@Sharon Tippett
Let's not be naive.
Basic economics, look up factors of production, land, labor, capital and entrepreneurship. For any transaction 3 or the 4 must be present, but land is always present and you may substitute 2 of the other 3.
In other words, you will have land, transactions take place on earth, not in space. Land is always utilized one way or another to support any transaction. In RE, it's the subject of the transaction.
If there is a shortage of any of those functions, then more of other aspects must be employed.
I have no cash, so it takes more labor and entrepreneurship or management, substitute any of those to arrive at a successful conclusion.
Credit is not a necessary function, but it sure helps in real estate and finance.
Land is always present, you conduct your business someplace and in RE, it's the subject of the deal.
You will need to provide labor and management if you have no capital.
We can assume you know how to work.
That leaves management, that requires an education! The more you know the more management you can add.
You do not get a proper education from any guru, none, nor do you by following some hustler or fast talking wheeler dealer off the internet.
BP is marketed as an education site for real estate investors, that's marketing (what I call the art of deceit), what it is is a social site, designed to generate activity that is the basis for any internet business. Money is made by dues, advertising and the sale of materials which do not teach management or real estate in a conventional manner for business.
Being young and new to the world of business you have another hill to climb.
Business!
Everyone on BP has been a consumer, they believe that teaches them how to conduct business.....couldn't be more wrong, that experience is one sided as a consumer, or perhaps from an employee position, that is woefully lacking a business knowledge.
Being motivated and excited doesn't take the place of a proper education, never has and never will.
The internet and real estate are full of sizzle salesmen, selling the sizzle without any or very much meat., Newbies mistake this as learning real estate, you're not, you're learning how to be a hustler.
Ron La Grinch does not teach real estate or business, he shows sizzle and how to hustle a deal, it's not even business in this industry.
Now, in general, lets take the average youthful person. Intelligence has nothing to do with being naive, that goes to wisdom, that goes to maturity and experience, no youthful person has these under their belt yet. What eagerness breeds is misjudgment and the lack of due diligence. We can also toss in lazy, but that's not totally correct, it's about attitude of wanting things now without putting forth the needed effort to benefit as many believe they are entitled to.
So, a slap of reality, you're not ready to be "in business". But, you also have to try and fail to learn. Success is a long line of failures. An education keeps you from failing as much and it allows you to enter the business realm with less liability, keeps you in a position to manage your affairs and do so legally.
You may have seen me say that real property is not personal property and we do not deal with it in the same way, it is not managed alike. You never learned the difference being a consumer of personal property, no one does.
As mentioned, land is a basic function of economic transactions, not cars, or bananas or shoes. Land transactions are highly regulated and for good reason, if land ownership were not possible in our economy your world would be much different.
We have the gurus, con artists, wheeler dealers and hustlers who totally ignore ethics, laws, regulations and good business practices (unknowingly and intentionally) for money, that is your money. Your only real defense in any business from getting scammed is an education and experience. You'll have to begin with an education.
The road to hell is paved with good intentions, wanting to be right isn't always the right thing.
Lastly, hearing "how to" from someone with experience can be dangerous to your future. We have many old hands at real estate pitching outdated dealing, they never stayed current. The other issue is those who only learn by experience usually didn't really learn the right way or the ethical and legal way, they made (or took) money and didn't get slammed in jail (they don't tell you of their past troubles either). So, it's not just experience you need to consider but listening to but who's experience is it! Understand who you're listening to!
I've done many deals without using my money, my credit was never an issue in most of my dealings.
What can be critical is the perception of others thinking you have good credit, that really is based on your ethical behavior, how you present yourself professionally......again, education is the foundation here. Your integrity is more important than credit!
If you do deals that skirt laws and regulations, you're not really ethical, that type of person usually has bad credit, they resort to under handed tactics because they are desperate, don't be desperate. Don't let motivation and eagerness turn into desperation.
Just like any other industry, a core education is necessary to ensure success, an education doesn't guarantee success, but neither does being naive or under handed, a good education is your best path.
Good luck :)
