Updated about 9 years ago on . Most recent reply
New Kid on the Block
Hello!
My name is Daniel Rogers, and I have been waiting to become a real estate investor for the past fifteen years. I was fortunate enough in my youth to have a mentor who helped instill in me the right mindset for entrepreneurship. Although I've owned a business which was successful enough to stay afloat, I didn't invest any of it in real estate! Foolish, I know. Especially knowing what I've known since I was fifteen years old: that real estate is the absolute best investment vehicle out there.
In any case, better late than never! I started my account on BP a year ago after researching some topic and stumbling across the forums. A year ago I was primed and ready to purchase my first buy-and-hold investment property. My plan was to use an FHA loan to purchase a four bedroom house in East Atlanta and rent out three of the rooms, while I lived in the fourth. However, a job change and a cross country move sort of threw a wrench in that plan. I needed to devote all of my time and energy to the move and the new job.
Fast forward a year and I'm ready to get back into action! My financial and educational situations aren't ideal, so that's where I need to start working. In addition to working on my credit, I've decided to get my real estate license. Aside from giving me access to the MLS, I will undoubtedly gain some invaluable insight into the world of real estate. Also on the educational front, I feel it is imperative that I find a mentor in my area. To that end, I plan on joining the local REIA and networking with people there. I want someone who knows that business to put me through the paces. Unfortunately, however, I have nothing up front to offer in return. I have no capital to invest and no deals to offer. If anyone wanted to teach me how to find deals, though, I would gladly go to work in search of them!
Essentially all that I have to offer a potential mentor is my time, hard work, and willingness to do whatever it takes to learn. If anyone can offer some specific, actionable advice that would make me a more valuable intern to an investor (Read this book and you'll be able to analyze the potential of a property, earn that license and you'll be able to inspect houses for your mentor, etc), that would be much appreciated!
In closing, I am excited and motivated. Excited to finally be a part of this community and learn from so many knowledgeable people, and motivated to finally get started on my path to financial freedom!