Newbie struggles

5 Replies

Hello Bigger Pockets!!

So, everyone has a success story, this is going to be the beginning of mine. I am 21 years old and have been working as a full time Credentialing Specialist for about 3 years and I am sick of it! I've always been interested in Real Estate so I am currently taking a course to get my license. Since i am not aggresive, nor do i have sales experience, instead of struggling to find a broker to work for, i thought i might buy a small house next next year and rent it out, sounds great but then what?how do I go about making a lease and the difference types of homeowners insurance. There is so much information out there, I am overwhelmed. I am located in south florida, is it hard to find a broker,that will take on a newbie. Also, has anyone juggled working 9-5 and real estate, I have no idea how that would even work?

Thanks BP! 

@Sade Williams

Welcome to Bigger Pockets. BP is full of resources. You will find resources here from blogs to pod casts and forums. You can also send messages to members which is my favorite part of the website.

@Sade Williams

Welcome. 

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). Find them through Google and meetup.com

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

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

Good Luck

Paul 

@Sade Williams - fantastic opening line. Positive thinking and determination add up to about 90% of what you need to be successful.

Sorry- I got excited about the first line and forgot to read the rest of the post.  A lot of investors here are doing it part-time to supplement W-2 income.  Don't be intimidated by the guys who own hundreds of units and grow large businesses.  It's great to learn from their experiences, but you don't have to quit your job to invest.  I plan to continue working my W-2 job indefinitely.  If real estate starts to infringe on that time, I will slow my growth. That leads to slower growth than I might achieve if I dove right in full time, but I like my job, and don't really want to be a full-time investor.  I know that means I'm not worth Michael E. Gerber's time, but that's alright with me.  

To keep your job and invest, just go slow.  Learn all you can, then when you feel ready, dive in to whatever area you think you are most suited for success.  I'm currently working on a blog series about my first multi-family purchase that might be helpful.  Here is a link to part 1: http://www.biggerpockets.com/blogs/6815-a-few-year...

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