Input from People who've been there

[Larry O'Connor]

I have a question from all those pro's that have started their real estate investing career. I am practicing and practicing with calculations and analyzing properties so I can find that good deal when it comes around. Here is my challenge in beginning. First, I know we will encounter challenges as soon as we start to move in any direction to improve our lives, I am trying to figure this out.

I am starting out in this from a position of having dealt with the earned income area of money making and not being able to get work. I have trained in copywriting but haven't gotten much of any work in the field and when I talked to my real estate agent one of the things he brought up was the scenarios this may cause when I go for loans. He also reminded me that I need to get an LLC or structure to begin my investing career.

The thing I've run into is without being able to get foundational work, a job, or something like that I'm running into expenses I will have before I even get my deal off the ground. My question is, how have other people handled this in their own experiences? I feel like I'm going out of my mind in having to depend on others in employer to possible employee if I get the right combination that causes them to want me to work there. I'm not trying to sound negative but I see so much potential and where I want to be doing the thing I love makes me want to do this so bad. I just know this is a forum of people helping others so I feel like I want to turn to a community of like-minded, focused people. 

Thanks for any input,

Larry

[Rachel H.]

@Larry O'Connor I'd focus on your job situation first. See how much is coming in and going out. Get your personal finances in order. If you still need money to invest, save up. You may need to start out by building cash and finding deals for other investors. Or, you can wait and save up the money to buy. Another option is to take on a partner. Start networking at your local real estate investment club. Meet others who are doing what you want to do. If you can find someone to work with who fits with your personality, you may learn a lot in a short period of time. Good luck!