The hardest part of any endeavor for me as I imagine is for most people is resistance. I have for the last year been reading, studying, eating, breathing all things real estate. I have always had a love affair with houses and land and all the avenues available. Monopoly was always my favorite board game. I finally convinced myself to throw my hat in the ring. I signed up for online real estate classes, and have listened to just about every BP podcast available, as well as many audio books. I recently put in an offer for my first rental property, a foreclosure, that needs some rehab, but not extensive. I have met more "no's" in the past few weeks, than I can ever remember in my life. Loan amount is below our minimum of 50,000, you have to have months of reserves, we don't loan on fixer uppers and the list goes on.
last week I took the real estate test, I felt good about going into it, all practice test scores high 80's, low 90's. I passed the general section, and failed the state law section by 1 question. I am not used to failing anything. The good lord blessed me with a fair amount of intelligence, dedication and determination. My drive home from the testing center that night was the longest hour and 30 minutes ( lots of construction) I can remember my heart was heavy, my head hurting and my soul tired. The next morning as I was working out, and then meditating before starting my day it came to me clear as day, "If it was that easy everyone would be doing it", and a quote by Thomas Edison, " I had no choice but to succeed, as I had ran out of the wrong way of doing it".
I am still pushing forward, I will find a way to secure the financing to start my rental empire, and next week I re-test for my real estate broker license. I post this as more of an encouragement to anyone who is meeting the resistance and is up against the wall, you are not alone. Don't quit, if it was easy everyone would be doing it. Every no is a push in a different direction and breeds creativity. Every failure is an opportunity to learn.
@Scott King - Just out of curiousity, do you want to be a real estate investor or a Realtor? Two totally different things. Not that you can't do both, and plenty of people do, but it is certainly not necessary.
@Salvatore Lentini both, I feel the best way to learn anything is to be in the midst of it, and being a realtor provides access to people, who could potentially be mentors, customers, or partners.