225 liquid, where to start with little experience

[Andrew Votsis]

I’m in the Boston area.  Looking to build relationships through deals and make this my primary income source. Willing to sit down and grab coffee whenever. Thanks

[Asa Hunt]

Hey bud, there are a few schools of thought on getting started.

1. Invest passively in someone else's deal to learn about the process. Usually a $50K+ minimum. 

2. Hire a mentor and go bigger, faster. They generally make themselves available 24/7, have training programs, help you with their connections, help you meet the loan requirements (10% of total loan in liquidity, networth equal to the value of the loan), and do their best to make sure you avoid costly mistakes. Programs I've seen are $25k - $30k. Some mentors are Joe Fairless, Mark Kenney, Rod Khleif, Michael Blank, and Brad Sumrok. I know tons of people who have been really successful hiring a mentor and started with 70+ unit properties. 

3. Help established operators raise capital in exchange for a spot in the general partnership of a deal or a small referral fee. Learn how to raise capital and the ins and outs of putting a deal together. 

4. Cut your teeth on smaller properties, 5-20 units, joint venture with a few people to purchase and operate something you can afford together. 

At any rate, if you're interested in apartments, I'd highly recommend "The Best Apartment Syndication Book Ever" by Joe Fairless. It's an excellent, in-depth resource on the entire process, start to finish, for an apartment project.