How we are getting started in Real Estate Investing
For years now, my wife and I have been throwing the idea around about getting into real estate, we did some research on houses and never made a move. Finally after seeing a commercial on tv, about becoming a real estate investor and "making it big", we gave in and went to the free seminar. It really peaked our interest, so we paid the almost $3000 to "get started in our new future", in their 3 day training.
So, staying in a hotel for 3 days, and listening to the guru, and getting his "insider information that he was not supposed to tell the students". I do have to say that at that time I believed, it was worth the money. Then on the last day of training, we got hit with the, but there is more. For close to $30,000, we were told that we would have access to insiders cash, unlimited support, and so much more, so we gave in and borrowed the money from family. That lasted about 2 weeks, then never heard from anyone again, and no one will answer any questions. YES that was our worst decision we have ever made.
The good thing is, we have not given up, we still owe family money, we still love the idea of investing in real estate, and are working every day, finding deals, working the numbers. We have gotten to meet and talk to some really great people and the best advice and help we have gotten, has not been part of the "bigger better training".
Now to what gets slows us down. We have found some great deals, and some really good cash flow properties. But we have borrowed so much from family, and our credit is not so great, my job is barley cutting it with bills and taking care of my family. We are struggling to fund these great deals.
We have gotten discouraged, but have never threatened to quit or give up. We have a goal and we wont stop or give up. After reading forums, doing research, and becoming involved with real estate groups, we believe that we can really succeed at investing.
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