Here’s the deal… I am broke, I do not have a lot of knowledge and my credit is bad; however, I am willing to work hard. What is the best thing to do in my situation? How can I succeed in this industry?
My Location:
Western PA
Beaver County (approx.40min north west of pittsburgh)
Bird-dogging is a great way to learn the ropes, especially if you plan to become an Investor. You find motivated seller leads for pro Investors, and they will pay you a referral fee if they are able to close. More importantly you can learn a great deal from the real life transactions you will be exposed to. When you provide good usable information that saves Investors time and money, then they won’t mind taking time to help you learn the business. The key is providing useful, qualified leads. You don’t need money or credit and there is no financial risk. It’s win-win. Good luck.
Barry
I agree with rejobber. The best way to get started is to GET STARTED. Bird-dogging is a great start to learn the ropes and earn extra money.
Thanks a lot for the imput ! The more real estate professionals I speak with tell me that this is the best way to start. Do you have any advice or experiences you could share with me on bird-dogging… Looking to find out what has worked for other people.
I posted this on another post. It may help here too.
I just started over again. I am a too time looser in RE investing but know no other business and love it so much that I will always be in real estate. I love to buy and build and fix and it is all just fun. Some hard work too as anything that is worth doing.
I lacked motivation after fining BK in 2002. I knew there were deals a plenty but I too had no money or credit and no job. I was collecting money from rent to live on until the Chapter 7 trustee said I would be arrested by US Marshals if I collected another rent payment. All of a sudden I had no job or money or credit and no prospects and totally depressed. I did have a lot of experience in doing deals and found this web site and started helping others with their RE questions and problems. This helped be become motivated to do more deals and was actually forming a network of friends and lenders and birddogs to do and find deals. One of my previous hard money lenders from years ago contacted me thru the forum and suggested that they would loan me money to do deals and I could even for a corp so that I would not violated the BK rules about incurring debt. I am now off and running again with my first deal fixed up and my second deal almost remodeled. I have a third that I have already closed on that I will start to rehab soon. With a little hard work and some luck you too will be able to do some good deals. I had nothing to loose and everything to gain