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Updated over 8 years ago,
Newbie from Troy, NY.. Hello! What would you do next?
Hi! My name is Ed Littell, I'm 27 years old and currently live in Troy, NY. I have absolutely no experience in either investing or real estate. I'm interested in REI not just for the potential of financial independence, but also because I am truly fascinated in Real Estate, particularly in the idea of transforming a house from sub-par to a desirable place to live.
As of this moment I am a package driver for UPS, and I'm not overly thrilled with my job. I have several years experience in sales in telecommunications and life insurance. Before that I did commercial electrical and I have a range of experience in basic home construction.
I have read the "Ultimate Beginner's Guide to REI," which was a great read, and am currently reading "Real Estate Investing for Dummies." I've also caroused through various forum threads and have found a lot of great information. As far as my financial situation, I have only small amount saved and I unfortunately did a number to my credit in my formative years (though I am working with a financial advisor on that now).
Really I'm not sure where I should go next, I know I need to continue my education before I can really get going but I also know that at some point I haver to begin to take action. I am considering maybe taking some real estate courses? One thing for sure I would like to learn to how estimate repairs. There's also a craigslist ad going around about joining an REI team, of course they're boasting 10k a mo. potential which concerns me as possibly being a scam, but if I could learn a thing or two from it and possibly network in the process maybe it would be worth looking at?
Anyway I don't want to ramble or take up anymore of your time and thank you for reading thus far! Any tips, suggestions, links for a local REIC or any other help would be greatly, greatly appreciated. I'm eager and ambitious to take the next step and make this my life.
~Ed Littell