Originally posted by @John Colin Rogers:
I’m not trying to live off a 6,000$ investment. And I did not leave a seminar and suddenly think I’m some real estate guru. I’m try to find a financial connoisseur that has ideas on how to turn 6,000 dollars in 10,000$ or 10,000 into 14,000 with different niches they have experienced. Some one that understands the Atlanta / Northwest Ga real estate market where you can find real estate fairly cheaper then in California, Texas, and other densely populated places where the cost of basic essentials ( water , heat , power) exceed other states. You guys aren’t helping me be creative. I understand you guys have ideas for the long term but how can I generate cash now even if it’s not a huge pay out.
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John, don't let them get you down. Some people forget where they came from, and some have never known what it is like to want. I see a lot of arrogant people on this site, but there are a lot of good ones too.
I recommend you find some partners you can trust since your resources are limited. Keep building your resources and keep your expenses down.
Get a couple wholesale deals and work your way up. You can't do flips without resources unless you are wholesaling. Every deal teaches you more. But first you need a little more cash, so how do you get there?
Keep in mind there are others things you can flip to make easy money. For instance, I bought a stove on Facebook buy/sell trade groups yesterday for $60.00 and turned around and sold it on Craigslist for $150 four hours later. Easy $90.00. Time invested, 1 hour. Used furniture and appliances sell wonderfully, especially in low income areas and landlords love cheap stoves and refrigerators. There are money building opportunities everywhere you look.
What are your talents? What are you good at? What are you really knowledgable about? How can you capitalize on that? How can you turn your talents into money? This is rich dad thinking and that's why they don't get it. Stay in the right quadrant.
There are a lot of people that would love to ride in that camaro if you became an uber of Lyft driver. Fancy cars drivers make a lot of dough on there. Make that car earn its keep.
Start building your cash by using your money and resources to make money.
Think of other legal ideas to make that money you have work for you, and before you know it, you will have lots more to make more serious investments.
This will not happen overnight but know you are getting there.
I love your ambition; you are a young shining star that is doing more than just sitting on the couch. I respect that!
You can do this! Cheers!
Lisa
