how do I get into real estate form scrach ???

Question

I've been wanting to invest in real estste for a while but i really
was'nt taught about credit when i was younger. my dad had really good credit he had itleast anywhere from 600- 720
score. but nobody said anything to me, so it got bad i've got itleast 2 repo's and some other things too. So how do i go about geting into Real Estate if i dont have any money no credit and a low income job ??? where do i start and how do i go about it ???? plz someone help me !!!!! lol

Answer 1

If you have 2 repos and crap credit, forget about real estate for now. You need to clean up your credit history first or you will be paying out the wazoo for interest rates.

Answer 2

First problem is you. Why would someone have to teach you to pay your bills? When you get a loan you know you have to pay for it. The problem lies with you, you don't do what you say you are going to do. When you make a promise to pay (thats what a contract is) and you don't do it, what do you think is going to happen Repo's, Repo's. If you keep going the way you are, you will keep living with no money, no credit and a low income jobs. Go to school!!!! Clean up your credit!!!!!! Credit and good jobs are for people who work hard at their credit and jobs. I still can't believe you blame your credit on you parents because they didn't tell you, you have to pay your bills. Give me a break.

Answer 3

If you're really interested real easte, look up Robert Kiyosaki, he has several great courses. See if there is a Cash Flows club in your area. Interacting with a club like that will get you in touch with other intered and engaging in the Real Estate market in your area. Now if you're interested in other business options that leverage your time and money, that you can get started with a low income job, I'd be happy to help. I'm a CPA, and have been operating my own business on shoestring budget since 2003, with great results. I love helping people who are interested in business get the information to run there own business if that is what there passion is. Best of luck to you.

Answer 4

Bank type lenders are not going to touch you with a 10-foot pole, especially now that people exactly like you are causing an avalanche of foreclosures. Don't even ask!

Your only chance of buying a home right now is to find a seller willing to provide financing - and the good news is, since so many people are desperate to sell their house, you very well could find someone willing to take a chance on you. So with this current buyer's market, your chance of finding a seller willing to accept payments is better than ever. Start looking through the newspaper ads! There is always someone willing to give seller-provided financing. They will probably think twice after seeing your credit-score, but if you present a convincing case, they may accept you - again, there are lots of people desperate to unload their house.

Answer 5

Looks like you have to start from the very beginning - say school first. Graduate at least high school first. Then you can get your AA degree. Then your 4 year degree. Then real estate license. I don't think they allowed people without degree (new law) to get a license to sell houses these days.
Not too sure if its already in the law - but i heard that, that will be the qualification starting this year.

Answer 6

study for your real estate license. there are a lot of scams out there and some will put you in jail. go the straight route and don't believe the infomercials. also meet as many people in the biz as you can, in a lot of cases its truly not what you know, but who you know. start thinking of a really catchy name you can use to stick it in their minds. ALWAYS dress nice.

Answer 7

you may want to be a real estate birddog to aquire money while you learn real estate investing. you can learn about real estate birddogging at http://real-estate-investor-birddog.com