Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • San Antonio, TX
9
Votes |
11
Posts

No Money, No Savings. What To Do.

Account Closed
  • Rental Property Investor
  • San Antonio, TX
Posted

Hey BP friends. I'm 22 years old, and I'm from San Antonio. I want to start investing, but I don't really have a whole lot going for me right now. any ideas on how I get get financing for my first deal? I'm hoping to start in January.

Most Popular Reply

User Stats

569
Posts
264
Votes
Michele B.
  • Vandalia, MI
264
Votes |
569
Posts
Michele B.
  • Vandalia, MI
Replied

Option !:Find a deal make it a good one.  Then put it under contract with contingency, find a new buyer for the home. Double close the same day.  make about 5k do that till you have some serious cash for down payment and closing cost.

  
Option 2:  Find a great deal, find an equity partner. 

Option 3: Find a family member or friend to help you with cash

Option 4: Seller financing 

Option 5: Read and learn everything you can while saving some cash.  Eliminate all extras in your life so you can get your first down payment and closing costs. 

If you have any questions tag me so I can answer them. 

Loading replies...