$400 What Next?

[Yasmine Bisumber]

I was asked by an aspiring investor what the best use for thier  $400 would be. His goal is to become a real estate investor but he was very honest and said he has $400 to start his career with. 

I'm passing the question onto my BP family, what do you guys think? What is the best use for $409 when starting your REI career?

[Jonathan Makovsky]

@Yasmine Bisumber

• #1 Get Educated:
  
  • $100 - Buy books (List here: https://www.biggerpockets.com/renewsblog/2013/04/1...)

  • Free & Invaluable - BP Podcasts

  • (Subtotal: $100)
• #2 Find Deals and/or Find a Mentor to show you how to find deals:
  • $100 Gas - Drive for Dollars/Door Knocking
  • $20 - Supplies (pens/paper) for hand written letters to leave in people's mailboxes 
  • Free & Invaluable - Work for the Mentor in exchange for learning
  • (Subtotal: $220)
• #3: If becoming educated hustling are not in the cards for your friend, then the only other way I can see becoming successful is by getting a J.O.B. and saving money to invest. 

Sorry I can't sugarcoat this, but it's hard to make money in real estate without hustling and being educated. AND it's going to still be a real upward battle without much money behind your friend. 

Although on a positive note, there is still $180 leftover in the example above :) Best of luck to your friend.