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Updated over 11 years ago on . Most recent reply

User Stats

8
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0
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Benjamin Ertl
  • Phillips, WI
0
Votes |
8
Posts

If I could make $5 I'd be happy.

Benjamin Ertl
  • Phillips, WI
Posted

I'm just starting out and have been reading about all the people you should have on your "team" to start investing: lawyer, lender, mentor, etc. While I can agree with all of this, at this point I would much rather be a small investor who does his own thing.

I'm a junior in college with limited funds -- if you haven't picked up that vibe already.

The idea of investing in raw land or in a mobile home interests me the most but it seems like there isn't much money to be made in that field due to the costs of maintenance, development, etc. Plus it seems like the cheaper the cost, the more risk and cost of repair.

What sort of initial capital would I need to even start investing? $100? $1000? $100,000?

I would love some personal stories of investors that made small investments and had some success with it. My mind is a sponge so any and all advice is welcome.

Most Popular Reply

User Stats

128
Posts
52
Votes
Taylor Shapiro
  • Flipper/Rehabber
  • West Hartford, CT
52
Votes |
128
Posts
Taylor Shapiro
  • Flipper/Rehabber
  • West Hartford, CT
Replied

@Christopher B. I'm interested, as i'm sure your story could shed some light on the OP's question-

How did you buy your first investment property with no money? Was this a rehab or a buy and hold?

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