Hello, I am in the process of starting my LLC and need a good amount of money as I am interested in Real Estate Development. I am partnering with my Mom and would like to leverage her credit as she has a 790 Credit Sc...

Outside of real estate, I have spent the last 10 years as an executive in startup technology companies and am currently working on launching an executive coaching practice.

Hi BP, I've been looking for my first deal and I have very little startup capital, so I'm looking to rehab with investor money, then cash-out refi to pay them out and keep the property as a rental (Brandon's BRRRR strategy).

My question is, now that I am trying to save some money and watch my debt to income ratio, what are some of your opinions on buying new, leasing new or buying a cheap used vehicle, and which option might be best for a new investor looking to put away some start up capitol?

I have looked at the bronx too and you need a good amount of startup . like 500k and higher. any lower is just in bad condition and not worth the hassle and most have tenants that don't want to leave so it's just a mess. good luck with all that. the good thing about it is I know people with small building and I tell them not to sell hold on to that forever lol

I'll be a full time real estate investor.I'll have approximately $300k start up capital.

After reviewing some of the start up materials, I think I want to hire someone to help me with set up and in general ramping up my use of the product.  

The initial start up of your crews will be a hassle and time consuming to find the right people.

I set aside about 60k in start up capital and also another 20k as a cushion for living expenses until either I was completed with my first BRRRR or possibly flipping would be a better option.

I've heard some investors say that wholesaling is the be all end all of starting out in real estate with no startup capital, while I've heard others shame it as being underhanded.Would you consider it underhanded to go out and find motivated sellers, negotiate a deal, and sell that deal to an investor with the capital (at a good discount, obviously, I wouldn't offer another investor something that they couldn't make at least $20,000+ on) or would you consider it a prudent way to get familiar with the markets and networks, with minimal asset liability?