New to investing in Austin - looking for advice

[Dawn Walker]

Hey Y’all! 

I am very new to this realm but so excited. Over the last few months I have been educating myself reading, watching the videos here on BP, looking at as much information as possible but I still need some help with fitting all of the pieces together. 

The information makes sense on paper on how to get started on which ever strategy someone wants to invest in but I’m having a difficult time understanding how to put it into action.

Currently I am interested in a few strategies ( BRRRR, fix and flips, and wholesale) but with no capital of my own to invest I would have to use a partnership, private lender or hard money. I thought wholesaling would be best as the moment to start since I have no money of my own. If I wanted to do a fix and flip as my first property is it difficult to get hard money with no experience? I have so many questions lol and they are truly just how to put all the information I've read and learned into practice.

Thank you all so much! Any and all advice is extremely helpful. 

[Ryan Kelly]

@Dawn Walker while no and low-money down strategies can work, they also leave you very little room for error if you run into a problem. I recommend focusing on two things: 1) socking away as much money as you can over the next 6-12 months, and 2) network with local investors to see what works in your market. This way you can make a solid decision with your first purchase and not feel forced into a risky strategy because it's your only option. Keep at it!