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Starting Out
| | Tuesday, December 16, 2003 @ 08:00 AM EST
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Contributed by: eric szczepkowski
eric szczepkowski Properties
Read more archived articles about Foreclosures
We all know that investing can make people very wealthy and successful. People sometimes belive that the whole thing is "too good to be true" or that "you must buy a package to get started" This isn't true.
When I first started out, I was just turing 19, working full time at the Home Depot at 4 a.m. and trying 2 balance school, to get an education and be somewhat successful. I had always wanted to try real estate as a career, but I always though I need money to play with.
I was soon mistaken. I talked to people who were also getting into investing, and they
suggested local REI clubs to check out, so I did just that. I ended up meeting my futuer partner, and he took me under his wing, and showed me the ins and outs of foreclosures and wholesaling. Not only did he do that, but I began to search for properties for him, and we ended up splitting profits, because I was becomming so good at it, and making him wealthy.
I am now turning 20 in January, and I have another partner, now making two, that does the same thing with me. I find the deals, do the leg work, and get paid from the profits. I do anywhere from 1-3 deals a month, and for 20 years old, the money I'm making is almost fairytale.
To make this long story short. Get out there and educate yourself. By telling people that your a newbie and that you want to be taught, the people who can help you and use you the most might pass you up. Tell them you have an idea what your doing, and ask them basic questions that just look like your touching up with them, rather than asking them what to do. An example would be "So where did you usually go for your souces to find properties, I just want to see if we try the same system." I used to use that line ALL the time, and 9 out of 10 times, it worked.
Keep your head up guys. The road to golf 4 times a week and long vacations with your loved ones is JUST around the corner.
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