Just starting please advise

[Michael Gavitt]

Hey all,

As the title suggests, I am just starting going all in on real estate investment. Let me give you a little background about how I came here.

I was doing an apprenticeship in appraisal. My father has done it for many years and I was doing it under him. He had to retire early and as a result was not able to finish my apprenticeship. I must of looked for over a year for another appraiser willing to take me on and I could not. That is major problem in that industry. There is a mass exodus of sorts and hardly any new blood coming in as a result.

So fast forward to today and I have just completed Fabian Calvo's course. I understand the potential here is great especially now with all these toxic assets. Now I am basically sitting here reading all these articles from various sites not sure what to do. I know I need deals I can do starting out that are no money down and no credit. I would assume the easiest would be bank foreclosures with a flip? Something like this is needed so I can pay off my student loans that are haunting me, then be able to finally rebuild my credit so I can do things like invest in various rental properties in the future.

In terms of networking there really isn't much here (west virginia) in terms of people, REI clubs etc. There is one about 1 1/2 hour away from here and I talked to the guy for half an hour, he sounded supportive. He mentioned that there were some in my area that did do it but are not anymore. So here I am with an overload of information, its like I have various pieces of the puzzle strung about and I just need to put them together. ANY advice, tips, anything would be greatly appreciated.

[Brandon Sturgill]

As a free resource, the beginner's guide mentioned above is a great place to start. The BP store recently added two books: one on flipping houses, the other on estimating rehab costs. I have read 20 books on RE investing in the last year, and these two are a great balance of the options in RE investing if you want to continue to explore. On a personal note, information overload comes with the territory, but it gets better as you go. Drawing out a basic business model is a good idea.