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Updated about 8 years ago on . Most recent reply

User Stats

17
Posts
1
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Bret Rubash
  • Fort Wayne, IN
1
Votes |
17
Posts

Can I go Zero to Hero???

Bret Rubash
  • Fort Wayne, IN
Posted

Is it possible in Real Estate to go from nothing to being successful in Real Estate Investing? I want to get into this I know for a fact I have the smarts to do this. My problems is I am a single 29 year old with no kids & basically no assets I keep having to sell my assets to keep afloat due to no job, ive had 3 cars paid off that I had to sell ( life been rough lately ) I worked industrial construction & warehousing my whole life. I do not have schooling or a career that pays good I'm stuck making $9-$12 / hour jobs & im sick of living this up and down life style, when i finally get my cars paid off and getting ahead i get knocked down and have to sell them to make it then i lose everything i worked for. I have worked since i was 14 even had full-time job at 14

My question is Is it possible to start doing this from having nothing? or do I need to have Thousands of dollars just to be able to get my first property? I also don't have the best credit either I cosigned with my dad on the house webought cause i had credit score of 780 at 21 years old but the debt to income ruined my credit as well as a car i lost cause i couldn't find work in 2009-2010.  

If I can get into REI starting from nothing how do I do it? I do not know anyone in the industry & have no clue how to find investors to invest in me to make us both money. I am barley scratching the surface starting to study this stuff currently still out of work I relocated to Fort Wayne, IN.

Also is there a way I can look up to see how ethical and reliable people are before doing business with them? I dont want to ruin my reputation by working with some crook that i have no idea is one. Reputation seems to be everything in this industry & I plan to keep mine top notch.

Sorry for the long post & Thank you for your time,

Bret Rubash

Most Popular Reply

User Stats

511
Posts
345
Votes
Christopher Blanco
  • Real Estate Consultant
  • Cleveland, OH
345
Votes |
511
Posts
Christopher Blanco
  • Real Estate Consultant
  • Cleveland, OH
Replied

Sounds to me like you need to get your financial house in order. Can you work two jobs for a year? If you get a part time job and use nothing of that money to live and sock away 10K, by next year you will be in a much better position. While you are at it, save up $500 and get a secured credit card and start building your credit. 

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