Just passed the Indiana real estate exam. What’s the next step if my plan is to become a successful investor and start up capital is low or essentially none existent but the drive and determination is present?
1. Save money any way you can. Downgrade housing, get a cheaper car, skip eating out for lunch/dinner. Stop smoking/drinking etc.
2. Partner up with an investor that has the capital and is missing something that you can bring to the table.
3. Find a private lender that will help you jump start your investment career.
4. Win the lottery. Just kidding, this is extremely unlikely, but it's fun to dream sometimes.
5. This is most important, make sure you know what you're talking about/doing when presenting your plan to others and know how you intend to put that plan into action. It's one thing to be a new investor, but another to be an individual that just has a goal with no plan. A goal without a plan is just a wish.
There are other ways to get started, but these are just a few ideas to help you get going in the right direction. I don't know what your plan is other than to "be a successful investor". Spend the time to narrow your focus and educate yourself on that niche and go from there.
Research and learn!
There are several ways to invest in real estate. Find out what works for you and follow that plan.
I know that's vague, but your question is wide open.
@Bob Okenwa thank you very much for your wisdom. I greatly appreciate it. This is exactly what I needed. Have a blessed day.
@Barry Pekin thank you. Every little bit counts.
@Patrick McNeill go door-knock pre foreclosures and sign Them up to move it quickly. Work with broker to get your feet wet.