Newbie from Chattanooga, TN

[Nathan Recchia]

Just introducing myself to BP after finding out about it from YouTube. I love the information and have always had an interest in real estate investing. I'm 22 and about to graduate from the University of Tennessee at Chattanooga with a degree in entrepreneurship and started my own lawn and landscape company. My feet are really to the fire because I'm getting married in October and I have no job prospects, mostly because I get nauseated at the idea of selling my soul for 40 hours a week doing something I have no emotional connection to. I'm extremely entrepreneurially spirited and just want to make a living of starting businesses and investing in real estate. 

I've gotten connected to a guy before who is an investor who is willing to help me but his ways seem a little shady and I don't like that. I am definitely the most interested in multifamily properties because I agree with Grant Cardone that we are turning into a renter nation, and I also like the idea that if you lose a tenant you still have some income while trying to reoccupy that unit. 

I think I can get some access to investor money, as I have no money of my own to invest. So creative financing is the only way I can start as far as I know. I feel like after I learn and pull the trigger on the first deal I'll be off and ready to rock n roll on my way to billions. (btw, being a billionaire is literally my goal, I believe in massive goals lol)

I'd love to connect with people and once I learn and can contribute more things of value I'm definitely going to. 

[Kurtis Montgomery]

Kurtis Montgomery:

Hello @Nathan Recchia and welcome to the BP community!

We have a lot in common it seems. I am getting married in October also and have massive goals linked with an obsession of knowledge and passion.

Starting out like you, I thought I had a couple Investors in my pocket and learned over time, they were in my shoes and not at the point yet when they would be able to lend.  It took a lot of analysis and really honing in on a lot of traits I picked up either on BP forums and podcasts or from my peers in Chattanooga to find others actually looking to give out money.  Investors need to know they are secure, so showing them an Investment Calculator, Rehab Manager, and any other spreadsheet or calculator is imperative.  @Brandon Turner wrote a bible for newbie investors on how to get creative in financing with The Book On Investing in Real Estate with No and Low Money Down.  Read that and the Beginners Guide until you can recite it while underwater or dream about it in your sleep (that's much safer).

A good way to get in with some investors ( Buy & Hold or Flippers) would be to offer your landscaping services once every couple weeks for free for some coffee time to ask questions about how they got started.  If you do, don't look at the situation as losing money, but gaining important insight and knowledge to use in your future.

I'm glad your staying away from the shady investor, your name can get tarnished very easily, its like getting a credit card in college and maxing it out and never paying it back.  Down the road it always bites you in the butt.  

I am putting in my first offer with a partner on a house as we speak.  Investors gave us the green light and even though I've done ever number imaginable from all the resources given on bigger pockets, i'm sure I will still leave out something.  Everyone always says your first flip is nothing but a learning experience and just be happy to get out without losing money (good thing none of mine is in).  I like to always plan for the worst, so nothing surprises me.  I will be posting about it on the forums soon, so don't forget to set Chattanooga into your keywords.  I hope you do well.  Action, action, action, and don't get discouraged.