All Forum Posts by: Kris Klark

Hi everyone!  I am completely new to real estate investment and am  eager to learn as much as possible.   I have a fair amount of experience in construction, landscaping, negotiations and business management.  I hope to utilize the skills that I possess while continuously building upon what I know to become a successful full time investor within the next three years.

I am new to the world of real estate investment and am trying to build a solid foundation of knowledge before I start making any deals.  My interest is broad and I could really go in any direction as far as "choosing a niche" goes. 

My question is this:  How can you protect yourself from a downturn or even crash in the economy? Is there anything in the world of real estate that is equivalent to shorting stocks?

It's been my experience in life that there is always someone making a profit when everyone else seems to be losing, it's just a matter of being clever enough to figure out how to be that person.  Are there any investors on BP that somehow profited from the crash of 2008, or is there any advice from someone who learned the hard way?

@Michael Boyer Thanks for the response! Is it realistically possible to find financing without being able to provide a history of income?  It seems it would be difficult to get anything from a bank without being able to prove my legitimacy but are their private lenders that are willing to lend to people like me?

Hi everyone.  I'm brand new to the real estate investment world.  At this point my interest is high and I am looking to get a broad education before I become involved in any investments.  I understand and agree with the theory of picking a niche and mastering it so I'm curious which types of investments someone who has been around the block might think are best for me.

To help facilitate this let me provide some background on myself and my current situation.  I am a 25 year old male and have been working as a volunteer for the past 5 years.  Due to that I have very little savings (practically nothing), so I am looking into the various ways of investing with little or no money.   I have no debt however.  My credit situation is an odd one, I just received my first credit card a few weeks ago, somehow I have good credit.  I'm not sure how the acquiring a loan will go as I have not been making an income since I was 19.    I have a fair amount of construction and landscaping experience and am drawn to the idea of forced appreciation.  I will soon be working a paid job and will most likely only be doing real estate investments on the side.  I am very open and interested in the idea of pursuing this full time as soon as my financial situation permits.  My goal in this endeavor is to become financially independent, living off of the cash flow and obviously maximizing it.  

I realize my situation is a rare one and I have some obstacles but I'm determined to find a way through.   Given my circumstances and interests what is a good way to get started in the business?