New Member from Texas

4 Replies

I started in real estate as a salesperson and worked in this field for 2 years. I found out on my own that this job required me to have money on the side to make money. Today, I no longer have my real estate license but I am interested in investing because I am looking to be financially free. I understand that in order to get something in life, you must work hard for it. I am a really hard worker and I believe that I can be one of the best real estate investors if given the chance. I look forward to meeting new people and starting new ventures.

Cheers,

Maggie

Welcome to the site @Maggie Garcia

Are you still in the position of not having any extra money left over? If you are you will find it much more difficult to invest then to be an agent.

Typical path I see, is start as an agent, save additional earnings then invest those earnings in real estate....Rinse, Repeat.

@Maggie Garcia

1.  Determine WHY you want to build a business. Not just what you say is the reason, but deep down in your heart, WHY you want to build it.  You better be able to see so clearly that you can draw it on a chalkboard. 

2.  Determine WHAT you're willing to do to get there.  If it were as easy as saying "I want to be financially free", everyone would be financially free....trust me, they're not.  If you have a full-time job, are you willing to get home, eat, and work another 6 oe 7 hours, day after day?  If not, my guess is your #1 isn't motivating enough. 

3, Don't reinvent the wheel and don't learn from your own mistakes. You have to take every opportunity to build relationships with active investors in your area. This means attending every REI club and REI MeetUp group you can. In these meetings you will learn bits and pieces about the business and find out who is really doing the business (who the "active" investors really are). These are people who will work with you once you've proven you're serious. You have to know what a deal looks like or you'll be wasting your time.

4.  Become a marketing fanatic.  Deals don't come to you...you have to find them.  And yes, this means you have to spend money or you'll have to door knock or walk neighborhoods leaving a letter on doors until you find a deal.  Once you find a deal, don't be greedy.  Take that deal to a seasoned pro and let them determine how to monetize if and accept what the pro will pay you from the deal in exchange for observing how it's done.  Education is expensive but lack of education can be devastating.

Welcome!  Killeen/Ft Hood as well as nearby Waco are healthy markets and affordable.  A couple real estate investment clubs in each market to connect with others in the industry as well.  

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