Ready to invest in real estate but dont know where to start!!!!!!!

[ASHLEY RICHARDSON]

Hi, My name is Ashley I am new to Real Estate.I looking into wholesaling, rehab, and buy and hold(landlording) apartment complexs.But where do i start? Where do i go? How do i fund it ? How do i get the deal under contract? And What contracts do i use? i understand the concpect but i want to get started and dont know how?!?!?!? i have bought book and so on. I've been wanting to invest in real estate ever since i was 12 years old and now 12 years later im ready to start. but i have a problem bad credit and no money? please help thanks

[Jon Holdman]

Hi ASHLEY RICHARDSON and welcome to BiggerPockets.

No money and bad credit pretty much eliminates everything on your list except wholesaling. I don't really consider that investing. Its a job. Its not a bad place to start, but its a lot tougher than the gurus make it out to be. Another alternative is to look for real estate related work such as working for a property manager or in a real estate agency office.

In your position, I'd do three things.

1) Get a book aimed at first time home buyers. This will explain the process and the procedures used in buying real estate. It will give you a background on how to get a property under contract and what these contracts are.

2) Work on the money and credit piece. If possible, fix whatever if ruining your credit. At the very least, so doing things to damage it. Like paying bills late and maxing out your cards. Spend less than you make, regardless of how much or little you make. Dave Ramsey's "Total Money Makeover" is a good place to start.

3) Think about your goals for real estate. Do you want income right now? To accumulate assets for retirement? Something else?