Flipper/Rehabber · San Antonio, TX · Member since 2017 · 3 posts · 0 votes
Hello all,
What would you do if your able to proved everthing for your family? I want to give them all i can. I believe the best way to do that is through real estate. I want to learn all I can and help others in the process. I'll take all the advice you can give. Thank you!
@Luis Arroyo First of all, find your WHY and make sure it is strong enough. REI can sometimes be tough, so you need to be strong and have strong reasons to keep going forward. You have to read and keep learning (books, articles, any thing real estate you can get your hands on). In which stage are you in your quest?
I have been listening to the bigger pockets podcast on youtube. Currently reading the ultimate beginners guide to real estate. Im trying to understand the little or no money down concepts. The first steps are always the hardest, right. Iv been analyzing deals on realtor.com to get experience. Im just so egar to start, but at the same time want to be smart about my moves. Thank you for your advice Patrick.
I feel the same honestly. I'm currently in college for my degree in urban planning , but I want to shift to REI soon. A small of now I've been watching YouTube videos, paid for a REI seminar and reading up on a few books. I want to start by wholesales and soon shift to buy rentals in NYC. (My backyard). Any suggestion as to what I should read or focus on if I want to start wholesaling.
If you truly want to be smart about your moves don't waste your time learning "little or no money down concepts". They are mostly a scam and not worth your time. The best way to get into investing that will have the highest possibility of success is to save the cash necessary to start.
95% of new investors fail in a big part due to trying to start with nothing to invest. Hard work, drive and ambition are valuable but very rarely acomplish goals in investing without the cash to support your efforts.
Concentrate on saving money to invest and your efforts will be rewarded. Short cuts rarely lead to success.
its a game of tortoise and the hair. Slow and steady wins the race. I here that all the time, the thing is i dont want to wait to long . i feel like its a game of risk and reward, but if you dont ever move you will never seek the rewards. Its a game of taking strategic chances at times. What you think?