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.
First-Time Home Buyer
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 over 2 years ago on . Most recent reply

User Stats

65
Posts
24
Votes
Cameron Fowler
  • Real Estate Agent
  • Indianapolis, IN
24
Votes |
65
Posts

Suggestions for What to Do Next

Cameron Fowler
  • Real Estate Agent
  • Indianapolis, IN
Posted

I am at the point right now of trying to reach out to agents and other investors to learn more about various strategies but I feel as if I am almost stuck in this spot. I do not have enough money to buy a home or even a down payment. I am thinking my next steps are to try and find private lenders that have no strings attached with their money. I am honestly not sure I just want general information from experienced people on here and if you were in my shoes where should I go next?

Most Popular Reply

User Stats

5,409
Posts
2,575
Votes
David M.
  • Morris County, NJ
2,575
Votes |
5,409
Posts
David M.
  • Morris County, NJ
Replied

@Cameron Fowler

Not to dissuade you, but I see on your profile you want to "...pursue a career in real estate."  You do realize that "real estate investing" isn't a career?  Its not a job.  Its the difference between any individual investor who buys stocks and working on Wall Street for the likes of Goldman sachs, etc actually trading and analysing stocks for a living.

For investing, you need to use assets that you have, and honestly could afford to lose.  Keep working on your studies and find a good career.  You don't hear about the high income individuals because they have no need to "advertise."  I think the ones who "make it" publish books and charge for their mentorship because they have an attractive story and want to make more money.  Of course, anything is possible.  But you need to separate truth from reality.  For example, I think we'd agree that its true that you'd make oodles of money as a professional athlete (at least males).  But, the reality is its extremely unlikely that one will be a professional athlete.

Yes, build up your cash.  Keep networking.  Get a solid income so that you can afford cheaper conforming loans instead of paying oodles for private money.  Keep learning about the various aspects of real estate (there are many facets, just look at the various posts on BP and you can see many of the stumbling blocks).  Plan ahead and chart your course.  as its been said, invest in yourself first.

Yes, there are strategies for "investing with no money."  But, they are very risky.  

If you want to pursue a job in real estate, do you want to do sales and become an agent?  You could do the standard residential real estate agent.  Or work for a commercial brokerage?  Lender?  Appraiser?  I believe there are a myriad of other real estate related jobs out there, such as a staff position with a developer or larger investment firm.

Loading replies...