The foreclosure game is a tough one so far. I have met tons of people and everyone seems to have their own idea of what’s the best way to get started in the business. I have been faced with the Laws of REI, and people’s negative view of what is good and bad about investing, but as an optimist… I would like to hear someone successful reply to this and maybe share your views of what is a good start?
I have a few things in mind but I just need that little push in the right direction you know.
The investing “game” is tough but it will be easier if you choose the right nitche and don’t be afraid to ask for help from fellow investors because it is a team effort because there is more than enough deals to go around and everyone is not looking for the same type of deal.
Tony’s right. You have to start out looking at a few specific area’s and techniques of investing. Overwhelm can kick in if you try to absorb or comprehend “it all”. Tony’s also right on when he said you have to learn and ask fellow investors for help. If you have any local investors meetings, by all means attend them. I’ve only been doing this for a few years and still have some things to learn but I’ve found that the meetings I attend here in the metro Detroit area 2 or 3 times a month are invaluable. A great opportunity to network, ask questions, and find deals.
Lastly- You have to have a big enough WHY. Why do you want to do it? If you don’t have a big enough why, forget it. You’ll be like me and waste 15 years THINKING ABOUT DOING IT.
As my real estate mentor Robert Shemin says- “How has fear and doubt ever served you”.
Good Luck and happy investing!!