Is this worth my time???

[Account Closed]

Hi all!

This is my first time posting (other than the obligatory intro post) and I'm just wondering, is it worth it?

I have been studying and listening to the podcasts for a long time and finally convinced my husband and our two best friends (our partners) to jump into real estate. The problem is that we don't have much extra money for marketing, and such. I didn't have money to buy a list, so I went to the Central Appraisal District and got my own. It took me HOURS and HOURS to sort through all the properties. I don't have money to buy and mail a ridiculous amount of postcards, so I bought stationary and I'm handwriting letters. (I know this isn't scalable but once I get a deal, I can allocate more toward marketing.) The problem is, once I whittled down the list of tax delinquencies, I'm down to less than 200 that fit my model. Is this worth it? Am I wasting my time with so few properties? I don't want to put a list, postcards, and mailings on a credit card, but I will if I have to. What would you do?

Thanks!

[Ned Carey]

@Account Closed as you are finding out despite what the Gurus say, it does take money to do real estate.  Is it possible to start with nothing, yes. Are you likely to succeed by starting with nothing, no.

The people who do succeed are the ones who persist, and continue to learn and grow.

So is it worth you time? If you persist until you succeed, yes. If you learn something from the experience you can apply later, yes. If you give up before you get anywhere, no.