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Updated almost 7 years ago on . Most recent reply

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Toshi Countryman-bey
  • New Britain, CT
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Where to start with no capital

Toshi Countryman-bey
  • New Britain, CT
Posted

I want flip 2 houses this year.  And purchade at least 3 investment properties.

Due to an eviction from hell on my sole property.  I currently don't have much cash..like none and the eviction is going to court.  How do I start over and fast?

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

It's great to have goals and dreams but there needs to be dose of reality mixed in. I suppose we could all cheer you on and give you advice on how to "10x" your goals and flip 20 houses this year and purchase 30 investment properties, but that's like encouraging someone to jump off a 30-foot diving board after watching them belly-flop in a kiddy pool.

You have one rental that has fallen apart and eaten up your cash. I recommend you fix what you've got before trying to take on more. Build a solid foundation first, then try to expand.

  • Nathan Gesner
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