Creative Real Estate Investing Question

2 Replies

Hi, I am new to the site, I am looking to get into Real Estate Investing, I have seen business opportunities asking for upwards of $10k for mentoring for how to do creative investing without using your own money or credit. Is this possible? My credit is not great but I have some cash on hand, just wanted to know if it is truly possible to get into this business with challenged credit?

Sure if you are ok borrowing at 20% and have collateral.

@Antonio G. Welcome to BiggerPockets!

Few things:

1.) I would never pay 10K to learn anything (edit: outside of a college education), including REI.

Why?

Because the internet exists. There are always people out there who are willing to answer any and all questions that you may have without paying one red cent.

There are worthwhile investments in your education. A 10K powerpoint presentation isn't it.

2.) If you want to learn from the ground up, read this from start to finish.

http://www.biggerpockets.com/real-estate-investing

3.) Listen to these (at least the relevant ones)

http://www.biggerpockets.com/renewsblog/category/podcast/

And ask questions whenever you have them. I'm new myself, but I'd like to help you where I can. That search box at the top right corner will probably be more helpful though lol.

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