I live in Sonoma County, California - one of the most desired U.S. locations to live. About five years ago, I had $25,000 in my savings account, a long-term steady job that paid a decent middle-class wage, and excellent credit. I thought that was enough to buy a house, but no - it was not. Even if I put all of my money toward a down payment (which I was not comfortable doing, because then I'd be broke with no emergency funds), I still could not afford a house in the market at that time. At that time, condos were going for at least $300K, and houses for no less than $450K in the older neighborhoods! The good homes were at least $600K. It was a crazy high market! And despite my $25K, steady job, and excellent credit score - I could only qualify for a loan of $200K (not even enough to buy a run-down condo). So instead of a home, I "invested" my $25K in a college education, for a Bachelor's Degree in Organizational Behavior, to aid in my career advancement in Human Resources. Well, that did me no good apparently because I currently do not have a job...nor a car, a house, and definitely not $25K back in my bank account. I am practically broke, and am struggling to find employment that suits my needs (full-time, $20+/hr, medical benefits, close to home).
Anyway, so with no job, no money, and all the time in the world right now... NOW seems like the right time to become a REI using Dean's books and the help of others who are doing the same. Dean says I can do this with no money, and that is what I am counting on.
I am here, and ready to become a REI! So please, please help me if you have any advice, tips, or contacts in my area. Especially if you are a REI in my area, or even just in California, I would LOVE to hear your words of advice!
P.S. While I know I need to at least get a foot in the door with a few closed deals first (so I can earn some money to expand my efforts), I would love to be able to "green" my properties in the future. I care about the future of the world. But also, I know that saving money on utilities and breathing clean air is important to people, so greening some homes could mean a lot to renters and buyers as well.
Well, there's my initial thoughts. Hopefully I'll get those books soon. In the meantime, I welcome all advice to get me started! Thanks!
I am new to this, and appreciate any advice and assistance! My goal is to own a home of my own, a few rental properties for monthly income, and to fix-up and re-sell as many properties as possible. If I can "green" these properties, that's even better! Thank you.