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Updated over 1 year ago on . Most recent reply

Newbie I am lost. I know where I want to go but idk where to start. Saw
First of all Hi everyone, I am so exited that I found you on this website. And that I could learn, and be part of this community.
Like I said I am new at this and I don’t know where to start. Where I can find my answers and the right direction into this journey.
to begin with one of my questions is.
How do I structure the legal paperwork and the right way to start raising money?
if someone can breakdown for me I would truly appreciate and return the favor one day . Thanks
Most Popular Reply

Don't take someone else's money until you have actual, first hand experience. You don't know what you are doing yet and have not proven yourself to be a good operator. It's not a good idea to get an on the job education paid for by a family member. If you have a rich uncle or parent that just wants to help you out, sure, go for it, but if a family member is diverting money from savings or another investment to purchase real estate with you, that's a bad idea.
Would you give your money to someone that posted in an online forum "I am lost and idk where to start?" I would venture to guess that the answer to that would be no, and until that changes, you don't need to take money from anyone, much less a family member.