I've read very interesting articles about how real estate investors started and became very successful. But is there anyone willing to share their experience if they started with my similar conditions: Already with a family, with teen age kids about to go to college in a couple years (Very Scary)
It will really help.
Well hello Rosa
Lets start with your circumstances. The real estate market doesnt care who you are, or what your life is like. What the market cares about and ultimately what will decide if you make a plie of money is the amount of effort that you put into making it as an investor, and the knowledge that you accumulate.
I have seen investors make it big and I have seen investors flop. Some of the best known real estate investors came from nothing. Ron LeGrand was an auto mechanic, Robyn Thompson was a waitress, Dr. Albert Lowry was an unemployed immigrant. I can go on for hours. Where you start really doesnt matter. I am not saying that to discourage you, I want to encourage you.
What we do is pretty simple when you boil it all down. We create our own oppertunities because we know more about real estate than normal people know. The reason that we are able to do this is because we have taken the time to learn the techniques of successful real estate investors who went before us. Then we took action, and failed, and failed again, and we keep taking action until we succeed. There is no magic here, just an unstoppable desire to achieve financial success and a commitment to learn.
You can do this. you can provide any life that you wish. It is not easy and it will not happen overnight, but I promise you that you can do this.
to your success
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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 (cash buyers).
Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook
Consider checking out HUD homes for small multi's owner occupied gets first crack.
Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over
Josh, thank your for your encouragement.
Paul I guess I am in the right direction because that is exactly what I'm doing. Thank you for your input.
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