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Updated about 9 years ago on . Most recent reply

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6
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1
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Zoltan Harta
  • Southampton, PA
1
Votes |
6
Posts

Where do I start??

Zoltan Harta
  • Southampton, PA
Posted
Hi everyone, New to this awesome site and obviously my first post, so quick background...reside in the Philadelphia surrounding area and held my RE license part time for a relatively short amount of time. Had to forego paying my fees to keep it active due to a job I was recruited for in the insurance industry. I KICK MYSELF EVERY DAY FOR THAT DECISION, but at the time couldn't pass it up. Fast forward a few years, no more license but looking to finally get in the investment game...part time at first, but eventually want to take this on as a full time career! Small twist...with a wife and toddler to support, a sizable mortgage and a hefty school loans, I have little to no capital to invest myself! My plan was to flip a house or two for a couple years until able to purchase duplex/multi pled properties to generate some cash flow. So my question to you all would be how do I get started? Do I look first for financing (hard money?) Any advice would be so greatly appreciated!

Most Popular Reply

User Stats

757
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318
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David Bokman
  • Real Estate Investor/Wholesaler
  • Philadelphia, PA
318
Votes |
757
Posts
David Bokman
  • Real Estate Investor/Wholesaler
  • Philadelphia, PA
Replied

Unfortunately there is NO easy answer to your question and your situation isn't much different than most of the people in the world today. I personally think you have a lot more education that needs to be done before you even consider "investing" in anything at this point. Without cash and experience and a solid understanding of what your doing "investing" is close to impossible! If your looking to start with something P/T you might want to think about teaming up with a local wholesaler and start "bird-dogging" for them so that you can learn more about the industry. I would also suggest going to your local REI meetings with take place every month in Manayunk. Hope some of that helps.

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