How does a Beginner go about figuring out the Best Strategy??

[Wanda Cardenas]

Information overload, like the video says, its becoming a bit overwhelming.

I'm having a hard time trying to decide where I want to start. Just when I think I've got it narrowed down, I'll read another book or blog and I'll want to check that out and get all absorbed by that idea.

I just want to START already, but WHERE!?!

My major problem is that I have no money of my own to invest.
So, I was looking at wholesaling, but then of course I came across info on Sub2, Lease Options, and Fix n Flips are just so sexy to me. HA!

HELP!

[Bill Gulley]

You may not like this, but here it goes.

People need to begin by assessing themselves first, thier circumstances, education/knowledge of RE, thies ability to borrow, thier credit, thies ability to meet and work with people, thier understanding of business in general and the community inwhich you expect to work in.

Do you have money? Not sure what guru said you be an investor or operate in RE with no money, but they really lied, you do and will need money. You don't need $50,000 in your account, but you do need some money, $1,000 makes life much easier. You'll need earnest money in the real world, you need title opinions, you need to pay fees and for assistance, attorneys don't work for nothing.

Income, do you have a job that gives you a disposable income sufficient topay those small costs of getting a deal through? If you are eating beans everyday and have nothing to spare, get a position or work that pays better first, RE is not an immediate income producing activity that can be entered into without a dime in your pocket.

Credit, do you have credit and if so is it acceptable or bad? Can you work in RE with bad credit, yes, but it is more difficult and it will limit your opportunities in many aspects of trying to do business.

Are you good with people, can you approach a college professor and speak to him and gain his trust in what you are saying or do you have difficulties and only work orcommunicate well with just certain people, then do those certain peopleneed a property or own property to sell?

Do you grasp conceptual arrangements well, can you play chess or does a game of checkers give you problems in planning your next move? Are you a problem solver? Do you have difficulty in following certain steps that require analysis which may take you from one line of thinking initially to a different way of obtaining a goal?

What is your level of conventional and formal education, can you work decimals or figure a per centage in your head without much trouble? RE math is not difficult, what can be difficult is to know when to divide instead of multiply or how to set up a simple equation, recognize the proper way to set up the math problem.

Can you sell ideas, concepts or things? Again, the ability to relate to people, face to face, on the phone and in writing is necessary to succeed in this business.

Are you a self motivated person? Can you stay focused in bad times, would you still be motivated to knock on another door if someone slammed a door in your face? Do you have personal confidence in yourself or do you need a kick in the tail to stick with something you don't like doing. (Everything in RE is not always fun)

These are some basic place to start, assessing yourself before you say I'm going to do this or that, you need to know if you're ready to do this or that.

If you feel that you are lacking in any of these areas, it doesn't mean you can't work in RE, it means you have more issues to address while learning RE. Many of these aspects can be overcome, if you don't speak english, take someone with you, just smile alot while they translate.

After you put together a list of your personal assets, strengths and weakness /short commings, then you can better identify how, when and where to get started.

The dart board method is not a good way to start out in RE. You can't just say, I'll dowholesale deals because I'm broker, you certainly can't be doing rehabs or be responsible for some financial obligation for very long without reserves.

So, there is my, where do I start, for those who have been reading anyone can do it and you don't need money, a job or credit to make a million as sold by the gurus!

Let's start there, what can you do, what are you ready to do?

Really, good luck. :)