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Updated almost 3 years ago on . Most recent reply
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Looking to kick start my Generational wealth Goals
Hello All, I am looking to kick start the rest of my life in Real estate Investing! I am a 30 year old father of 4 with two added step children from my wife! I Am a local truck driver and most of my money is tied into our house and family!
All my life I wanted to rent out homes and even have drams of owning and building new homes on a scale with DR Horton! My father gave me the idea as I watched him do some what well in the business, but eventually sold all properties and gave up his drive for real estate.
For now I am looking to start out as a rookie! I have been reading multiple books from the bigger pockets community (How to invest in real estate By Josh& Brandon as well as BRRRR By: David) and today I opened my LLC to get the ball rolling! I am looking for advice on how to get my hands in the bucket right away!
I have little savings for now good credit and a home with little equity. More hustle then can be measured and driven by dreams of long term wealth to pass down to all of my children
Most Popular Reply
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Sounds like me when I started. I had hardly no money but had the hustle. So i went and found people who trusted me enough to lend me the money. On my first deal I spent $3000 to get the property under contract then another $3000 of my own in renovations. So all in out of my pocket was $6000. I borrowed $55k from a private money partner and another $10k from a relative. Made $30K on that deal.
Find the people that have what you don't have. Find an agent you can trust who works with investors and will be thinking of you. Find partners or lenders who will work with you within your means. And if you find a great deal - the money will find you. You want to get your hands in the bucket - take action. Consistent action.