All Forum Posts by: Gilbert Velez

@Doug McLeod Thank you for the post, I find it very helpful. 

@Elizabeth Colegrove I will listen to the podcast. 

For those beginners that read the posts made by other people, please take into consideration that the info is only useful if you take action. Which is the point of this post. TAKE ACTION. 

I feel that I'm currently ready to move forward, I want to start my real estate investing journey.I have been studying the topic for a month now. I have read lots of posts on BP, I have watched many real estate investing videos, read some books, and I have watched a complete creative real estate investing course video series (free, but very useful). Some may say that I should wait it out until I gain "enough" knowledge to be comfortable when I start, but I'm not going to let anyone stop me from doing what I want to do. I don't care about failing because this is what I want to do. 

The reason for this post is that I want people to share their ideas with me and everyone on BP about how we can physically start in REI. For example, experts in wholesaling explain how to start as a wholesaler by either assigning contracts or doing double closings, rehabbers explain how to start by buying--fixing--selling houses, etc. I understand only so much can be taught through visually learning rather than hands on, but that's the point of the post, for people to explain how to physically start.

I will be able to attend this event. Do we have to RSVP else where to confirm seating?

Thank you for posting your experience with a so called wholesaler. I plan on starting my real estate career with wholesaling, but I'm the type of person that likes to know the ins and outs of something before I do it. This definitely taught me something that is very important, to evaluate property as if I'm buying it myself and to learn how to properly come up with a rehab price that will be accurate and realistic. 

http://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/

@Joseph Ball I will look into the local REIA. Should I take notes on all the information that I find?

@Wayne Igo I am a complete newbie, but I've done a good amount of research on your first question. From what I have read you should set the closing between 7-30 days and find a cash buyer that is willing to buy the contract. 

Hey BiggerPockets family, the title says it all... I don't know where to start. I want to start investing in real estate and making it a part time thing, but the only thing holding me back is the starting point. I have no credit so I cannot qualify for a conventional loan and I don'tknow where to access Hard Money Lenders. Can anyone please give me advice? I am willing to offer 50% of my earnings to whoever is interested in mentoring for as long as I'm being mentored. 

 Can I use a local realtor's real estate contract out of state?