Not Sure Where To Start

The first thing that you need to do is to analyze your current financial situation. Do you have funds currently available to you to invest with? Do you have good credit? Do you have a financial partner that would be interested in working with you? If you are wanting where to start out, it will ultimately start with you. What can you do personally.

If you find that you have bad credit and no money - that is O.K. You can make money controlling real estate! I'm glad to see that you are willing to try this. Believe me, this can be done in small towns!

Dear Chris,

The first thing aside from analyzing your assets, debits, and credit, you need to start putting together your team. No one who has succeeded in real estate has done it by themselves, they had real estate agents, brokers, and lawyers; professionals to aid them in their trip to being a millionaire real estate investor. This is essential because it is your foundation from which your success springs. This is where I am at today, making calls to set up my team. My start is with property managers and home insurance agents to begin, then I'll start contacting real estate agents. This might be slow but it is worth doing if you want to be successful in your career as a real estate investor. You should also read the forums, and become very active in the DG Community. Don't forget that not question is stupid or lame, everyone is here to help you become a success.

Bill G

Another Step you don't want to leave out is deciding what process you want to use to start building our future. Will it be bird-dogging, wholesaling, flipping, lease option etc. Now don't get me wrong you can wrap alot of these together and there is also several more but you have to have a starting point so that you can focus and learn all aspects of one process then move on to the next one. This is where I am at right now, I have 3/4 of my team together so now it is getting strong in the process.

I have my financial situation figured out and some funds are available if needed, my credit is great, and i'm unsure wheter to use a partner but I have a few possibilites lined up. The fear of failing isn't an issue, my fear is not finding the right people to build my team with and grow. Also, where I'm stuck is weighing out my options on what kind of financing to use, especialy starting out. I am very intrigued by the ideas of birddogging, lease options, flipping, and of course holding properties long term. There are so many options in the area where I live it can get overwhelming and not a lot of properties are moving like I once thought they would. I truly appreciate everyone's support and inspiration and with that it'll help me step up to the next level.

If you have good credit and some funds available to work with that alone will open up other options to you. Instead of only being able to do no money down transactions you will be able to buy and hold properties, and buy fix and sell properties. Having a partner is an excellent option to have. It minimizes your risk when you are initially starting out. For the most part that is when most mistakes are made! Some people though, can't get over the fact that they have to share the profits after the deal has been completed.

Aerospace man does bring up a great point about team building. It does take a while to build a great team. It is a process. Most relationships are built over time and generally come in the from of a referal from someone you trust. You have an excellent support system here. We are here to help you every step of the way!