Trying to get Started

[Matthew Gray]

I'm new into the real estate world. I recently graduated from college and a few weeks later started working at a real estate company in Tulsa, Ok. I became an agent so I can learn as much as possible about the industry and be able to view the MLS so I can try to find deals for myself. I really want to BRRRR single family, but I'm having a hard time getting that initial capital to get started. Any suggestions on how to kickstart this?

[Jaime Brame]

Welcome!

Network, network, network. Don’t be afraid to talk about what you need (capital, mentorship, knowledge, etc). I remember it was like crickets when I went to a real estate investor meetup in Tulsa and said I need a mentor, but I kept trying. I found my private money lender through a fellow  real estate investor way up north who funds purchase price plus rehab, closing and hold costs. You just never know. Just pick up the phone. You don’t have to have much money to start, trust me. 

Partnership I’m sure is a good idea depending on the partner obviously. I don’t know too many investors here personally but have gotten to know many in the Philly area (doesn’t help me too much here). However, paying for a mentorship is the route I took, aside from learning as much as I could from other investors and resources in advance, on my first two deals. I’ll continue to work with her to goal set and such going forward, because I definitely have much more to learn.

Good luck, and just keep moving forward!