I have been looking into RE for quite some time now. I’ve been VERY interested in getting started in investing. I’ve read books, ebooks, and things online, and still unsure where to start. I had seen an awsome opportunity a while back. My wife and I were looking into buying a house shortly after my return from Iraq in march of '05. It was a bank owned property selling for 85,000. We looked it up for the property value and it was listed at 500K. We thought…WOW!!! Along with some other words I’ll not repeat. However, it was a home my wife wanted to live in, unlike myself who wanted to get my huge profit from it. Either way, there was a Real Estate agent who was listed as the contact for the property, and we got hold of him. He said wow, and he’d get back to us with an appointment to show the house, and said he’d not noticed it was there. Never heard from him again, and he refused to return our calls. Soo, long story short, we missed that one by a mile.
Anyway, back on track here. I have been talking with my wife for something like 5 years about getting into this business, all the while gathering as much inexpensive and non committal info as possable(why put much money into something you may not do…right?), and all the while, she’s been adamantly against doing any such thing. All the excuses she could muster, we can’t afford it, what if we don’t sell it, we’d be stuck with payments we can’t pay, etc. the list is long. I personally am fairly close to just doing it and not telling her till after I make my first deal (I won’t, I’ll not stay married that way), but still have no clue where to start, and reguardless don’t know what it’s REALLY like to do this type of work. So my question to all of you is, how DO I get started, what is it like in the beginning, is it hard to get going, and how do I present all of it to my wife so she’ll at least allow me to do this, although I’d rather she be with me on it. Thank you for your time.
Pat