First time investor in need of funding advice

[Abel Casillas]

Hello bigger pockets community.

Here's a bit of background. I am 25 years old father from southern CA (father= reference free time ; southern CA = not probable to invest locally). I have never bought a house and I'm in a position to finally start saving money. I have a property I want to BRRRR in Texas. I have a hard money lender on board. I need to put up 20% and pay for the closing costs and fees so total about $30k out of pocket. I do not have $30K I could save up and try in to begin in a year or 2. I would rather buy now than since the competition seems to have slowed down.

Does anyone have a creative solution as to how I can come up with the money. I am interested in having a long term investment, I may be breaking even or have a slight loss depending on the rent but I consider having an asset paid off a win. I hope im not being naive and making a decision that can ruin me.

[Jensen Escobar]

Hey Abel,

If you have no experience investing its going to be very difficult for someone to trust you unless its family or friends. At least when you first start off. My recommendation is to go to as many meet ups as you can and create a whole lot of real and authentic relationships with people. The people that invest with you will be the ones that know like and trust you. Add as much value to peoples lives and business as you can and they will give you their trust. People go first. Business second. Hope that helps