5/27/2012 10:16:43 PM
RE:What are Your Problems in Real Estate Investing?
Thanks for your reply Janet
Beginning in real estate with a bad credit is difficult for many investors, but with creative financing you can reduce the hurdles
Whenever you start investing you've to note down two important things on paper: Funding Strategy and Exit Strategy, if you step into real estate without a plan, you'll face a lot of problems during decision making.
I've beed reading business and investment books for over 2 years, but after 1 year i felt that the only way this knowledge can be applied is through lots of networking. " IF YOU DONT ASK, THEY WONT TELL", start networking with property mgmt companies, brokers, private lenders, get in touch with the market conditions, areas of growth and paperworks involved.
I would love to help you with the contracts and leasing options, unfortunately since i'm in india i dont have much idea about US real estate laws, but there's a forum just for real estate investors www.biggerpockets.com where you can find many mentors and investor groups, if you haven't joined it yet, kindly join and increase your network!!
I hope this helps, if you've more doubts, appreciate it
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