Strategies for building capital when starting out

[Jeremy Mims]

Hello BP!

I am a recent college grad residing in California with little money to put towards real estate. This is the main reason that I've gotten discouraged in the past, but now I am trying to find a solution to overcome this! So, how can someone in my position get started in multifamily real estate with minimal funds? I would eventually like to be a syndicator on large, out of state multifamily properties, but I need to build my experience up in order to attract investors and for brokers to take me seriously. What are some strategies that people use to build the necessary capital to get involved in real estate? From the reading that I've done, it looks like whole selling is a good option to build capital, while also learning the different aspects to the REI game. Does anyone have any thoughts or things that I should be aware of before going into whole selling?

I would also like to get involved with one of the coaching programs (Rod Khleif for example), but simply do not have the money for these types of programs at the moment. Furthermore, I feel that I still have a lot of research/learning to do on my own prior to paying for a coach.

If anyone has had a similar experience, I would love to hear about how you tackled this obstacle!

Jeremy Mims