Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

33
Posts
6
Votes

Where do I start? Make an offer or find the money first?

Brandon Collins
Posted

I'm new to all of this and do not know where to start. I'm afraid to make offers to create deals because I don't know where the money will come from and I can't ask for money because I do not have a deal. What do I do first?

Most Popular Reply

User Stats

100
Posts
52
Votes
William Joel Idleman
  • Financial Advisor
  • San Antonio Texas
52
Votes |
100
Posts
William Joel Idleman
  • Financial Advisor
  • San Antonio Texas
Replied

Brandon, in my first couple of deals I won't be using other people's money. I'm going to make rookie mistakes. I don't want to make it with someone else's money, especially friends or family. In your position, I would read every book I can about business and real estate. I'd continue to listen to the podcasts. I'd pick market in which I want to invest and learn everything about it. While I'm doing all of those things, I'm saving toward my 3.5%-5% down payment required for an FHA loan and moving into my first house hack. Real estate investing is simple once you pick your niche, but it isn't easy and it isn't quick. It takes time to grow.

Loading replies...