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Updated over 11 years ago on . Most recent reply

User Stats

222
Posts
35
Votes
Tereal Wilsonn
  • Rental Property Investor
  • Oak Park, MI
35
Votes |
222
Posts

Ready to take action

Tereal Wilsonn
  • Rental Property Investor
  • Oak Park, MI
Posted

Greetings BP

I hope everyone is well and in good spirits, I really want to get stated with more action, however i dont think i can because of my special situation. Im a Trucker, an Over the Road truck driver meaning im not able to be home in detroit as often as i want. My question is , how can i take massive action , im on the road the majority of my time, Please share how can invest with my situation Please

Most Popular Reply

User Stats

168
Posts
78
Votes
Elizabeth S.
  • Real Estate Investor
  • Fort Wayne, IN
78
Votes |
168
Posts
Elizabeth S.
  • Real Estate Investor
  • Fort Wayne, IN
Replied

Massive action is not always "action" per se. It's moving forward towards your goal. It starts with education, then taking those first baby steps to try what it is your going to specialize in. Money is a big part of that. If you wan to do buy & hold (which is the only thing I'm qualified to talk about) your action plan will look something like this:

  1. Get a basic education and realization of the struggles of real estate (you wont get rich off of one property or over night)
  2. Set goals and ask for help in determining what steps to take to get there
  3. figure out your financing options
  4. Determine a niche and purchasing criteria based on looking at a LOT of houses.
  5. Make your first offer & close
  6. Work on it nights and weekends (or whatever you schedule is)
  7. Learn how to screen tenants & be a day to day landlord (which is rarely really day to day job)

Don't worry about learning too much about anything past step 1, then move on to step 2. So right now you don't have to learn how to be a landlord because if you don't get past the first steps that information is just holding you back from action.

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