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Updated almost 7 years ago,
Input from People who've been there
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