How to fund first deal

[Benjamin Z. Pickens]

Looking for some advice. I would like to begin my career in real estate investing. I hear a lot about using other people's money to get started. However, there is a lot of information stating that I can't expect to be given money with no experience and bringing nothing to the table. 

Funding is the only thing prohibiting me from getting started. DTI is ok and I have a good relationship with my local financial institution. However, I have no savings and it would take quite a while to save 20% for a decent property.

Has anyone else been in this situation? Looking for advice on getting funding to get started. Thanks.

[Kenneth Garrett]

@Benjamin Z. Pickens

A couple of things:

Attend Real Estate Investment Meetings (REIA), meetups, etc. Connect with other people who are interested in the same thing. Networking is how you find other peoples money. You may need to partner on the first one or two to build your credibility. Partnering is a great way to start. Make sure if you partner the agreement is in writing. Use an attorney to draft the document. The key is networking.

Good Luck.