If your a "Newbie" like me and you ended up on BP Ur N REI HEAVEN

11 Replies

Last year I read a book maybe you reading this have as well and if not I recommend it. Its called Rich dad Poor dad. This book literally changed my life not to tell too much of it,but I learned about financial freedom. I have had a full time for 5yrs you know the typical 9 to 5,and although im blessed and thankful to have a job i just wanted to do something different create a form of passive income on the side I decided REI was the best option for me. I started going to open houses talking to realtors, they would proceed to ask me that magic question Am I Pre-Qualified? with my recent bankruptcy and my credit in the rebuilding stage a bank wouldnt touch me. Im obviously summarizing here but i eventually landed here on BP,and in the past 5 days Ive learned more than I ever have. Watching old videos listening to old podcasts starting discussions so on and so forth. In the past 5 days I have gained a mentor, and just recently despite my Bankruptcy situation a Private lender reached out to me and basically said if a deal is a good enough they might give it a shot. Hey thats a hell of alot better than the rejection i been getting. Even the advice you get in the discussion forum is good advice.... there are a few rude people but hey the good out weighs the bad........In conclusion Never give up and the golden Never say this wont work ask yourself how can I make this work . I will be watching cheering you other Newbies on,But for now I have to go hunt down a good deal Best of wishes God Speed.

P.S.   Take Notes

Great attitude @Dante Foreman .  Another thing to consider, if you invest in syndicated deals as a limited partner (passive investor) neither your credit score or financial history come into play.  Once you can show that you're a sophisticated investor and have the money to safely invest, you can invest in many offerings.  You don't 'control' the deal, but you're 'in real estate.'  Just another of (many many many) opportunities out there that you can think about.

@Dante Foreman This business is brutal, but if you can keep you mind on straight and keep at your goals, you can do anything. Remember its not about making the fewest mistakes, its about being resourceful enough to rebound from those mistakes, learn from them, and do better the next time. 

Hell yeah @Christopher Blanco I totally agree. I believe I have a awesome team behind me,and if I do fall they will be there to help me rebound

@Dante Foreman You my brother have the right attitude! You have a mentor as well which has been key for me as I'm a newbie though I have been on BP for a couple yrs.  I have learned a lot from many people on here as well and love the openness and willingness of many to lend advice.  Looking forward to making my first of many deals this yr.  Keep reading and asking questions. Pick the minds of as many people as you can for that knowledge is priceless.  Well wishes in your investing and life itself.  On a side note my best friend from my time in the military lives down there in Louisville and some other family in Lexington don't know where you are in relations to that area but we love going down there lol. Blessings.

@Randy Campbell Sr my bad  for getting back with you so late Im still currently at my full time job, and i cnt interact like i want to. I have family in Lex,but I am a few hrs away from there. Thanks for the words of encouragement we could all use it from time to time,but yeah this is your yr bro time to make those deals

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