Posted by Craig on August 20, 2005 at 07:12:37:
There are several things I am always saying - part of a deal is better than no deal at all, and never let a lack of knowledge, money, or anything else keep you from getting into the middle of real estate deals.
There is very little you need to do to actually start making money very quickly as a real estate investor. Most of the courses I have been through, even those for very new investors, do not focus just on those few things you need to do to get yourself into the middle of a deal in the next few weeks. I could be good that you are hooking yourself up with someone that is already doing it - that can be a key to success(see rule 1 above). Just make sure your initial focus is on finding great opportunities(rather than getting bogged down in how to negotiate, completing contracts, lining up funding, etc.). Once you find an opportunity, there is always someone that will know what to do with it - therefore you can make money.
Also, do not be lured into using ANY of your little bit of savings in order to launch your business(other than just little bits to enhance your marketing). It is better just to pretend you do not have any money until the deal flow and income from your deals supports your business.
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