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Updated about 9 years ago on . Most recent reply
How to get started with lack of capital?
Relocating to Memphis TN later this summer and will be making a career change. I plan to get my agent license but would also love to get started with real estate investment. I have a strong product, business and technical background in digital media and marketing. I have the confidence that I can learn the industry in order to to be successful, however, I am concerned about my lack of (zero) capital to purchase homes, services and materials in the beginning. Is it really possible to start with zero capital and be successful? I know private money is an option, but my network of private investors is small and new to the industry if they are interested at all. As I said, I understand and am willing to put in the work necessary to be successful, but not sure how to start without the intro capital. Any help is greatly appreciated.
-Tim
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Welcome to the site @Tim OHare!! I was exactly like you two years ago trying to figure out how to get started with no money. Private money is how you get this done and all it takes is for you to get out there and meet folks! There is a REIA in Memphis and that is where you can start. Let people know what your trying to do and ask for help, you will in time meet the right folks who can get you started! This business is 100% relationships and it seems like a long road to get started but it's not!
Let's connect when you get in town!