New and unsure

[Jeff Valone]

As stated, I’m completely new to real estate. I’ve done some light reading and research but I’m more efficient when learning by doing. I also learn well by getting feedback and interactions from people who know what they’re doing. I’m in the process of buying our first home and we have a 2 year plan for it. What I’m wondering is, with little to no capital, how likely is it that I can add more properties to my portfolio? Also, who do I need to talk to/set meetings with to make these things happen? I’m an active learner and don’t like to waste time so I want to build my skill set and portfolio consistently. 

[Caleb Brown]

Quote from @Jeff Valone:

Quote from @Caleb Brown:

The only 2 options I see with no capital is seller financing or partnering on a deal. What is the plan with the house you are buying? If you have a 2 year plan stick to that. During the 2 years focus on learning and building a strong foundation. Also save extra $$, you need cushion and reserves. Sometimes you have to be a little patient. 

 We’re doing a live in flip. Primarily with sweat-equity but it’s very doable and I’m confident in its return potential. I plan on using this deal to fund future plans but I’d love to be able to do more during this time, as this house won’t take near that time to complete, but it is our home for the next two years.

 I am doing a live in flip too! I would advise to focus on that. There will be items that pop up you weren't expecting. If you are already low on capital you need to have enough in the emergency fund/reserves. Be patient, after 2 years flip it and do it again. Use the excess funds to invest.