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Updated over 14 years ago on . Most recent reply
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Hello Everyone Newbie Here
I just want to say I am very happy to have found this board. I am residing in the Phoenix, Arizona area and have been here for 4 years.
I dived into real estate about 2.5 years ago and was a victim to lack of knowledge and a bad economy. I purchased properties from wholsalers and tried the fix and flip approach waisting alot of money in the process. As I was in the middle of rehab the market started to decline and I ended up in a jam.
I eventually lost the properties and my money that I put into the properties. I became very discouraged in real estate and thought that I may have been one of those people who just could not "cut the mustard".
I have dreamed about doing real estate since I was a teen but never really had anyone show me the ropes so I learned the hard way.
Not to broadcast my personal business but I am receiving an inheritance next May for a couple hundred grand and I would like to try again in real estate and succeed.
Right now I have 10k I would like to invest with but Im not sure that is enough to get back into real estate now. I would like to train under an investor and offer my hard work and even a fee to learn the ropes of buying and hold, flipping to wholesalers or any buyer, REO, and foreclosure auctions. I dream of the day of having a portfolio of 20 plus properties and getting positive cashflow from them.
I know there is so much inventory in Phoenix and it's surrounding cities and I would like the knowledge to put my inheritance to good use. I only have one shot at financial independence and being a savy investor is all I want to be in this world. I would be satisfied if I can take care of me and daughter by working for myself as an investor now but I see bigger things in the future.
I am ex military and I am accustomed to hard work and dedication but I just need the knowledge, confidence and courage to apply that knowledge.
I hope that I am able to network with like-minded people on BP and investors who have weathered the storm through this economy.
Again I'm glad to be here everyone.