Digging myself out of a hole

[Ericka Wigfall]

Hello Everyone, 

i'm about 2 minutes old to this group. I was wondering anyone in this forum has started out with on the Real Estate Investor education programs before. This is how I started. (In retrospect this was not my brightest moment but probably my most confident moment.): I charged the huge amount of my they asked for there education on my credit cards and even opened a new one (dumb)  with the cheers that I'd be able to pay it off in the first 3 months. I'm afraid that may not be the case for me while working. It's hard to prioritize, I NEED THIS TO WORK SO I'M WON'T BECOME HOMELESS and I'm not even kidding. Any advice on home to prioritize my time, more specifically, marketing efforts with little to "0" money?  Thanks guys

[Tarl Yarber]

@Ericka Wigfall

I started out very very similarly as you stated in your post.  About 10 years ago I went to a seminar, jacked up my CC debt to buy the program, and knew I did not have the money to pay it back.  I also had no money for marketing at all.

The only effective way to find wholesale deals when you don't have any money to market, is to get over your fears if you have any, and door knock potential motivated sellers. Unlike 10 years ago, the amount of information online was no where near what it is now. So I would go to the county recorders regularly and research the NOD lists and then start knocking on doors. It was very scary for me since I am a default introvert, but it was the only way I could do it with having no money.

Action and activity is the only thing you can control at this point in the game since you chose to jump head first in.  Control you schedule, know your motivation for doing this, research as much as you can on your off time, and start chipping your teeth until you get good at this.  You will not pay that debt off until you start moving forward.

It took me a number or months of stress and hardwork before I was good enough to finally close my first deal.  After that things got a lot easier.  And I paid all those CC's in full (after negotiating them down since I was in collections by then).  And I have never been in bad debt again.

Good luck!