Posted by ken on May 09, 2005 at 20:14:58:
Good for you. You got to start sometime it might as well be now. Foreclosures are a tough place to start. I would suggest start bird dogging for investors.You need to learn the business. Start by getting a job and get a credit card or 2 and learn to use them properly.Start saving money and maybe you can get a rehab to work on and learn how to do the work. That will help a lot in thje future. Where are you located?
REI Advice - Posted by Andrew Olson
Posted by Andrew Olson on May 09, 2005 at 18:43:47:
Hi, I’m 17 years old and in a few months (when I turn 18) I’m going to start
my real estate investing career. I was just doing some research, and was
wondering if someone could answer a few questions I had. First, I was looking
for advice on what area I should start investing in, I was thinking probably
foreclosures and wholesaling at first, to get experience. And also I was
wondering how I get a loan, I obviously won’t have any credit at first, so I’m
assuming I’ll need someone to co-sign with me, and how does this work…
Thanks for your help!
Re: REI Advice - Posted by Tommy T
Posted by Tommy T on May 09, 2005 at 21:53:35:
Andrew, study in the forums, read everything you can get your
hands on. Lots of RE investing books in the library. Learn how to
find good deals and flip them to other investors to start, you don’t
need to get a loan for that. Find your local investors club, go to
meetings. Find a mentor, trade your assistance for the experience
and knowledge you’ll gain. This ain’t rocket science, but you have
to learn the basics. Don’t hang around people that tell you you
can’t do this. Stick to it. Good luck!