NEW TO BIGGER POCKETS AND INVESTING WITH NO MONEY!! PLZ HELP

[Guy Rigby]

Hello everyone, my name is Guy Rigby, and I am wanting to get into real estate investing but don't really know where to start. I do know I want to start in a multifamily investing. the problem I am having is trying to understand how to get there. I do not have any money saved and my credit is not good at all. The only good thing is I will have all my debt paid off next week except for my car, so that is a plus. Besides that, that is where I stand for now and just looking for anything, any help, any advice, just anything to start helping me get in the direction I'm looking for. 

The other Info about me might hello as well. I am currently 30 years old with a wife and two kids. I worked in the oil field and put my wife through nursing school, and she is now a nurse and I recently quit the oil field and now going back to school. I do mow lawns for now while I am going to school and the reason for that is because I make more than I would if i worked full time making 15 an hour elsewhere. I am going to school for business, but as of right now I don't know what to major in, all I do know is I want to be involved with real estate in some way or another. 

[Tyler Fontaine]

Ok, love the vulnerability. It takes courage to ask for help.

1. Understand and accept the fact now that this is a process that is going to take time. You will need to save money, fix the credit, and get better skills to do it.

2. Call a local mortgage lender. Ask them what you have to do to get a pre-approval. Any good mortgage broker will guide you through this process. They should be explaining how the process works, interest rates, and should be asking what monthly payment you're comfortable with. You may not qualify immediately. Have them tell you what you need to do to get approved. Can your wife be on the loan or get her own?

3. Go to CreditNerds.com. They do free credit repair. You'll have to jump on a couple 10-15 min calls prior to going through the process but they will assist you in getting your credit up.

4. Use bigger pockets, youtube, and books as your resources right now. No netflix. No gaming. No bar nights. Less leisure time out. Go into study mode. Become a student. Go to your local real estate meet up and start going to real estate networking events. Meet people and tell them what you are trying to do.  You can get into RE investing with little or no money but you will have to have something else. A skill, a network of people to help, a deal to partner on, etc.

5. My sister is 21. She was at Mass Art majoring in visual design. Her passion and main hobby is content creation, marketing, using social media as a tool, and so on

So she was given the opportunity to change to Johnson and Whales and major in media/content field. At the very same time, a person from her network within the content creation, marketing, social media world offered her an internship that very summer at a media company. Then shortly after offered her a full time position. 

Now her choice became to pay $60,000 a year to learn in a classroom about media/content... or to go and get paid $60,000 a year to gain the real world experience in that field to learn and grow.

It may be worth considering if you should go to business school or if you should just get into business. Could be alone, could be with partners, could be working for someone who has the lifestyle that you want.