Re: Getting started - Posted by Brent_IL
Posted by Brent_IL on October 21, 2003 at 24:22:50:
Here are my impressions; they?re worth almost what you pay for them.
1 ? You?re a CRE dilettante. You come to the site and read about others doing deals, and you?ve convinced yourself that creative real estate deals can actually be done, and can be done by those having no cash, no credit, and no assets to use as collateral. However, you don?t believe that you can do the same.
2 - You haven?t put in enough effort to believe that you actually know how to go about doing any of this in a way that will work out the way that you want it to. When you know what you?re doing, and you know that you know what you?re doing, it is very unlikely that one of lesser knowledge can talk you out of doing a deal. Uncertainty makes us waver in our purpose.
3 ? The home business is an excuse, not a prohibition from CRE participation. The solution is simple. You need knowledge and experience. Follow the advice to newbies from Ron Starr, JohnBoy, JT-IN, Jim FL, and half a dozen other solid contributors that you?ve seen posted hundreds of times over the years. It isn?t going to change. You can?t succeed until you start.