TS,
What is your plan? Do you currently have a salary? Do you have any savings or other cash? What do you mean by limited capital? What do you mean by "taking so long? " how long has it been?
The plan:
if for no one else, you need to write down your strategy so you can map your course. The upsides to this are, as you write the plan, you
- can get a feel for what you want out of REI.
- can identify the strategy to get yourself to that point.
- can begin to lay a ground work for a business plan.
- can use this spring board to show investors that you’re serious, and that you have the biz plan to back it up.
Have you researched the laws in your city/town/state for landlording? Have you read various books and the posts here regarding property ownership and investing? What do you want out of REI?
Salary/cash:
are you currently employed? What are you doing to rectify the situation? Where are you looking for incoming cash? Have you asked yourself what you can do to get out of this
Cash part II:
How’s your credit? Have you ordered your reports? Are you good at managing your money and time? Have you analyzed where your money goes? Do you eat out a lot? Are you going to Mickey D’s instead of TS savings and loan?
average big mac combo $5 X 2 meals a day = $10
$10 x 5 days a week -$50… $50 x 4.3 weeks/month = $215.
It adds up.
I’m only posting up to get you to think about these things and how you can help yourself out of your situation. How badly do you want to be successful in REI?
Enough to hold 1 1/2 or 2 jobs? Enough to attend REI meetings and learn? Enough to eat beans and rice, peanut butter and jelly, cold cereal, hot dogs… to save $$?
Enough to shovel walks, cut grass, wash cars, haul trash, skip movies, skip the latest sneaker, jersey, 2 - way, cell phone???
Can you stand the ridicule from your peers to fund raise for your cause, in order to elevate yourself to financial freedom and the REI success you say that you want?
We look forward to hearing from you.
