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Updated over 12 years ago on . Most recent reply

21 year old with 40k...Help with breaking into the RE World
BOTTOM LINE UP FRONT:
-I have the opportunity to take a 40k loan @ a 0.75% rate (payments would start in 2014). Should I take it and pursue my real estate dreams?
-If not, how should I get started?
-If so, where do I start?
-If real estate is so profitable and lucrative like the "How-To" books say, why doesn't everyone do it??
-Is it too wishful to want to get rich from Real Estate?
-I don't think that I want to get into Buying to Rent (landlording seems like too much work/worry). Is this idea bad?
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Like others, I've been reading around this site and many other sources on all things real estate. I find myself often overwhelmed and confused after reading from so many different sources with different strats and ideas, but I continue to do so because Real Estate has always been a love of mine. If my end goal is to make Real Estate my #1 job and to grow an empire, where do I start? It feels like all the advice is geared towards people already in Real Estate...Also, I just finished reading Sean Terry's book on wholeselling. I am skeptical but interested in what he had to say so I was wondering if he is just a person trying to sell his get-rich-quick program or do concepts like that actually work in practice?
I just have SO many questions but I figured that I would start with those above. Any help would be greatly appreciate!
Most Popular Reply

Also, stay away from the get rich infomercials and seminars. Find an expert in the area you want to invest in and get in with them. Read a lot and participate on as many forums as you can. Knowledge is power.
- Robert Adams
- 702-349-9175
