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Raising Capital - Get a Job?
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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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.