New To Investing With Little Money

[Davion Riley]

Hey BP I'm new to the site and also new to the ideal of REI. I'm from Arkansas and I really want to get started in REI this year. I'm 21 years old and a senior in college. I don't have a lot of money saved up currently but I don't want to keep putting off to save up money. I would like to find a single family property that I can get for fairly cheap and I don't mind doing a lot of the rehab work my self.

Any advice would be great, How to get started places to look for the types of properties that I am interested in ect.... Also I am looking for a buy and old property to rent out.

Thanks

Davion 

[Andrew Syrios]

Davion, the best way to approach it would probably be to start by doing some wholesaling. This can allow you to get you your feet wet and gain experience. At the same time, read books, watch videos, go the REIA groups, network and all the rest. After a while, perhaps you can find a partner who will front the money while you find the deals and oversee the rehabs. Then you can split the profits. Or you can do some creative financing for flips such as subject to's and seller carry backs.