$1,000 start up money

[Siale Havili]

I used to be a RE agent now turned wholesaler so I understand how a small business is suppose to operate due to our office only being me n my Broker in his home office. Mailings, marketing, etc...

I have $1,000 to my name. I have 2 deals about to be in contract. One this week n one next week when the homeowner gets back from vacay.

I want to spend the money on

1. Dialer services

2. VA for Lead Admin and Lead Mngr

3. VA for Cold calling

4. Website

5. Continue my Flipster membership

6. Continue My Prop Stream membership.

Or

I can continue to work "in"my business and close a few more deals before investing some cash behind getting VA's and services.

I feel like my experience allows me to move at a faster pace as far as systemizing my whole business and to where I can work “on” my business instead of in it.

Really would help if I had some discussions with a few of you who wish they had at least $1,000 to begin with when they got into the business. Appreciate it Thanks

[Cameron Tope]

@Siale Havili I agree with @Barry Pekin - you can burn through $1,000 really quickly!

No body knows your business like you do so you'll have to determine what's best for you. 

When I started I would only spend money on things that generate more cash, nothing fancy just the minimum I needed to generate business. Then ruthlessly look at how you spend your time and eliminate all the tasks and expenses that don't contribute to getting more deals. At one time I found myself spending time and energy on stuff that wasn't bringing business in the door. That can, and eventually will, crush a business. 

Being tight on cash is actually a blessing. You'll be more thoughtful with how you spend and when you do generate more cash you'll use it wisely. 

Best of luck!