Need too be pointed the correct way

[Shane X.]

Hello everyone,

My name is Shane and I have had an intrest in real estate for quite sometime now. I'm 22 years old from new York. I can't seem to find the right book to help me get started so I found this website in hopes of help.

My goal: To buy a foreclosure fixer-upper and too fix most of the house my self and either sell or rent.

My situation: first of I have a credit score if 720 just checked 3 days ago. However I only work part-time seasonal and I heard the bank won't give me any loan cause of my income.

So my question: what can I do too get started? I don't have money too put down or anything but I want too get my life together and start a new and exciting career. My parents have brought two house and are renting both out and have too pay one of the houses so they really can't help me out.

Any information would be greatly appreciated

Thank you

[Will Barnard]

If your goal is to fix and flip, you need to spend at least 2-3 months on Biggerpockets reading the rehabbing and REO forums as well as the wholesaling forums. There are many falacies in this world about real estate investing, much of which is perpetuated by the con artists (also known as gurus). Stay clear of them, this site will keep you safe and get you the most up to date and accurate information. If any info given is inaccurate, you can be sure that another member will post about it. That is the power of this community.

After you have read and engage in conversations in these threads for 2-3 months, you should have a real strong understanding of how the game is played and what it takes. Then apply that knowledge in the real world by "practicing" before you buy anything.