Just getting started - Terrified and Overwhelmed

[Wendi Glover]

Hello my name is Wendi and I am from Northwest Louisiana, I recently started my journey building a property investment company.  Very excited, have had a desire for many years just never acted on the dream. So here I am today, I have the ball rolling but now I am becoming intimidated by the process.  I have little to no capital and I am unsure how to approach funding my first buy.  I am being told that because I have a great credit score but no capital I am in good shape to get the financing....Huh? So do I find the property first and then go to a banker or should I secure the funds first and then pursue the property.  Should I seek a line of credit or conventional mortgage. So many questions...What do I do?

[Rich Baer]

@Wendi Glover

The first thing you need to do is to work on yourself. You need to overcome your inner voice telling you that you can't do this. It's hard to do. You must convince yourself you can succeed. Without your inner confidence and determination there is no sense in going down this path. Speak to successful people and listen to videos that inspire you.

Next you need to find the money. Once you have people or Banks standing behind you it will be much easier knowing the price range that you can select from. When you are seeking the money you must be confident and assertive. So many people give off the vibe which says "you don't really want to lend me money" when they speak about themselves to Lenders. Tell them you are going to succeed and they can help you get there.

Once that is taken care of, study the properties in your price range. Learn the areas. Learn what it takes to be successful in that niche. It can be done. It can be done by you. Believe in yourself. No one else will.