Re: Beginner needs advice… - Posted by Mike Oldfield
Posted by Mike Oldfield on April 12, 1999 at 02:16:20:
WATCH IT! Burn out is sneeking up on you. I have been there. Take steps now before it’s too late. I am still coming back from burnout (almost totally recovered) E-mail me off this site (abiding by JP’s editorial policy at U2oldfield@aol.com for details
Now to answer your question.
Don’t buy a course just yet!
Why should you listen.
I started investing at 23 (now 31) I have accumulated 125 rental units, 3 motels, 2 trailer parls and a construction campany all from an original $1400 out of pocket investment for a duplex.
In the business or real estate section of the larger book stores you will almost always find several books on no money down real estate investing, creative real estate finance and so on. This is what you are looking for. Read a few of them two or three times so the methods sink in good. Scrape together $1500 Cash. Then write me back and I will tell you step-by-step exactly what to do. I have gotten several friends started by loaning them several of my creative finance books, and then tutoring them in the field. I love to teach/help others as much as I love real estate. I would not recommend any one particular author because they all have something to offer. I don’t agree with everything they write but we can discuss that at a later time.
One more thing. If you are truly willing to spend some time (few weeks) educating yourself (reading) and you have $1500 cash to work with, and you are willing to at least try what I suggest, I will help you buy your first investment step-by-simple-step. Write me at U2oldfield@aol.com
P.S. Good Luck and don’t forget! Don’t give any more weekends to your customers. Give them to yourself. Take it from a guy who knows. You must take time out for yourself. Otherwise, it’s not your life. You will give it all away to your customers. Real Estate is a good cure.