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Updated over 6 years ago on . Most recent reply
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The struggles are Real! Real estate advice please!!!
Hello everyone, I need some advice please. I have been struggling to get into real estate investing. I've been reading a lot of articles, watching videos joined different real estate investor sites such as BP. Everywhere I look people make it sound so easy, but it is not at all especially if you don't have a lot of funds to invest. I spent money on programs to train me, been to meet ups for networking and still nothing. Initially I was starting with wholesaling b/c I have minimal to no funds to get started. So, I worked with some real estate agents to find distressed properties, found some cash buyers but still got no where, more so because the agents I worked with that claimed to be investor friendly knew nothing about wholesaling . Then I thought about rehabbing properties but not enough funds. When things didn't go as planned, I became discouraged and stopped trying for a while. After some time, I am back at it again because I am not going to give up! I just need help and some guaidance. I plan on moving out of my parents house and have been thinking about starting off with rentals or "house hacking" but I am unsure if that is the route to go.? Any experts or those that have struggled initially can you please share your experience and advice on what I should do to get the ball rolling. I really want to succeed in real estate investing. P.S. I am saving money too.
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Starting with wholesaling is a good approach. You need to find buyers before you look for sellers. Check out you local real estate investing group. Also, this site has flippers on it that may be interested if you find the right property. But it's a numbers game.
You should also look at sound some lease options. Still looking for motivated sellers but the exit strategy can be an assignment or hold for the Lease Option period.
I have done over 100 deals without any of my own money and credit so you dont need funds to start.
The other thing you can start doing is start looking for money partners to joint venture with.