Needing Advice on Getting Started

[Nick Lockard]

Hey all,

So I'm trying to get into my first investment property, and I've hit a couple of snags in the plan. I was working on getting the down payment taken care of, but I had emergency expenses come up and won't be able to really save as aggressively as before. 

I know it's possible to get into investing with very little or nothing down, but I'm kind of stumped as to where I need to start. 

I have a mortgage currently, but I JUST refinanced with no cash out. I know the options are there, I'm just needing some help getting in the right direction.

This is also my first forum post! I appreciate all of the help in advance.

[Andrea Weule]

Hello Nick, Welcome to the BP Family (at least posting).  You have a few options.  If you don't have money to put down you can wholesale properties to other investors to create some cash.  This is a great strategy when you're learning.  You build your deal finding/negotiating muscles and you meet a lot of people.  Another option is to explore private money.  Do you have friends, family or acquaintances that would invest with you for a return on their money.  Finally, you can offer to put in more time and energy for a deal while a partner puts up more funds.  

Just keep after it and you'll get closer each deal.  Best of Success!