Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

142
Posts
52
Votes
Justin Frye
  • Investor
  • Columbus, OH
52
Votes |
142
Posts

Investing and making the most out of 2-3k

Justin Frye
  • Investor
  • Columbus, OH
Posted

hello I'm a newbie investor and I'm looking to get started immediately. Id like some advice on what would be the best way to get started with the little bit of cash I have. I've got about 2,500 and just wanted some advice as to how I could use that little bit of money to get my first property without using my credit at first. Any and all advice would be greatly appreciated 

Most Popular Reply

User Stats

1,893
Posts
2,225
Votes
Dev Horn
#3 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Arlington, TX
2,225
Votes |
1,893
Posts
Dev Horn
#3 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Arlington, TX
Replied

Here's your 5-step plan:

1) Develop a cash buyers list of people who can fund a flip. 
2) Get a website or landing page.
3) Set up a Google Adwords campaign with a $20 per day budget.
4) Also do other online stuff like Craigslist, but most your action will come from paid media.
5) Work the leads as a wholesalers - find deals, get them under contract, get them to your cash buyers, and get paid for finding great deals.

If you don't yet know how to do Wholesaling, send me a colleague request with your email address and I'll give you our 3-video WHOLESALE ACCELERATOR course for free (offer open to any BP'er).

Other strategies like Subject To require significant capital investment and rehab expertise.  Stick to "wholesaling" (assigning contracts) until you have some capital to fund actual investments.  Make sure you have 5-10 legitimate buyers that you can contact immediately after (or even before) signing a contract with a seller.  While I promote wholesaling as a way to get started, I also - like a lot of BP'ers - think you need to be responsible in making offers to sellers; you need to KNOW that you can fund a deal via your buyers or you can really jerk around a homeowner who thinks they found a solution to their problem.  So be sure to do step 1 first....

  • Dev Horn
  • Loading replies...