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Updated almost 7 years ago on . Most recent reply

User Stats

125
Posts
27
Votes
Julio Velazquez
  • East Elmhurst, Ny
27
Votes |
125
Posts

No Capital ,No Experience , Where to start?

Julio Velazquez
  • East Elmhurst, Ny
Posted
Hello BP, So I’m in a tough position, I would love to start investing. However, I don’t have the capital to invest.. Building partnerships is very key in this business. I would love to reach out to brokers and ask for packages and analyze the deals and in the mean time try to build partnerships with investors things of that nature. I’m just worried as to either party taking me serious because I don’t have the capital to invest nor the experience . What advice can you guys offer?

Most Popular Reply

User Stats

750
Posts
386
Votes
Vaughn Smith
  • Lender
  • New Jersey
386
Votes |
750
Posts
Vaughn Smith
  • Lender
  • New Jersey
Replied

@Julio Velazquez Wholesaling is billed as the "no money down" "Easy" option to get started but in my opinion it doesn't fit either of those monikers. There are upfront costs involved in your direct mail marketing and it takes a lot of time to learn how to do wholesaling the RIGHT way. Id give you a couple options to get started. One become a subject matter expert on investing & analyze a ton of deals, you can then leverage that knowledge to partner with someone who might have a better financial position than you do currently but lacks knowledge. If you are determined to wholesale start with the mind map by @JoeMcCall its a great resource    

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