Getting started, no capital, working full-time & with a family

[Evarine Karanja]

Can anyone advice me on how they got started while working full-time, with no capital since they have a family to provide for???

1. How to get in-touch with lenders and Raising capital

2. Transitioning from full-time employee to investor full-time.

3. Budgeting for family and investing needs.

Thanks for you input.

[Brad Chandler]

I don't agree at all with save money at your job before you invest. I was in your same position in 2002. I was 2 years out of graduate school, had a negative $80k net worth, was making $60k a year and had a new born son. I worked full-time and then came home at 6 - got my son to bed at 8 and worked until 11/12 every night and on weekends. I hand addressed thousands of letters, put out bandit signs and door hangers and networked like crazy. I didn't have much money to market - hundreds of dollars. I found my first house on a listserv I was on and bought it subject-to. I borrowed $20,000 from my mom who was a nurse. Fast forward to today and I have a development business, a fix and flip business that does 200+ homes per year and a rental portfolio of 80 homes. Needless to say, I no longer have a negative net worth.

So my advice - go make it happen. Don't work at your job to save money - b/c it will never happen. Life will get in the way.