Newbie!

3 Replies

Hey, my name is Gabrielle and I am 22 yrs old. I've been looking into real estate investing for maybe a year and a half. I have been to seminars, have done all the  research possible and cant seem to build the courage to actually do at least a wholesale deal. My fear is failing, i know millions of people have failed and I don't want to be part of the millions. I was hoping to find someone in the Hamden county area who would be willing to mentor me and be my guidance with at least one deal to help get my foot in the door and be more comfortable with doing deals on my own. OR even letting me stand on the sidelines watching a more experienced individual do a wholesale deal. I just need guidance... and i guess some confidence! :)

Hi Gabrielle,

Congrats on getting started. As the late Zig Ziglar said, "Failure is not a person, it's an event." If you're afraid of failing then you should never try to do anything, ever. Ask any seasoned investor and they'll probably tell you that their failures were some of the best things that could have happened. You learn A LOT when you fail. What sets those who are successful apart from those who are not is that they are able to pick themselves up after they "fail" and recognize why and learn from their mistakes. And, they know they'll fail again.

I would recommend looking for a local real estate investing club or Meetup and start getting to know the people. You'll be able to start figuring out who the real players are. Get to know them and see if you can get one of them to take you under your wing. Ask yourself before you start trying to meet them, what of value can I bring to them? 

Best of luck!

Eric

I appreciate your honesty. For courage I recommend you read:

• Feel The Fear & Do It Anyway
• Unstoppable Confidence

For Guidance Systems:

•Cris Chico
•Rob Swanson

God Bless...

@Gabrielle Cartagena  

Welcome. Remember FEAR is False Evidence Appearing Real you need to push throught. Time to build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 80 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

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 all the cash buyers (rehabbers) you will need. Here you can meet others to work and partner with.

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good luck

Paul