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Updated over 3 years ago on . Most recent reply

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Daniel Greenwood
  • New to Real Estate
  • Honolulu, HI
4
Votes |
5
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I want to get into Rental Property investing!

Daniel Greenwood
  • New to Real Estate
  • Honolulu, HI
Posted

I am new to the game. I've been learning more and more non-stop all I can. I am serving in the military but I am still flat broke and I want to improve our situation for my family and I. I want something more for us than what we have now. When I was 18 I stupidly destroyed my credit with credit cards that are now charged off and closed. I didn't really understand how interest worked back then and racked up 19k worth of credit debt. I am slowly rebuilding my credit trying to turn my financial situation around. I can't get any loans or decent interest rates because of it but I am working on settling it now because I am tired of my current situation while the debt is just sitting there ruining my life with me doing nothing about it.

Anyways I paid to file an LLC here in Hawaii and I wanna use it to start a rental property investing business. I've got absolutely zero capital what can I do. Can I get properties with just my business alone? Does anyone have any advice as to what the best course of action would be once my LLC is registered so I can hit the ground running ASAP?

How can I find real estate investing meet ups?

Most Popular Reply

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1,242
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Doug Spence
  • Investor
  • San Diego, CA
975
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1,242
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Doug Spence
  • Investor
  • San Diego, CA
Replied

@Daniel Greenwood Welcome to bigger pockets! I recommend focusing on building a solid personal finance foundation before you get started in real estate. Dave Ramsey is a great resource for getting out of debt. While you're rebuilding your credit, paying down debt, and building cash reserves, you should start building your real estate knowledge via podcasts, books, and networking (both in person and virtually, like the BP forums). By the time you have strong personal finances, you'll have the knowledge you need to start investing. 

Best of luck and keep us updated on your journey!

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