Is there hope for a low earning newbie?

[Robert C.]

Hi BP community,

Recently I discovered the world of real estate investing and have been so excited about it. I have been reading books, devouring podcasts, connecting with others, and filling my head with content from BP and other places whenever I have free time. However, in all of this I have noted a trend (not the rule but a trend) that has me a bit discouraged. Most investors who’s stories I have heard had some sort of a high paying job that provides significant cash flow when they got into the space and/or they lived in a market that wasn’t so over priced. (I live in California)

Now I’m trying to overcome this by reading specific things to help me like Brandon Turner’s book “The Book on Investing in Real Estate with No and Low Money Down” and by trying to build my intellectual and social capital since I don’t have a lot of physical capital. However, when I look at the mountain I have to climb I feel so inadequate and impossibly far behind. I won’t give up and I won’t stop, that’s just not who I am. But I would appreciate anyone sharing their story if they overcame similar challenges when they first started out. And if you wouldn’t mind sharing strategies you used to overcome your obstacles or any other suggestions you have for someone like myself, I would welcome that as well.

Thanks for your time.

[Ryan Murdock]

Hey Robert you're already off to a solid start with your choice of books and forums. This is not a "get rich quick" business. Most investors grind for 5-10 years or more before they finally see the true fruits of their labor and can live off their rental properties. You'll fall down, get kicked, punch slapped, and spit on by this business - we all have. Just keep at it and don't let lack of starting capital deter you. It just means you'll have to bring a little more hustle.