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Updated about 6 years ago on . Most recent reply

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No cash to start investing

Kenyetta Overton
Posted
I’ve been wanting to begin my real estate investment journey for a long time. Ive read some & purchased studied a couple of program but funding is the problem. What stategies are available to me if I dont have any cash at all?

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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
Replied

cash helps tremendously, but really it's generally not a cash problem as much as a knowledge/talent problem

If you had 100k dropped in your lap, would you know what to do with it to make a good investment? unlikely (not to say you might not find a way to spend it). My point is that if you spend time learning, and networking you'll start to understand this business and your strategy will develop. Once you know what you're talking about, what you want to accomplish, and know people who are in the business, finding money becomes pretty easy.

if you only had a money problem, then you could just find a deal and pitch to someone with cash and have no trouble closing. Money is in abundance, talent and deals are scarce.

educate and network, both are free and they make funding much easier to get. In the meantime, save every single penny you can, this shows you're willing to make the same sacrifice that you'll be asking many others to make with you. aka skin in the game  

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