I want to be a realestate investor. I want to get advice from someone who is an investor about getting started

I'm tire of buying those get rich quick programs ( no money down, options, tax liens, creative realestate methods,buying notes, foreclosures,etc). I want to know from an investors experience what I have to do to be suceessful. Do I need out of pocket cash? good credit? Do I need to open up a corporation or LLC? Tell me everything.I want to be a realestate investor. I want to get advice from someone who is an investor about getting started
You need more just an answer here, but just some basic beginner's steps:





1. Buy as many books as you can (I'll recommend some below) about investing.





2. Avoid expensive real estate seminars costing more than $150. Look for the book alternative instead.





3. Open an LLC to protect your future assets.





4. Make sure your credit score is 650 or more to get some starting capital from loans and banks. Disputing credit reports are free, so don't fall for a credit repair scam.





5. Some must have websites you want to visit:


www.InvestingWithoutLosing.com


Forums.Biggerpockets.comI want to be a realestate investor. I want to get advice from someone who is an investor about getting started
There is no way anyone could tell your everything on Yahoo Answers. It would be as long as multiple books plus field work.





Here is a plan that can be covered in the space allowed.





1. Get to the library and see what is on the bookshelves. Little is really new so even the old books will have some great ideas.





2. Check your credit. Fix any mistakes. Sort out any late bills.





3. Start saving money. Spend less than you make. You can definitely buy without cash but many times the best deals involve cash from somewhere. Even driving around, running ads, answering the phone will take capital. If you are in business expect to fund your business.





4. With a little cash head to the bookstore and look for more books. The larger stores are great. They will have many different titles. You can sit and read for free. Buy the ones that seem really good. The ones that have so many great ideas it makes no sense to keep making notes.





5. Use the web. Check the details below. It is not like RE investing was started yesterday. There is a lot of great info out there.





6. Check the legal site on the link below. LLC and other such things have a place. Mostly later when you have some cash on the line or something to worry about losing. Start early getting things organized but do not spend a bunch of money setting up legal structures when there is nothing to protect. Any legal work done on the cheap is likely to result in a bigger nightmare so think twice about doing your own LLC filings.





Wealth Protection by Bronchick is under $20 and will explain most of what you need. A RE investor who is an attorney wrote it. It is best used as a guide for talking with an attorney so you ask the right question. Bronchick is one of the moderators of the legal forum at the URL below.





7. Attend and consider joining a local RE investment club. Find others who are doing what you want to do. People who are hands on in your area. They are normally very willing to share info as everyone tends to win when people talk about what is going on in the market.





8. Use social networking tools and things like address books to stay in touch with people. Focus on people who are real investors. Learn from others and be willing to share what you know. We all started at the beginning and most still remember what it was like.