Correct Me If I'm Wrong Please

[Julez Seino]

So Uh Life Insurance was a misfire for real estate investing right now. I get that takes a while. So back to the drawing board. The situation is, I have none of my own money to invest. But I understand I can use other peoples money (private lenders, hard money loans etc). I would assume they do a credit check So I have to have my credit Looking good. I believe I would have to scramble up some kinda money to put into a deal because I wouldn't get 100% Funding being brand new. And it sounds right to network and partner up with an already well established real estate investor who has experience & who lenders already trust. And before all of that I do Create a LLC in my own state & other states I want to invest in? Am I on the right track here? Btw I would love to get to know some real estate investors in the tri-state area. NY NJ CT and PA as well. Am I on the ball here?

[Bill B.]

Go ahead and create your llc. AFTER you’ve got at least 10-20 properties. IF you have at least $1million in equity.