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Updated over 8 years ago,

User Stats

7
Posts
1
Votes
Sharif Mensah
  • Las Vegas, NV
1
Votes |
7
Posts

Wanting to take the first step into investing.

Sharif Mensah
  • Las Vegas, NV
Posted

Hello everyone I'm new to BP, I found this site by trying to do some research on a 'Guru' I had just been watching a Youtube video when I saw Josh Altman giving a speech about attending a free webinar where it could change my life I did attend but I wasn't sold on his program. Okay so I know if it seems too good to be true it more than likely is. 

Though I do believe attending his webinar started to push me in the right direction, I had only planned on getting into rental properties after I found the right job to help me buy my second house and turn my first property into a rental property until I gain a significant value to sell it. Now I did wind up getting a program for 300 dollars from Cody Sperber. I know from reading most of the comments on here about gurus this will be frowned upon, but I decided I will give it a try for 30 days and return it if it's not beneficial.

One thing is bugging me the most is people saying all the time that you do not need money nor credit to get into wholesaling properties. Of course it is appealing to me because at the moment I don't have money to fund a deal nor is my credit as good as it should be to find another property more than likely. One thing I can't wrap my head around is, can you actually start wholesaling with out having an LLC, people to work with such as an attorney, accountant, real-estate agent etc? I mean there has to be some start up costs for setting all of this up I would assume and I would like to see if there is a realistic amount of money I need to put together to at least getting a business started. I have thought about asking relatives that might be okay with partnering up with me for funding. I'm also looking into trying to join my local REA, and trying to look for ways to find a mentor. So can you really start wholesaling with someone else's money like they say?

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