Buying real estate !

[Alvonta Flemings]

In need of advice, I’m 18yrs old I’m working to get my first rental property but I have zero credit and zero money to put down payment on anything. What would you guys suggest I do? I’ve been working on wholesaling so I can get a check and basically save it for my first rental. Anything else I should do?

[Scott Johnson]

@Suny Capezzuto the only thing I’d add is “who’s money is it that you’re spending to make the mo way?” My wholesaling mentorship, contract and assignment was $500 and a percentage of my first three deals. That’s easily paid with the credit card you recommended she get, and can be paid off after her first deal closes.

Very good advice, just know that the money you spend to make money doesn’t necessarily have to be yours. And you can use completely FREE resources to track down, contact and acquire your first deals. Spending money just makes the process easier as long as your deploying that capital in an effective way.

Stick to BP and you’ll get a better understanding on how to deploy it.