Hello REI community! I look forward to networking with everyone and gaining valuable information. I am a complete newbie with absolutely no background or experience in real estate at all. Like many others I was drawn to the opportunity of investing in real estate because of the possibility of obtaining financial freedom.
It all started with an advertisement on my Facebook newsfeed to attend a 3 day seminar on how to invest in real estate without using your own money. Since I don't have much that was very intriguing. I paid the $2000 for the course and now here I am just trying to build a network of support and to learn all that I can.
Since I don't have a lot of my own funds to begin with my plan was to start with assignments (or is bird dogging what I should call it) where I match wholesale homes for sale with potential buyers and just take an assignment fee. Once I've made enough money from these I'd like to move on to wholesaling, where I actually buy the property at a low price and sell low, and from there move on to actually rehabbing my own homes for bigger profits. The sky's the limit really, but I'm starting out with baby steps. Any advice would be much appreciated.
Welcome to Biggerpockets. You got to the right place in learning more about REI. I think Brandon's book on Investing with No or Low Money Down can help you out.
Thank you Michael I will definitely check out Brandon's book.
BP is full of useful resources such as forums and blogs. Welcome to the Bigger Pockets community-be sure to check out all the awesome BP blogs under “Learn.”
Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). You can Google to locate them and go to meetup.com
Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook
Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over
Hi @Nicole Thompson ,
Welcome to BP. I'm sure you'll soon realize that you can learn more here than from most paid courses :)
Make sure to check out the podcasts, they are a gold mine of information.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you