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Updated over 8 years ago on . Most recent reply

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Miyako Boyer
  • Rental Property Investor
  • Las Vegas, NV
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28
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Taking the first step with nothing.

Miyako Boyer
  • Rental Property Investor
  • Las Vegas, NV
Posted
Hey bigger pockets Ok I am currently living in Nashville and I am still in the process of actively learning and studying real estate while I work my full time job. Does anyone have any suggestions on how I can get started without using my own money and with having not so good credit at the moment?... I know there has to be a way around this. If there isn't a way what do you suggest I do? Also I keep going back and forth with the idea of going to go get my license and then transition into flipping and doing rentals. However, I do not want to be an agent for very long, if at all, that isn't my goal. I've been listening to podcasts as well as reading, yet I'm still at a barrier on how to actually begin, and I'm extremely anxious.

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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

Thanks @Brian Gibbons

Nobody likes my advice on these though, lol.

Being broke with bad credit is a symptom of our priorities.

Look around - fancy coffee and restaurant/fast food/bar remnants?  A 'nice' car in your apt parking lot or driveway?   Going to the mall and tat shop often?   

I'd eat pb&j and ride a bike every day before I went back to trying to keep up with my broke friends. Be different to get where you want to go.  It's not forever.

Learn about how to be a creative problem solver while you save.  @Derrick R. gave some great tips about how to source motivated sellers.   Take a different route to work and look for opportunities - high grass, no curtains, notices posted, piled up mail or junk.  Find the owners and offer solutions.

Turn off the tv and read.  Listen to podcasts and audio books instead of music.  Sacrifice to change your life @Miyako Boyer!  

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