Multi family in Houston

[Blake Teniente]

Hi everyone! My name is Blake and I am relatively new to real estate Investing. I have a wife and a 5 month old son so this has to work out for me. I am currently learning to know what a good deal is and how to fund the deal without my own money. If anyone has any advice on either that would be greatly appreciated. Thank you!

[Cody L.]

Blake, I don't want to throw water on the start of your journey but the whole world is looking for a good deal, even if they have their own money.  So finding a good deal is very hard (and ironcally comes mostly to those that have $ and can close quick and are well connected).

Then finding people to finance your deal when you don't have experience or your own $ in the deal is even harder.

There are a billion threads about this but your best option is to smile and dial.  Hope to get an owner that will sell, then go to someone that's a buyer and get a commission (finders fee) for bringing them the deal.  Or maybe they'll give you an ownership % instead of a fee.

But regardless of how this site targets people (and honestly it's sort of gross.  I bet 95% of people paying for their "plus" membership or whatever it's called never have done a deal), starting in this business isn't easy.  And normally involves a lot of cash, or a lot of risk, or both. 

I've been doing this for 15 years now and I still buy deals where people say "I can't believe you're buying that property due to..."     Then they'll also say "How are you getting such deals?"   I tell them to go back to their first statement.