Posted by Jane on July 26, 2003 at 10:11:50:
It takes some learning and studying to understand real estate–I think that being in the legal environment is an advantage. You might be able to get a partner, maybe a mother also, but one who’s got some cash & decent credit, and wants to get ahead, who likes the idea of investing with a partner. Jeanne, first get more familiar with how to do real estate deals, thru the website. Thru prayer, you may be inspired to buy a book with specific investing info, or take a course, etc. There are real estate investing clubs everywhere. You can attend meetings and just LISTEN. A club might be a place to find a partner–after you have studied techniques for a while & have ideas of what might work. Learning your area, neighborhoods, housing trends, etc., is important. What do homes sell for, rent for? Understand cash flow. If you can rent out a home for $800 mo., then you need to buy it for less than $650 a month to have a safe, profitable cash flow & cover maintainance expenses. Don’t give up, but commit yourself to study these techniques. Girl–you can do it! Jane.