Hi I'm Derrick Gray from Los Angeles

Hi I'm Derrick Gray from Los Angeles

Los Angeles, CA · Member since 2017 · 9 posts · 0 votes

Hi I'm very new to the business. Usually when I want to master something I get the basics then find where I should go from there. So after scouring YouTube for about 10-15 hours and soaking up as much as I can this leads me here. I've seen so many videos that say one can market and make money without using your money or credit. Just wondering if some of this is too good to be true and if not I would love for you guys to enlighten me more of the industry. I'm very motivated and I'm hungry to be in this industry and I can't wait to hear back from you guys.

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Specialist · Indianapolis, IN · Member since 2014 · 670 posts · 352 votes
9y

@Derrick Gray the industry is not easy and it's not a get rich quick play. If your willing to work your tail off, pound the streets, and learn you can make a nice living. If you can provide value, it is entirely possible to not have to use your own money. Best of luck!

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  • Michael S.Pro Member
    Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
    9y

    Welcome to BP @Derrick Gray Check out Brandon's book on Investing with no or low money down, it will give you a lot of ideas on how to start without using your money or credit. 

    BiggerPockets
  • Rental Property Investor · Encino, CA · Member since 2016 · 324 posts · 178 votes
    9y

    Welcome to BP and don't forget to check out the Podcasts! There are new ones weekly.

  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    9y

    Hello @Derrick Gray , welcome to the site! Here are some good places to start: http://www.biggerpockets.com/meet- find and connect with other BP members that are in your area.

    http://www.biggerpockets.com/alerts - Set up keyword alerts to be notified of the topics that interest you.
    And, of course the
    http://www.biggerpockets.com/forums - ask any question about real estate!
    See you around!

    BiggerPockets
  • Specialist · Indianapolis, IN · Member since 2014 · 670 posts · 352 votes
    9y

    @Derrick Gray the industry is not easy and it's not a get rich quick play. If your willing to work your tail off, pound the streets, and learn you can make a nice living. If you can provide value, it is entirely possible to not have to use your own money. Best of luck!

  • Real Estate Agent · Redlands, CA · Member since 2016 · 253 posts · 115 votes
    9y
    Hello Derrick! Welcome to BP. Yes you can get into what is called "wholesaling" where you get paid for finding a property that needs work and then finding a buyer that wants to buy it cash and flip it. The reality is that in Southern California there are 1,000's of wholesalers. You will have to spend money sending out flyers ect to find deals so it isn't a no money get rich quick scheme. Are you currently renting and do you have any money for a downpayment? Maybe consider buying a duplex/triplex/quad and renting out the other units to help pay your mortgage.
  • Professional · Carlsbad, CA · Member since 2012 · 12k+ posts · 1k+ votes
    9y

    @Derrick Gray

    Welcome to Bigger Pockets. Make sure to listen to the podcasts. They are very informative, and contain ample information. https://www.biggerpockets.com/blogs/

  • Jo-Ann LapinPro Member
    Loan Officer · Tustin, CA · Member since 2015 · 3k+ posts · 713 votes
    9y

    You do need some skin the game. Be careful and try and partner up on a least a couple of deals so you have a mentor and really learn the ropes.

  • Warren, NJ · Member since 2017 · 24 posts · 1 vote
    9y

    Welcome and good luck (from another newbie)!

  • Upland, CA · Member since 2016 · 20 posts · 1 vote
    9y
    You can definitely do it but you're going to want to find a mentor you can trust to help you and to make sure you're doing everything properly.
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