Real Estate Investing Newbie

[Jerral Williams]

Good afternoon,

I'm a school teacher in the Houston, TX area, looking to enter into real estate. I would like to begin with a flip to build capital and buy & hold inventory afterwards. The obstacle I'm running into is funding. Can anyone give any advice or helpful tips for a real estate novice like myself? I already have an LLC for the properties as well. Any advice would be greatly appreciated.

[Wale Lawal]

@Jerral Williams You don't have to be ashamed of your lack of money to start Real Estate Investing as this is a very common problem for 95% of new real estate investors. 

Take this action you will start getting better at funding your deals.

Drive for dollar, skip trace the owner, negotiate a great price (70% rule), sign the purchase agreement, call 3 hard money lenders for funding (I can recommend if you need them), partner with a great local sub-contractor (depending on the level of rehab), diligently manage your rehab, after rehab is completed look for a great agent to help you sell your flip, then pay the hard money lender at closing and repeat the process again.

After 3 solid deals, you should be able to start to Buy & Hold.

Goodluck and reach out if you need help.