Only have $1,000 and I want to start investing. Is it possible?

[Trevor Carver]

I'm looking to fix and flip or buy rentals but have very little capital, about $1K. I've started doing my own marketing and connecting with wholesalers to find deals and a few have come my way but every time an opportunity comes it seems like I don't quite have enough money to get it under contract. I've talked to hard money lenders and they want 3 points upfront (houses are going between $150-300K where I'm at). Is it even possible for me to get started or do I need to save up more? If it is possible any suggestions on next steps?

[Edmund Ricker]

@Trevor Carver

Join your local REIA and network with other investors. Partner up with someone else on a deal. You find the deal, they find the money, and you split the profits. Might not be a 50/50 split, but you will make some money and gain valuable experience.

Keep digging and don't quit.

Good luck on your journey.

Ed