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Updated over 10 years ago on . Most recent reply

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Ference Dominguez
  • Little Rock, AR
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Cleaning up personal finance first?

Ference Dominguez
  • Little Rock, AR
Posted

Hi all,

I'm just learning the ropes to REI, and had a question. Should I clean up my personal finances before I even think about investing ( improve credit score, decrease debt, increase savings account..etc)??? Thanks everyone. I look forward to participating in these forums.

Ference

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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
Replied

Flips can be accomplished while being broke? I was unaware that was possible. I thought driving for dollars while accomplishing a wholesale deal was the way to make money while using no money in real estate.

1. Flips buy this book

http://get.biggerpockets.com/flippingbook/

2. Sub2, LO, SLO, OF, Wrap-AITD, etc see

http://www.biggerpockets.com/blogs/3/blog_posts/41...

It takes shoe leather, some flyers, knocking on doors, networking, gas, etc.

But you can "bootstrap" alot.

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