Hello to all the BiggerPockets community
Hello my name is Omar, and in searching to better my financial knowledge, I stumbled across this community. I watched some YouTube videos and I got hooked.
I realize now that I need to ask for help. I have not yet bought any properties. I don't have good credit. And I don't have any reason estate experience.
But I do have the drive, and the desire to dedicate myself to real estate investing.
But I haven't even bought a property yet. Why am I so afraid of taking that first step?
I want to ask, in getting financed, if I go to a bank, with my bad ctedit, won't I get rejected for any loan?
I'm living in Irving Texas, my family lives here, I moved here just 6 months ago from Long Island New York, so I'm pretty much new here.
And I need some coaching from the commuity therfore I'll be reading blogs and topics that can help me get past this fear.
In the mean time, should I try to seek out a pre approved loan some where?
What would you guys recommend I do first? Loan wise.. Because I have a clear picture of which direction to aim for with property. I wish to buy and hold properties I can rent.
I'll need to start small I have no experience. So I'm looking to buy a single family home 3bd 2 ba.. Or a duplex.
And I have started reading more books on real estate to further educate myself.
But I feel like I'm reading and reading information but I'm not acting, or putting that information into action.
I don't feel that I can do this alone but I'll need to begin doing it alone at first to get this fear out of me, which is why I'm posting this as a comment. Just so I can let go.
Thank you guys for reading my first post.