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Updated almost 12 years ago on . Most recent reply

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7
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1
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Cyles Barnes
  • Miami, FL
1
Votes |
7
Posts

Any advice is helpful :)

Cyles Barnes
  • Miami, FL
Posted
Hey, I've always like the whole real estate thing when I was young. I'm now 20 years old and finally want to start learning more and actually get into the business. I have no money saved up, bad credit from school loans which was a waste of time after getting two Associate degrees and also credit cards. But I'm Thinking of taking a weeks class course then get my lisence in the next month. Even though the money and bad credit can be a set back and down fall for me working a part time job with bills, I'm ready to get started with this, stay focus and achieve my endeavors. Any ideas or advice would be helpful. I'm eager to learn more!!

Most Popular Reply

User Stats

100
Posts
34
Votes
Jenna Stonecipher
  • Real Estate Investor
  • Memphis, TN
34
Votes |
100
Posts
Jenna Stonecipher
  • Real Estate Investor
  • Memphis, TN
Replied
Even though the money and bad credit can be a set back and down fall for me working a part time job with bills, I'm ready to get started with this, stay focus and achieve my endeavors.

My advice would be to get a full-time job in addition to that part-time job. If you can't manage both, then get a full-time job with a side hustle. At one point, I was working 3 jobs to get my finances straight (student loans suck). Waiting tables can be lucrative... and a great ground zero for making connections.

I would start with reading books, following blogs and listening to podcasts before you spend money on a RE license. The license will benefit you once you've built a network and have the capital and credit to buy properties. Right now, I don't think there is much you can do with it. I researched real estate investing for 2 solid years before I jumped all in. You can move as fast or as slow as you want, but get your finances in order first.

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