Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Marketing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

42
Posts
7
Votes
Nicola Harvey
  • R. E. Investor
  • Atlanta, GA
7
Votes |
42
Posts

Imagine yourself starting over...

Nicola Harvey
  • R. E. Investor
  • Atlanta, GA
Posted

if you had to do it all over again, and you had about $10,000  and a full time job how would you start your business? 

That's the position I am in and I am asking for guidance.  Thank you kindly!

PS I am in Broward County Florida. 

Most Popular Reply

User Stats

415
Posts
401
Votes
Tarl Yarber
  • Flipper/Rehabber
  • Seattle, WA
401
Votes |
415
Posts
Tarl Yarber
  • Flipper/Rehabber
  • Seattle, WA
Replied

@Nicola Harvey

Congrats on wanting to get into the game first of all.

Second, what will help with how to start is having an idea of where you want to end up. Do you want to be a landlord, buying and holding? Do you want to flip? Do you want to wholesale? Or do you want to do it all or whatever comes your way or makes sense?

The other question is to know exactly how much time you can TRULY commit to being in this business every week? You have more going for you then I did when I started out. I went to a seminar on wholesaling over 10 years ago, put the fees on a credit card, and had about $500 left and no income coming in.  I then went to work knocking on doors like the program said to do, long story but got my first wholesale deal and then went from there.

If I had little money to work with and no connections, I would start networking right away with other investors, REIA groups, here on BP, etc. You can start by wholesaling, commit to 10 or more hours a week in your schedule to proactively seek out properties by what ever means you can (drive for dollars, mailers, mls, realtors, signs, etc). Or you can joint venture with another active investor and use your $10k as helping pay for rehab or hard money costs depending on your market.

I am sure many other people here on BP will have great advice for you.  Many of the other investors out there would agree that we could write a novel on how to start out (like many gurus have already done).

Commit to a schedule, pick a plan of action based on where you want to end up, and get to work.  Best of luck to you!

Loading replies...