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Updated over 7 years ago on . Most recent reply

User Stats

6
Posts
3
Votes
Alexandra Holmes
  • Bacliff, TX
3
Votes |
6
Posts

Newbie needs advice!

Alexandra Holmes
  • Bacliff, TX
Posted
Hey BP! I'm 26, non grad degree in business law. I'm currently working on my RE license in Texas, I'm listening to podcasts, reading REI forums and books. My current landlord is in REI herself and I'm scheduled next week to help her out with a rehab. I am in the processes of disputing some things and paying off others on my credit, I know I will NEED it when it comes to Investing. I'm looking for any advice on getting started, maybe there's more I can do to better prepare myself? I've seen many people on here advising young newbies like myself to first start off with house hacking, and I'm putting my focus in that one area. Although, my husband is in the RV sales/repair business and I would love to collaborate with him and do an RV resort to expand his business, I also figure with his client base and marketing it would be "easy" to fill the rental spaces? I would love to pick someone's brain, maybe tell me some of your experiences with house hacking (or anything else) so I can get a better feel of what I would be getting myself (and my husband) into. I am also VERY open in an internship? Maybe shadowing? I WILL WORK FOR FREE. I have a background in accounting, I am also a licensed tax preparer, I can help out a lot office-wise. I can renew my notary license. I know I will not become a "millionaire" over night, and I know that this will be very different than anything I'm used to but this has been a secret passion/interest of mine since young, I am ready to spend two years of my life, learning and selling real estate and fixing my credit and saving my OWN money before I can financially get involved. Thanks guys! Alex

Most Popular Reply

User Stats

114
Posts
112
Votes
Michael Hastings
  • Investor
  • Aurora, CO
112
Votes |
114
Posts
Michael Hastings
  • Investor
  • Aurora, CO
Replied

@Mateusz Prawdzik, great story and you are right about getting start, sometimes you just need to take action and continue to learn as you go.  There are a few take aways from your story which should be very important to @Alexandra Holmes.

1.  You said "only had one person vouch for me and give me some capital to start". This is an important point, as you reinforce that SOME money is needed to get started with REI.

2.  You also said "Can't say i didn't get lucky because I did and I'm grateful for it."  Also an important point, as I think the saying is "luck is nothing more than preparation meeting opportunity".  You were hungry, acted on your ideas, had a person or two help you along the way (maybe more) and got started.

I am new to REI, but certainly not new to hustling and have taken the same path you mentioned above to grow and excel in my career. You story is inspiring and should help anyone reading know that a lot of success in this business (or any business, career or educational endeavor for that matter) has to do with the right amount of perspiration, risk, education and luck!

Thanks again!

  • Michael Hastings
  • Loading replies...