Knowing What You Know Now.....
This is for all the vets on the board. Although I've only been studying investing for the last 3 weeks, I've done so all day and all night every day of those 3 weeks. I've read nearly 10 books in that span, a few without ever stopping. Yep, nonstop. No sleep. I feel I'm almost ready to start moving forward. Here are the questions to my game show
Knowing what you know now...
1) What one (ok two if necessary) course would you recommend to a newbie with $5K capital or less, doesn't want to use credit or home equity loans, lives in Austin where renting market flat out sucks (but was recently voted one the best new places to live so you know houses will appreciate well), mobile/manufactured homes are pretty popular, and your wife is making sure you don't go "course crazy" (she's great for slapping me in the face with reality)?
2) Sort of a spinoff from question 1, what investing method (maybe 2) would you use given the info from above? What market would you target (foreclosure, probate, etc.)
3) Would you possibly buy and sell (not rent) in other cities and states that are within driving distance?
4) If a mentor you knew about and had a good track record, wanted to split the first 2 deals 50/50 for their guidance, would you have done it?
5) Would have started much sooner than you did after knowing you had enough knowledge to at least flip?
6) Would have held on to more properties?
7) Would have killed for better credit?
Would have not mixed family with business. All you husbands know what I mean...and I'm crazy about my wife. Some things just don't mix however. Not just spouses though, any relatives.
9) Just outsourced a lot of day to day grunt work.
10) Spent more money on advertising
That's the end of our show today, the grand prize is more questions from me
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