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Updated almost 7 years ago, 01/13/2018

User Stats

14
Posts
4
Votes
Larry O'Connor
  • Sweet Home, OR
4
Votes |
14
Posts

Starting out REI while finances being result of economy

Larry O'Connor
  • Sweet Home, OR
Posted

So, I've been trying to start out in real estate by saving money but having issues as a result of economy. I'm middle aged and been working but jobs are becoming sparse being in Portland, Oregon which is going through a huge transition. I've been studying Real Estate topics and realize there are many professionals that say you don't have to have your own money and many have gotten into deals without using any of their money using special financing. 

I've talked to a couple real estate agents and they don't seem to be familiar with anything except traditional financing even though they supposedly handle investments. I know I'm not the only one that is entering real estate with bad credit and am planning on doing some sort of a partnership where I do the legwork and work with someone that may have the financial part, at least on my first deal.

I'm trying to get some input from others who are more experienced. I'm increasing my financial and real estate IQ so I can make sure I find good deals. I feel like I'm rambling but would appreciate any input I could get from some of my fellow BiggerPockets forum members.

Thanks,

Larry

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