Beginner investor seeking guidance on first investment Motivated!

6 Replies

Hi, my name is Necheon Cooney a motivated individual with a full-time job new to the BP community. making my first step toward networking awesome website by the way. I've been reading and researching about REI for months now. seriously been so excited can barely sleep at night. I recently discovered BP which is a great addition to my resources. Reading a lot of post and a couple of blogs and podcasts. found potential flip/sell deals working with a realtor but unable to take action because of lack of experience and enough capital. It has been difficult to get a conventional loan high enough to purchase my first investment. strongly leaning toward a partner/ mentor is this a wise choice? if any in local area or state of Florida. I would like to meet or video chat and build quality relationships but hard to find. Any advice on creative financing such as private lenders responses are greatly appreciated.

Sorry about my profile picture uploading at having trouble the moment want to build trust contact Via email or  phone if you want to see a pic of me or conversation.

Thanks

@Necheon Cooney 

Welcome. Your profession will be the source of all the private money you will need. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

@Necheon Cooney   Welcome aboard! There's a lot to learn, but most of what you'll need to know can be found right here on BP. 

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Thanks!!!! for the responses and for the information you  provided it is very helpful on my quest to success.

Thanks!!! for the responses and information that will help me succeed

Welcome to Bigger Pockets. Make sure you check out the forums, blogs and podcasts. Also many of the members have started a website based on their own speciality often times located in the footer. Everyone has their own niche and area of success. If you like their philosophy checking out their website is a great way to learn more about their business model. Also check out the free ebook on how to get started.

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