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Updated over 9 years ago,
So, how do I really get my foot in the door?
Hello
I am a young professional, looking to invest in my first property. My only problem is that I do not have the capital to do so, and cash is king! I'm a very hard worker, always hands on. Being driven to succeed is my zeal! My main goal is become a real estate developer. HOWEVER, as a 21 year old young lady, I'm pretty unknowing to many aspects of the business. So, Here are my questions:
How did successful investors begin, trial and error? I'm thinking about going that route, and doing it myself, but why have the headache if someone is willing to help me? Who can guide me in the right direction? If I do happen to venture off on my own, what are a few effective ways to finance a property without cash? I have found a motivated seller, and I want this property. Should I bring my friend, who is a real estate attorney, to pitch owner financing? Should I propose a master lease? Should I find a partner/mentor before doing anything? What kind of collateral is the best, without owning a home currently? I am in need of some assistance, and am not afraid to ask. I'd love to hear some responses about how to find prospective mentors. I appreciate your comments, in advance!I
Thank You,
AJ