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Updated almost 4 years ago,

Account Closed
  • New to Real Estate
  • Naples, FL
3
Votes |
8
Posts

How to Start with no cash, credit history, etc...?

Account Closed
  • New to Real Estate
  • Naples, FL
Posted

Hello!

I'm a college grad of about 2 months. I'm a complete newbie to real estate. The most I have done so far is buy some biggerpockets' books, read forums, connect with other real estate investors on the site, and begin learning the basics of deal analysis. But I have no credit history or cash to start my first deal. I suppose I could find a partner, but I don't want to use someone else's money when I'm so new to real estate. I think it would be unwise so early in the game and rather use my own money. So I got a manager position job and plan to build up cash reserves and a credit history. After about at least a 2 years I'll have enough to take out a loan and put a down on a house. But apart of me feels like this is so slow. I would like to have at least 5-10 properties in my portfolio instead of just 1 in the next 2-3 years.  Do any of you have advice on how I could go about accelerating the process? Thank you for your help in advance. 

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