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Updated almost 9 years ago,
Planning to Start and have no experience
Hello,
My name is LaShonda. I am 22 years old and I live in Benton, Ar. I have always watched home flipping shows on HGTV and found it very interesting , and recently after praying to God to lead me to a prosperous future , I have realized that real estate investing may be the answer to my prayers! I'm very young of course, but I have a one year old daughter that I want to start a legacy for. I want her to see me as a role model and an example of creating wealth to take care of our loved ones and others. I am going to be very honest because I want the best feedback for what I should do in a situation like mine. Who knows , it may help someone else out in a situation similar to mine. I've made some rather spontaneous decisions as a young adult. I was not so responsible. I didn't realize that the decisions I was making would affect the hardship I will go through later in life. This is why I want to raise my daughter to know to make better decisions with her money. So basically at this young age I am having to file Chapter 7 for all of my debts. I don't consider this to be such a bad thing because it will give me a new start and honestly there's no way I could pay back the debt that I owe at this time. What I need to know is to start off in real estate investing preferably rehabbing and rental properties where do I start from here? I attended a one-day free class offered by Fortune builders I got some pretty good information and I also see that it takes lots of money to start in this business like any other but I want to believe that it is doable for me which is what I left that meeting believing. I also have dreams of moving out of Arkansas and traveling since I am so young and this may be a great reason to do so. If anybody has been in a situation like mine or knows what I should do to start my investments will you please help me out!? Also I'm not so familiar with some of the terms and real estate so offer as much information for a fresh beginner as you would like. Thank you and I look forward to hearing some great advice for me to start achieving my dream.
-LaShonda