Turn Left,Turn Right Or Stand Still?
I would like to form a corporation and begin investing in real estate. I have done some research on tax sales but I have a respected accuaintance in the business that is very negative about what ever I discuss investing in in real estate. She has multiple properties but is deep in dedt. My plan was to take the $6000.00 I saved and incorporate a business and seek tax sales or owner financing as a creative lending. I am so confused. I am a person that enjoys research so I am gathering information before I implement anything. She has me so confused because she says that incorporationg will not help you get real estate with owner financing with no credit and a chort tme on the job. Any advise would be better than her telling me my problem over and over and not helping me find a solution. 
I know that I dont have alot of money but I am smart a researcher and willing to take the time to learn instead of watching me savings get smaller and smaller. Any advise with a motive to the madness?
Hi there,
I would suggest you to get to know people with money. It is easier to find people with money than to find good deal. Go find a good deal and money will come.
Sam
I am also just getting started. I ended up going the mortgage broker route. I have also been doing a lot of research.
I have gotten a lot of information from this site. I also get a lot of information at my local real estate investment meetings.
When I actually do get some spare cash, I will be buying a course offered by a guru I found from this site.
Why spend the money? The mistakes you can avoid will save you a lot of money and headaches. My guess is that most of the courses cover the same basics. There are different areas of focus. The real differences will be the tricks picked up by the individual investors experience. (I am not sure if this is just personal style or not yet.) One key item I will be looking for in a course is that the course teaches you how to systemitize the process. This is really a business. My personal opinion of why there is no job title called "real estate investor" is that one is really a business owner or investor. (I like Kiyosaki's cashflow quadrant model.)
Also make sure the guru has an excellent reputation. To find one, I might suggest the two ways. 1. This site has an excellent selection. 2. The local rei meeting. The larger and more established meetings have the bigger gurus in the industry. They also have a discounts at the meetings.
I spoke to one of the people who helps these guys get on the speaker's tour. These gurus actually are looked at before being "approved" and then pick up by the larger groups. Their products have to be very good to get on these lists.
That is my 4 months of experience and research.
I hope that helps.
- Charlie