All Forum Posts by: Chue Xiong

Also do you have any advice on building connections and other ways to build up experiences? I feel like I am reading a lot but not doing a lot because I don't know how to get started.

@ Melissa I found your advice to be very helpful and have been reading more into real estate investing from BP and found them all to be very helpful and are giving me resources I couldn't find before. I am now looking into making spreadsheets analysis as well as just how to do the analysis itself. I can see that this will not be something I can get done fast but I suppose if I'm not spending the time then I probably shouldn't be doing this. Thank you for your insight.

@Zach I was actually thinking about getting a real estate license, however what are the benefits of doing this? I know that it can be costly, so I would like to know more about it first before I decide to jump into that part of the business. I've not heard much about investors getting real estate license actually. Is it common?

Dear BiggerPockets Members,

I have recently developed a great interest in real estate investing and am looking to get started. I have read and researched about getting started and have even made my first step in going into a bank and getting a credit checked to see if I am pre-qualified for loans. My problem is that I was denied because I don't have enough credit rating even though I have really good credit. The loan originator suggested that I work for a year and build a income first while paying off student loans so that I will have good rating; I just graduated college (completely different subject by the way).  However this is still something I would like to pursue for my future. Is there any kind of advice anyone can give me about what I can be doing while I work to build my credit rating or if I have other kinds of options? I would also like to hear stories from anyone who wants to share about how they got started, or any kind of advice anyone can offer.

As for me I graduated with a BA in Theater and after graduating I realized it was not what I wanted to do for the rest of my life. I love working with people which was why I chose theater and acting has helped me with my struggles in depression, but I also realize now that I don't necessarily like working for people. I am telling about myself not because I regret choosing my major in college, but because I feel I don't have all the necessary skills to get started in real estate investing. For example I may struggle with fixing up my own property so at the moment I am volunteering to help my property/building manager fix up the apartment building I am currently living at and gain some experience in this part of the field. 

Thank you to all who read all this and offered any kind of help, I really appreciate it!