreciating, so will the rental price on rentable property, thus lowering your potential profit on the property.
Other Things to Consider
One thing you need to think about when investing in real estate is how you’re going to manage the property. Even if you find a great real estate deal, do you have the resources to manage the tenant and deal with upkeep on the property? Are you going to manage it yourself or outsource it to a property management company? When repairs need to be made, who is going to make them? These are questions you need to ask yourself before you purchase real estate. You don’t want to get in over your head and end up spending all your profits on property upkeep.
Great real estate deals are out there. You just need to know what to look for and what to keep in mind when you’re search for investment real estate. A great piece of property can net you significant profit; but if you purchase unwisely, your investment property could end up being a money pit.
If you’re selling a home, you need a licensed real estate agent. It is feasible to sell your home on your own (i.e. For Sale by Owner), but without the proper knowledge of how to sell real estate and the paperwork and procedures involved, you could end up shooting yourself in the foot. Using a real estate agent to sell your home will cut back on headaches and ensure that all appropriate steps are being followed and documentation being completed.
Step 1 - Ask Around
If you’ve never dealt with a real estate agent before, ask your friends and family in the area if they recommend an agent. It’s better to go with an agent that comes with a personal recommendation than choosing one blindly. You should also ask your neighbor if they know anyone, especially if your neighbors are new to the area. Asking around will key you in to some of the better real estate agents around and which ones to avoid.
Step 2 - Go to Open Houses
This might seem a bit strange, but if you want to find an agent that knows your area, you should go to open houses in your neighborhood. Even if you don’t want to stay in that neighborhood, a local real estate agent is the way to go. Local agents know how much you can get for your home based on your neighborhood and the condition of your home, and can provide you with insight an out-of-area agent can’t. So, visit a few local open houses and talk to the agents hosting them. If they aren’t able to take on any addition sellers at the moment, they might be able to refer you to a fellow agent that knows the area and can help you get the best price for your home.
Step 3 - Choose a Reputable Real Estate Office
Real estate agents work out of real estate offices. They work with the office as independent contractors to help sell homes. When choosing a real estate agent, be sure to stick with the larger offices. A no-name office doesn’t have the resources necessary to sell your home fast and for the best price. The bigger, more established real estate offices often have a network of agents and other real estate professionals that can serve you and your specific selling needs.
Step 4 - Take Names and Ask Questions
The bottom line is you’re the customer when you’re selling your home. You choose the real estate agent, they don’t choose you. So, don’t go with the first agent you find. Shop around. Ask your neighbors for references, go to open houses, and visit the larger real estate offices in your area. Write down the names and contact information of some of the better agents you meet. Then, sit down and choose 3 or 4 agents you like and start analyzing. Think about which one will get you the best price for your home and, most importantly, work with and help you throughout the entire process. Some agents can get top-dollar for your home but are very difficult to work with on other areas of the deal (i.e. completing paperwork, escrow, etc.). If you can’t decide on an agent, call you top choices and set up an interview. Have them bring their resume and proof that they’re a licensed real estate agent. Most agents will be willing to sit down with you and give you their sales pitch. If they aren’t, then it’s obvious they aren’t willing to dedicate themselves to helping you with selling your home.
Selling your home is a big event. The home selling process is a large undertaking that requires the expertise of a real estate agent. So if you’re thinking about selling your home, don’t go it alone. Use the steps above and find a reputable, reliable, and helpful real estate agent.
What features do you want or need that will make you select using one real estate web portal over another? Being free does not answer the question because if the site is free, no money can be spent promoting the site to make it popular. So what else do you want? There are many real estate web sites to select from but I presume you have preferences based on the ease of useability or content that most conforms to your needs. Have a look at this site - http://www.findrealty.com.au and please let me know what it is lacking. First thing you will say is content but there is the slight problem, which comes first, the chook or the egg? How does one get content if nobody is advertising their properties? What does this site require that will make it a preferred portal, what do you the user or surfer want to see and what features should we add to improve our site?
Please provide feedback…….
Okay I am wanting to get into real estate and buy and sell properties. Any advise on how to do this with little money and little assets.
My family has been doing this forever. That's how my dad made all his money. And I have done three of them for a very tidy profit myself.
Here is the formula…
1) Find a property you can buy for no money down. There are lots of them right now since it is a buyer's market. Making realtors, sellers, and banks a lot more willing to negotiate.
2) The property should be in a decent neighborhood and in need of a cosmetic makeover ONLY!! IE: If it needs new plumbing and a new roof, pass it by unless you can do the work yourself. You want the property that has blotto curb appeal, needs new carpeting and could be a real charmer with some fresh paint. Trust me, there are lots of them out there. You just have to look.
3) DO AS MUCH OF THE WORK YOURSELF AS YOU CAN! If you hire it all out, there go your profits.
4) FIX UP THE HOUSE ASAP!! Do not give yourself a year to do it. You make it your number one priority as soon as you have the property in hand. The longer you hold onto it, the more you are going to lose. You want to turn that house around in 60 days or less if you can. Taxes also come into play here, so the quicker you can flip it, the better.
5) Sell it for a reasonable fair market price. You either need to do a good market analysis yourself, or find a good realtor who can. And FYI - I would sell it myself cause it will keep 5-6% of the profits in your pocket.
That's it. Truly not brain surgery. About 90% of the battle is finding the right house in the right neighborhood. My last bit of advice to you…do not expect a killing on the first one. You want to make enough for it to gain you a positive $$ flow, but you don't have to double your money for this to be a good deal. You just buy better properties as you go. That's how you build a strong foundation for any business. And flipping houses is definitely a business.
Good luck and hope this helps!!
If so, does anyone know how to get started?
Yes quite a few people have become millionaires by writing books telling you how to do it.
OK—Scour your real estate adds every day.
Find a GOOD Realtor one who listens.
Buying with no money down is like fishing the more times you throw an offer out there
the more action you are going to have on your line
Have your Realtor stay in some sales by leaving his commission in the deal
Write offers never be afraid to low ball Price and Terms never trade off one without getting the other
ONE THING TO REMEMBER
If your real estate investment co is going to grow or even survive Your properties MUST CASH FLOW
cash flow cash flow cash flow Is your friend
Without it you are A giant foreclosure sale.
Do you have to disclose you are a real estate licensee when buying or selling yourself home in Texas even your license is "inactive" ?
the first two answers above are wrong. if you are INACTIVE, you MUST disclose your status on the contract/paperwork/etc. if your license has been inactive/expired and thus revoked/cancelled, then you're not a licensed agent anymore. why wouldn't you want to disclose your licensing status? sounds a bit fishy NOT to disclose it, unless your license has been cancelled for not being reinstated in time.
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Easy to figure this one out.