Info for new investors

4 Replies

What's the best deal for a new investors in San Diego?, with little or no money and bad credit

@Mussie T Estiphanos

You're in an unenviable position, as it's a tough place to be for starting out.

The recent (and great) podcast with @James Wise would lead me to believe getting your real estate license could be a good start. It was not my path, but certainly makes sense when funds and credit are in short supply.

Welcome to the site.

Getting licensed would be your best route to get in the game.

To be an investor there are three very important things. One will need at least one of them to start.

1. Money.

2. Credit.

3. Experience.

At the moment you do not have any of the three. Becoming an agent will help you get two of them. Make some money as while You gain experience.

@Mussie T Estiphanos

Another option to get started with little out of pocket money is by starting a direct mail marketing campaign.  

This is how we got started and within the first month we closed our first deal and made ten times the money we invested to get the campaign started.  This option will also give you valuable experience analyzing deals, negotiating with sellers and eventually buyers when you get a deal under contract. 

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