Investors calling all investors

[Jason Mayhew]

How many investors are in my area? I am so ready to learn and build an empire

[Michael Lee]

Hello and welcome to BP!  I am not in your area but i am from Dallas Texas and I an 60 years old and am quite opinionated and have a few things to tell you. First, it's good that you are hungry but know that in real estate you do not get rich overnight and, unless you are real lucky, it is more long term and your wealth takes a while and you need to display patience and responsibility while you are around it,  Be aware of all the crooks that are on the internet to take advantage of people that are too emotional when it comes to spending your money.

You might be strong but expect failures in real estate and keep on going and make other things keep on going.  You might have to excuse me but I am medically recovering and I found BP about 18 months ago and study for about 10 hours a day and I have learned a lot while I cannot walk.  Your inner ability will pay off if it is strong and most successful people say you don't need money to close on a property.

You just need to be creative with the funding on properties.  Build rapport and relationships with owners and be a problem solver.  Go for a win/win purchase with everybody comes away happy.  Do what is average in the neighberhood when you start.  When Dyou are starting investments you will learn from your mistakes.  Mistakes and fear seem to be normal for investors.  Learn from your mistakes and that any fear should be felt some other positive way.

There are several things you might do before you start investing. One of those things once you have decided on niche and the market area is to form some type of corporation or a LLC. You might want to hire a lawyer and/or a CPA to advise you from their experience. Another thing you probably do is to get a loan lender to give you a loan letter that also states their average time to close that loan and the maximum amount you qualified for. This will tell the owner of your ability to do the loan.

Another thing you ought to do is to locally locate an office that is convenient for you and have few distractions if any,  You can locate your office in your place if you can close it off and not be too distracting.  Since I was 17 I have been in the construction business.  I kept a real estate broker license for about 30 years but never did that full time.  My father has been buying and selling real estate ((mostly commercial stuff) and he has taught me a little bit. 

When I had a brain anuerism and a stroke at age 54 it was totally unexpected even though I was scheduled to fix the brain anuerism two days later.  My wife wanted to keep me alive and that has really paid off except for how long I would take to recover.  I think I could go on but I will not at this time.

Good luck to you!