Excited to start my real estate journey - Advice and Connections welcome!

[Tyler Fremarek]

Hi everyone!

I’m thrilled to join BiggerPockets and connect with this amazing community of real estate enthusiasts. Here’s a little about me:

• Background: I have a career in nursing and have recently started exploring real estate investing. I own two properties and am learning how to manage them while building wealth.

• Goals: My short-term focus is to optimize my property management strategies and potentially grow my portfolio. Long term, I aim to achieve financial freedom and transition into real estate full-time.

• Why I’m Here: I want to learn from seasoned investors, share insights as I go, and find ways to collaborate and make deals with others.

I’m particularly interested in strategies for investing with limited funds (like distressed property flips or creative financing), so any advice, tools, or success stories would be greatly appreciated!

Looking forward to learning and contributing to the discussions. Let’s grow together!

Best,

Tyler

[Nathan Gesner]

Quote from @Tyler Fremarek:

Many people claim you can invest with little or no money. That's true, but not nearly as true as they claim. 

I definitely agree with learning how to manage your investments. Too many new investors are focused on acquisition, and they never learn how to manage what they already own. You can lose tens of thousands with rookie mistakes. Whether you read my book or one of the others out there, I suggest you educate yourself and learn how to manage well before a mistake sours your plans.

Flipping is a great way to earn income, but the market has to be balanced. Sales prices and mortgage rates make it really hard to find good deals today.

Wholesaling sounds good, but you could make better money working extra shifts as a nurse.

You could look for run-down properties as buy-and-holds. Most investors want something easy. If you buy the properties they don't want (hoarder houses, dilapidated investments, etc.), then you can get them below market, fix them up, and make the numbers work. You can also look into seller financing.

[Jonathan Greene]

It's great you want to optimize your property management on your first two, but you should also optimize the properties themselves before looking to buy anything else. Check for cap ex coming, mechanicals, and smart repairs to do now that will save you later. Often when new investors are excited to scale, especially with limited funds, they start looking into to getting a third on seller finance or sub to, but the first two properties have repairs coming and all you do is add a third property that needs repairs to your portfolio.

This - "investing with limited funds (like distressed property flips)" - is an oxymoron. If you have limited funds, how are you going to flip the worst properties out there that cost the most and are the hardest to flip.

I know social media makes it looks like no-money and low-money down investing is feasible, but probably 95 percent of the deals that are done like that are done by people with money because it's the leverage money gives them to make a deal like that to the benefit of the seller.

Don't rush to get a third property that needs work on your ledger when your funds are already limited.