Ideas/suggestions for newbie investors? - Posted by Brandon Treat
Posted by Brandon Treat on November 10, 2000 at 17:49:22:
Hello my name is Brandon, I’ve been reading and doing a post now and again for several months, I’m a typical newbie who is constantly looking for opportunities but has not been fortunate enough (hardworking enough?) to get into my first deal, what I’m wondering is does anyone have any idea’s for new investors to get their start or make seed money to get going?
A week or so ago Sir Bill Gatten posted a technique by which you find properties with 2nd or 3rd loans on them held by out of state lenders, use an option to purchase them at a discount, and then help to refinance the original property. The result of which a nice return on your time, but I’ve been trying to apply this and have had alot of trouble in my area.
Does anyone else have any similar ideas or suggestions for newbies such as myself (and the countless others out there as made obvious by this wonderful forum) that might help one finally get their start in this noble career path?
Thank you all for your time,
KRONO (from IL(very near st.louis MO))