Raising Money for a Beginner

[Jason Hill]

Hello everyone,

I'm 27 yrs old and fairly new to this real estate game, but I love it and cant get enough.  I own one buy and hold property in Grand Rapids, MI.  I have a full time job in south florida that I love, but my ultimate goal is to become financially free with the passive income from my buy and hold properties.  I want to start doing real estate full time in order to grow my portfolio, but would need to raise money in order to do that.  Also, if I go this route, I will need enough cash flow coming in from real estate to support my family.

I have natural hesitations of quitting my job and jumping head first into real estate with very little cash.  I was interested to hear of others stories with a similar scenario and how they were able to get a quick start with no money?  I'm open to more strategies outside of buy and hold to acquire additional cash, but ultimately I want to rely on the passive income from my buy and hold properties long term.

Grand Rapids is/has been a great market, but I am open to other markets and/or different strategies as well.  Wholesaling seems intriguing, but I know it's not as glamorous as some make it look.

Any input would be extremely beneficial.  Thanks in advance!

[Jake Thomas]

@Jason Hill welcome to the site. Good to see another GR investor on the forums. In my experience the easiest way to raise money is to flip properties, get another job or look to close family and friends. I did the first two to accelerate my investing. Being new and raising private money would be difficult as passive investors won't give a newbie money generally unless you have a lot of experience you aren't telling us about.  This isn't a get rich quick game but rather a get rich slow business. I wouldn't advise quitting your day job just yet until you have a better idea of your future plans and how to get there. I still work my day time job while being a full time Realtor, landlord and rehabbing properties as we speak. Take your time and figure out a plan and hopefully it all works out.