Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

44
Posts
33
Votes
Christopher Smith
  • Rental Property Investor
  • Goldsboro, NC
33
Votes |
44
Posts

The Reasons Why It Happens

Christopher Smith
  • Rental Property Investor
  • Goldsboro, NC
Posted

It’s Quite often ive seen and spoke with countless Accredited and Sophisticated investors. And they all seem to be the same. “You have to have skin in the game.” “You have to have money.” “ Why would i waste my time on someone who cant bring anything to the table”. (This is for someone who has no deals)

I often think to myself. Is it really that true? Is it impossible to accomplish a feat of this size (Multifamily,etc) Although i do understand that money is needed and there has to be some sacrifice made. But do investors have to be so “anal” about everything that comes out of there mouth?

Ive been given options (Wholesaling, Bird Dog, Mentorship programs) and anything else in the book. But would you suggest someone do something they aren’t passionate about? Would you do it.

Im currently 19 in active duty military and a aspiring multifamily investor. Ive been searching for partners to help with funding but it seems as if i get the same response. (Im not soliciting im trying to build a relationship).

I guess my real question is this. To whoever may read this. If you didn’t come from much. But you had a drive and you don’t really sleep that much. And your dedicated to reach that point to where a lot of BP investors are. And you reach that pinnacle of success. Would you treat someone on the other side of the fence as if your better? As if you were never that low?

Most Popular Reply

Account Closed
  • Investor
  • Singapore
3,225
Votes |
1,581
Posts
Account Closed
  • Investor
  • Singapore
Replied

@Christopher Smith What do your mean by "anal"? Just because I dont want to invest my hard earned cash with a 19 year old with no experience doesnt make me anal. It just makes me reasonably intelligent. It seems that you want a shortcut. If you are as driven as you say you are get a job. Get two jobs. Get 3 jobs. Cut your expenses to nothing. Save enough money to have skin in the game. For maybe a small flip. Then work your butt of and make it a success. Then go do it again with the profits. There is no shortcut and you will not be buying 100 unit building anytime soon. But you can make progress. Not by whinging about sophisticated investors but by getting out there and doing what you can.

Loading replies...