Hopefully Russ H doesn't mind me stealing his idea. I just got done reading the 3000 to 1 million thread posted a few years back. I noticed allot of the guys had ideas on how to do it with real estate which I have always had an interest in. I've never had the money or cahonies to get into it. It's time I break out of my shell, and get over this fear of being not taken serious because I'm young. If I can learn enough than I can use my father as front man for the first few deals till I get more comfortable. He would be more than happy to help me out.
Currently I have very limited cash. I have a couple grand in a futures account that I would like to keep there but if worst comes to worst I can close the account and use that. (For all the people that said "trade stocks/commodities" in the old thread probably havn't day traded a day in there life.) Trading is extremely hard, but thats a different thread entirely. My ultimate goal is to own a ton of section 8 houses, but thats going to take some cash to do it. I live in Atlantic County of NJ and there is no shortage of people needing section 8.
So, if you could how would you turn 1500 into a million with real estate how would you do it?
Guidelines:
22 years old
1500 dollars
LITTLE TO NO real estate experience
Unlimited time
Good learning resources (I have a few torrent sites where I can learn a ton on RE)
Doesn't know anyone.
The main point of the thread is to get some kind of direction. I don't have anyone I can talk to about it or learn from, but like I said I have unlimited time, and some good resources. There are just so many directions I'm not sure where to start. Birddoggin, wholesaling, REO? I don't really have a clue. Also if you would like to add how you got started that would be great. Thanks!
Currently I have very limited cash. I have a couple grand in a futures account that I would like to keep there but if worst comes to worst I can close the account and use that. (For all the people that said "trade stocks/commodities" in the old thread probably havn't day traded a day in there life.) Trading is extremely hard, but thats a different thread entirely. My ultimate goal is to own a ton of section 8 houses, but thats going to take some cash to do it. I live in Atlantic County of NJ and there is no shortage of people needing section 8.
So, if you could how would you turn 1500 into a million with real estate how would you do it?
Guidelines:
22 years old
1500 dollars
LITTLE TO NO real estate experience
Unlimited time
Good learning resources (I have a few torrent sites where I can learn a ton on RE)
Doesn't know anyone.
The main point of the thread is to get some kind of direction. I don't have anyone I can talk to about it or learn from, but like I said I have unlimited time, and some good resources. There are just so many directions I'm not sure where to start. Birddoggin, wholesaling, REO? I don't really have a clue. Also if you would like to add how you got started that would be great. Thanks!
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