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Updated over 5 years ago on . Most recent reply

User Stats

18
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3
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Mark Whittaker
  • Rental Property Investor
3
Votes |
18
Posts

Am I too late to get into the game?

Mark Whittaker
  • Rental Property Investor
Posted

I keep hearing about all the people that got started 4-5 years ago with nothing in their pockets and how have multi millions of dollars of net worth..  Everyone keeps saying there are no deals left.  Am I too late?  I got really excited about this for a while but the more I look into it the more I fear that Im just too much of an amateur and missed the boat.  

I have 100k to get started but cant seem to find any "wedge" deals.   I feel like the only people who can be successful right now are those with an established team in multiple markets. 

Most Popular Reply

User Stats

133
Posts
114
Votes
Joe Facenda
  • Realtor / Investor
  • Vienna, VA
114
Votes |
133
Posts
Joe Facenda
  • Realtor / Investor
  • Vienna, VA
Replied

"I keep hearing about all the people that got started 4-5 years ago..."  If you don't start, you will be saying the same thing in 2023 about the people who started in 2019.  It is never too late.  Your hometown market may not be a prime target - all markets go through cycles. But I guarantee that some market somewhere in the country has the kind of deal you are looking for.

2nd thought - and a very important one - the first deal does not need to be a home run.  Just get on base.  It doesn't matter if it is a single, walk or you get hit by a good deal.  Just get on base. It doesn't even matter if it is a dropped 3rd strike and you scramble to first.  You can't score unless you are on base.

Then at your next at bat, you've seen the pitcher, know what might be thrown at you and can better square up and get a multi base hit.

P.S.  Guess you kcan see I like both real estate and baseball. 

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