I'm 22 And Looking To Get Into REI, Is This Possible?
I am in what seems like a very odd place for me... I'm 22 and I need to figure out something to "do with my life."
Let me give you some background, so I might better be understood.
I have only some college exp(long story and I'm sure no body cares to hear it), so in all reality I see myself possessing nothing but a college degree. I have very little debt(2k on credit card, and about 10k-ish college debt), but my credit isn't really great. We just relocated, so I am also unemployed. I am very blessed to have a great wife with an amazing job(she "stuck with it" and got a master's in Occupational Therapy), but as a Christian husband I feel like I should contribute equally to our household(and 80k+ a year is hard to match w/o a college degree).
That all being said, I am now looking at finding a buissness I can run, and profit very well from. I love to learn, but college never seems to work for me. I am interested in REI because I love to negotiate, and I am somewhat good at it.
So far I have only scratched the surface, learning what things are (as opposed to learning how to do them). My questions at this time are:
1. Assuming I start an S-corp or C-corp(or some L*C), is it possible to get a small buissness loan to finance a REI buissness?
2. Do I need to have my own money to get started(other than obvious attorney fees to set up corp) full-time?
3. Do I need good credit to start REI full-time?
4. Tomarrow I am going to Russ Whitney's Building Wealth seminar(I know it is a sales pitch), should I buy/would you recommend his course?
5. I am really interested in getting started in pre-forclosure and tax-leins, Is that a good area to start?
6. <insert question I don't know to ask, but pretend I did, ie. any additional info would be amzingly helpful>
Thanks and God Bless,
Austin
Austin- This is America so anything is possible. You do not need your own cash or credit to invest in RE. What you do need is some knowledge. I would start at your local book store and do some research. Try Making Big Money Investing in Foreclosures by Peter Conti and David Finkel. Its good reading. Good luck
Buy John Lockes course from the store on TCI. It is more than worth the $189.
Good luck,
Andrew
WOW... i read some REALLY BAD things about russ whitney, note to all, goto:
http://www.johntreed.com/Reedgururating.html
this guy scares me, but i am going to his "free seminar" for kicks and giggles, thanks for advice/encouragement, please keep it coming!Russ whitney stinks