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Updated over 12 years ago on . Most recent reply
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New and need some insight
Hello everyone,
I would like some insight from anyone who could help me out; I have always had an intrest in real estate and rehabbing houses and I believe this is what I truley waht to get involved with, real estate. I told myself I would try college first and see how that goes and.. it's not going as planned, I have tried about 4 different majors and I just can't get intrested in it and I keep going back to real estate. I am currently 24 years old and do not have a full-time job; only seasonal and that is coming to an end. I would love to take some sort of classes and seminars and learn more about real estate however I don't have much intrest in becoming a real estate agent. I'm from Long Island N.Y incase anyone knows of any classes I can take or know where I would go to find some.
My parents offered to get me started with a house as they do light real estate and have a sense of what they are doing, they do rentals. My objective is to fix and flip to make a quick profit and build up to buy in cash eventually.
I don't really want my parents money to get started; I would like to get started on my own with my own loans however I believe this may be impossible as I dont have the funds and do not have a full-time job and don't believe the bank will lend to me to buy and fix a house, but I could be wrong. Eventually I do want this to be my full-time job.
What steps should I take?
How should I go about on getting the funds to buy & fix a house?
Thank You very much!