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Updated over 6 years ago on . Most recent reply
How do I build my initial lump of capital to start investing?
So it is officially day 3 of my self study into the world of real estate investing. I still have much much to learn. But one thing that strikes out to me is that all of these examples of RE investing (flipping, wholesaling, buy&Hold, etc) all require having a down payment for a mortgage and some means of generating cash flow to pay off said mortgage. As well as more capital for expenses and building up equity.
And I am here like "wait, where am I suppose to get these tens of thousands of dollars to start off? I am just a kid with practically no money in the bank?"
Any sort of advice would be nice, but specific advice for renting out & generating near-immediate cash flow for reinvesting & expenses would be even better.