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Updated about 17 years ago on . Most recent reply

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Kick in the Pants

Posted

I need a kick in the pants. I've salivated in "REI" for about 5 years and I've decided that right now is a good time! My kids are old enough that I can get out of the house for a few hours a week (to which i hope is enough!) and waiting until they start school would just be another excuse. I am sick of waiting for the right time! As my friend said "we are never going to get ahead in az" its to costly to save so I will have to MAKE my money.

That being said I don't know where to start. I would like to observe at least one deal that someone is putting together...see how they deal with contractors, what labor they do themselves...WHERE they buy there materials etc. I KNOW I can do this but I am still scared!

I will HAVE to use hard money lenders for 100% of my costs. At most I have $300 in savings and except for our tax returns there won't be more in the future.

I have a friend who is a RE agent and her husband is a mortgage broker so I do have some good ties although I am not sure HOW to leverage their time and know how without paying a 6% for the sales/buying portion or even IF the MLS is the way to go. I don't have an advertising budget but I know that cold calling ads in the paper and driving around aren't going to maximize my ability to find properties.

So all in all I forsee that FINDING properties is going to be the hardest part and SELLING them is going to be the most nerve wracking...everything in between is doable. :D

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