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Updated almost 15 years ago,
I need encouragement
I have been with BP for a couple months now. I am a new investor with several years of education under my belt, but in the process of building my team, laying the foundation, preparing for my first deal, etc. I have been looking into flipping/rehabbing/wholesaling. I am also reviewing the material I studied several months ago in preparation of taking the California exam to get my RE license.
It seems that every answer I get to my questions, and many people that respond to my posts here, and the general consensus for me is that it is very, very tough to succeed in investing in Southern California right now. I think I am on to something, or have found a great lead or contact... only to find out that they can't help me on this road to success as I hoped. Or their answer to something that I thought would be possible is that it is not possible, etc.
I have poor credit and no money. Lenders all want me to have skin in the game, making the no money an obstacle. Same with bad credit. The inexperience is a factor, and so on.
I am to the point that I am going back over my old study material for the exam, because my once-confident stature has been hammered back to reality and I feel like "what am I doing here? I might as well just go sell property instead".. even though that is not what I want.
I just need some positive comments or encouragement that may help me to continue to believe that I have chosen the right path with real estate investing and that someone in my position CAN do it, contrary to what everyone is saying.
Sorry for the long post, but I am desperately needing some help and would greatly appreciate any.
Thank you ~