How to turn $1000 into $25,000 in less than a year

[Angela Jossy]

This is the question on my mind since I became obsessed with the prospect of purchasing a multifamily property and beginning my real estate career by house hacking. I have a good job and a steady income but saving alone will take me years to have a decent amount to cover down payment, repair costs and unexpected vacancies. If you were me, what would you do to get the investment capital I need? Help out an experienced investor and earn it while learning the business? (I am an apartment manager, graphic designer, web designer, social media expert, publicist, writer, festival planner and very connected person in Tacoma). Experiment with wholesaling? (double closing?) Invest in things like Lending Club and Prosper to earn interest on my existing savings? Finally finish writing my book on festival planning and market the heck out of it in hopes for a windfall of sales? Hard money? All of the above? Something else? What would you do to raise that capital in time to start 2017 as a bonafide real estate investor? 

[Andrew Ware]

Since you are very connected I would use that resource. Talk to your network who knows you well. Tell them your plan, your problem, and ask advice how to solve it. You may find someone who knows exactly what you should do and have the $25k for you to do it. Or they may know someone who knows someone who has a problem you are perfect to fix. Or they may just help you refine the idea, then you talk about it to everyone you speak with.

Once you have a plan stick with it. You sound like a creative interesting person. But the downside of that is that type tends to bounce around doing a lot of interesting things and not saving up the 25k they need.