All Forum Posts by: Alana Donson

I am a realtor and my soul purpose of acquiring a real estate license was to become an investor in multifamily/apartment buildings. However life happened and my credit burned up and now I have a five month old. In life you either need the credit or the money. Of course I know about creative financing but that means you have to know people in high places and since I'm new to real estate I don't. So yes, I'm stuck.

Has the bold/underlined worked in your favor so far? I ask because I am in the process of getting my license to leverage my investment business

Like ME said its not the end all be all but definitely a bonus in my opinion. I personally haven't had any deals yet and am still getting out there and building my network. Go ahead and invest in yourself and get your license. You wont regret it!

0 Votes

Originally posted by @Michael Ealy:

Originally posted by @Effram Barrett:

Originally posted by @Alana Donson:

Has the bold/underlined worked in your favor so far? I ask because I am in the process of getting my license to leverage my investment business

Effram,

Being licensed helped me specially in the beginning. But is it absolutely necessary - no. You can start an apartment investing business even without it.

And with regard to what Alana posted - I disagree that you need to know people in high places to do creative financing. There are many forms of creative financing - one of which is structuring a deal with the seller so he/she allows you to buy the property with as little cash as possible. Anyone - even a newbie investor can do that. How do I know? I was a newbie once before too and if you read my story - that's how I actually purchased my VERY FIRST DEAL.

I read your story after the fact...my apologies. However, you did have something to offer. A trade...a skill that was very beneficial in your journey which was the construction factor. If I went looking for inexpensive deals that could be flipped like yourself I'd have to find a contractor to do the work. A dependable one at that. Your story was very inspiring and definitely a pick me up. With that being said I guess I need to get out here and meet some people and network. You said you have to be uncomfortable and I'm an introvert so there you have it lol wish me luck!

0 Votes

I am a realtor and my soul purpose of acquiring a real estate license was to become an investor in multifamily/apartment buildings. However life happened and my credit burned up and now I have a five month old. In life you either need the credit or the money. Of course I know about creative financing but that means you have to know people in high places and since I'm new to real estate I don't. So yes, I'm stuck.

1 Vote

All Forum Posts by: Alana Donson

Alana Donson has started 0 posts and replied 3 times.

Post: What's Your Main Obstacle in Buying an Apartment Building?

Post: What's Your Main Obstacle in Buying an Apartment Building?

Post: What's Your Main Obstacle in Buying an Apartment Building?