Re: 1st time posting - Posted by SueC
Posted by SueC on December 05, 2000 at 07:50:46:
Stacy, in addition to reading everything here, including the articles, get the book 5 Magic Paths To Making A Fortune In Real Estate by James Lumley ($14.95 at just about any Borders or Barnes and Noble). Choose a “path” and concentrate on that just to get started. I would say not to spend a lot of money on the courses just yet (they ARE worth the money but if you’re short on cash…) but maybe put some of that money into advertising that you are looking for properties. Plus, explore the ways to find properties cheaply or at no cost - make a flyer at your local Kinko’s for example, or call the “I Buy Houses” ads and find what they are looking for, get the referral fees.
With the equity you have in your home, you can probably use that as leverage at some point; be sure to read the Financing Forum and the Paper and Notes forum, don’t try to understand all of it, just be open to learning.
The key is to remember that this is NOT get-rich-quick, but get rich slow (as many have said here before). You have the interest, you can get the education, and you can do the legwork - and that’s about 99% of what you need!