Re: OK now what??? - Posted by Jim
Posted by Jim on May 26, 2000 at 01:16:03:
You are at the same place I was a few years ago. Two things you need to get started. Some basic education and a willingness to go find that first deal. Carleton is a good place.
Myself I bought books and read everything about doing RE deals I could find (mostly from used book stores). My first deal was to find a vacant parcal of 5 acres for someone, from a large nearby city(he advertized in our local paper). He wanted to move here and build a house and plant some grapes (for a finders fee of $3,000). With that money I paid some bills and bought my first course (Givens). Took $500 I had left and put it with a Realtor and went after REOs (bank owned property- fixers) to wholesale to rehabers and haven’t looked back!
Since that time I now bought over 50 books, 9 courses (after returning 2) and attended countless seminars on Real Estate Investing (no REIA in my area, either). In my observation, most all the creditable teachers have something to contribute. The more I learn the more I earn! I still read and listen to anything new I can find. You never know when that little light will go off in you mind and you’ve just now added a new angle to your Pre-Foreclosure strategies or a new twist to defaulted paper buying or a better way to find that next seller.
Read through the postings here. Do some searches and see if this might help you with your decision.