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Updated almost 9 years ago on . Most recent reply
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Getting funded for my first deal
I've read the Ultimate Beginner's Guide twice now and a couple well known and talked about real estate books from Barnes n Noble. I feel like I've learned a lot in a short amount of time. I have all the confidence in myself that I can make this a great career. I'm loving all the positive support here on BP. People here seem to offer plenty of advice and tips.
Starting out in Real Estate seems to be the biggest speed bump. Funding that first deal has been impossible so far for me. I've researched lots of properties and found some good deals if only I could jump in and get going. I started out being interested in wholesaling but the more I read I'd rather be doing fix and flips. Or both if possible. Many articles and books keep talking about getting started in my position but its not as promising as they make it seem. Any advice on getting that first deal funded with no hands on experience and no start money of my own would be great. Thanks in advance for any input!
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First of all @Sean Casey Congratulations for reading and getting more knowledgeable in REI. I'm partially in the same shoes as you are, excited, motivated, and rushing to know more about real estate and all its glory. Wholesale was my first look into getting started but yes like you've mentioned the more we read about it the more and can seem to push away because in reality its not all cash free takes a lot of marketing and time for things to start rolling in the RE funnel. Brandon just did a great webinar on finding great deal in a competitive market I would suggest you sign up to the next one coming up their are filled with great snippets and tips that help.
With that said BP is great support place and system so keep posting and connecting with other users it's going to help you a lot when you have deeper questions that you can ask a more in depth question when you're building a relationship with these experienced members. To find some financing with no money on your part we would have to get creative but like one member suggested to me get connected with some members and lenders get pre-approved for a loan and jump in. If you have any doubts on a deal you find post it in the forums members here will help you with the analysis and give you more tips on what you should do.