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Updated over 1 year ago on . Most recent reply

User Stats

43
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10
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Ismail Sogbaike
10
Votes |
43
Posts

Best strategy to obtain capital for future property investments

Ismail Sogbaike
Posted

Hey real quick to break down my situation- I’m 17 with a job and not too much capital but i have some side hustles that are about to begin. My original plan was to first buy a duplex to start out but this was way back at 15yrs old when I wasn’t so educated and serious about investing but now I’ve learned that i will need capital to begin with, so I’ve chose maybe one of the most popular/ saturated strategies to begin with, you probably guessed it “wholesale”  I am not interested in building a long-term career in wholesaling, just using it as a means to an end to build capital. Is wholesaling worth a shot if I'm just doing it to build capital to invest in rental properties or would it be better to seek out private money? I put wholesaling because I feel like it’s a good way to get in the industry and create relationships with other investors, title companies, etc. If you have any experience with wholesaling give me a tex.

My plan is to start with wholesale then shift into the BRRRR method or buy and hold short term. Eventually moving into the long term multifamily properties.

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