All Forum Posts by: Larry O'Connor

So, I've been trying to start out in real estate by saving money but having issues as a result of economy. I'm middle aged and been working but jobs are becoming sparse being in Portland, Oregon which is going through a huge transition. I've been studying Real Estate topics and realize there are many professionals that say you don't have to have your own money and many have gotten into deals without using any of their money using special financing. 

I've talked to a couple real estate agents and they don't seem to be familiar with anything except traditional financing even though they supposedly handle investments. I know I'm not the only one that is entering real estate with bad credit and am planning on doing some sort of a partnership where I do the legwork and work with someone that may have the financial part, at least on my first deal.

I'm trying to get some input from others who are more experienced. I'm increasing my financial and real estate IQ so I can make sure I find good deals. I feel like I'm rambling but would appreciate any input I could get from some of my fellow BiggerPockets forum members.

Thanks,

Larry

  Thanks, I had heard of the concept but didn't know the name of it. Whoever it was, obviously wasn't worried if it was there or not even though it is a pretty nice perk.

Hi, I'm new but reading through just some of the posts here are informative and enlightening. I have been debating on the house being an asset argument and agree with it but hadn't heard how you can have the 500k tax free exclusion so looking forward to learning all I can. 

Hello,

I have been reading and studying the topic of Real Estate and kept being turned away because people keep telling me it's not something I can do for whatever reason. I know this is the way I'm going to build the foundation for a solid financial picture and create the income I need.

I'm looking forward to meeting all kinds of new people, making friends, giving input where I can and being part of a community that helps people achieve their goals and accomplish their goals.

thanks for letting me be part of this awesome community.

Larry