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Ahmed Aboelela
  • Rental Property Investor
  • New Jersey
4
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8
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Raising Capital - Get a Job?

Ahmed Aboelela
  • Rental Property Investor
  • New Jersey
Posted Jul 25 2024, 13:37

Hi, My name is Ahmed Aboelela and I'm a just getting started in the real-estate game.

How do you build up enough capital to buy a rental property? What were your experiences when you first started, and what would you do differently now? Is getting a job a good strategy, or are there other approaches you recommend?

Much Aprech

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15,993
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Chris Seveney
Pro Member
#2 All Forums Contributor
  • Investor
  • Virginia
13,413
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15,993
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Chris Seveney
Pro Member
#2 All Forums Contributor
  • Investor
  • Virginia
Replied Jul 25 2024, 14:47
Quote from @Ahmed Aboelela:

Hi, My name is Ahmed Aboelela and I'm a just getting started in the real-estate game.

How do you build up enough capital to buy a rental property? What were your experiences when you first started, and what would you do differently now? Is getting a job a good strategy, or are there other approaches you recommend?

Much Aprech


 getting a job should be your #1priority. Three ways to start in real estate:

1. Come from money

2. Earn money

3. raise money

reality is majority earn money that they save then its not many people who actually raise money. BP has 3M and I could tell you that my guess is far less than 1% raise money from investors. The most followed path is to save enough for down payment and reserves then get a loan.