Image by thinkpanama via FlickrSo where do we begin? Well we decided that the first thing we needed to do was to learn enough about real estate investing to make sure we knew what we were getting into. So we went to a James Smith  Real Estate Investing Seminar, have attended a bunch of webinars by people associated with the Rich Dad brand, Wendy Patton, Jason Hartman, and others. We've read a bunch of books on real estate investing, flipping properties, commercial real estate, residential real estate, lease-options, starting a business, different business entities (C corporations, S corporations, LLCs, Limited Partnerships, etc.), grant writing, asset protection, and personal finances.

And it took about 2 months of a constant, fairly intense learning for us to get to the point where we believe we're ready to start actually getting into the game. We decided to start an LLC for our business and since we don't have any money and less than stellar credit - we're trying to start our real estate investment business by wholesaling some properties, and doing some sandwich lease options in order to build up some cash to do other types of deals - as well as to keep our own risk to a minimum.

How? We'll tell you in the next post!