Beginner Investor with questions

Las Vegas, Nevada
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Beginner Investor with questions

Tara Witherbee
New to Real Estate · NV · Member since 2025 · 20 posts · 20 votes

Hello All!

So, I'm a beginning investor and I have questions. The one I have at the moment is, is there a way to find potential partners to do business with in doing long term rentals? I'm thinking about doing a duplex and making passive income, but I also know that it takes a lot of work. My personal end goal, of course is to have it hands off. I'm ok with paying other people to handle what needs to get done. But I feel like it would be a bit easier having someone you can trust as a partner to help build it. So, I don't know if there is a specific forum for that or ??? Any ideas? Also, I don't have any money of my own to get started with a duplex, but I know there are other ways of going about it. I also don't want to use my credit, either, but I'm not sure how obtaining the funds for a project like this would go? Theoretically, can you pay off a loan with whatever income you get with the said duplex? That's another thing I'm trying to figure out is how to pay the money back. Any guidance or advice would be greatly appreciated! Thank you all, and have a Beautiful Day!

Sincerely,

Tara

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Bryce JamisonPro Member
Rental Property Investor · Mebane, NC · Member since 2015 · 494 posts · 439 votes
1y

You sound like you're still trying to figure out what potential strategies would be right for you. I'd recommend spending at least 6-12 months educating yourself through websites likes this and its family of books and podcasts, other real estate podcasts, books at the library, and local meetups. After this time you'll know what strategy you want to deploy, and may have the confidence and knowledge to do it without a partner

This can also provide time to pay off any consumer debt, save an emergency fund, and start saving for a property as needed. This time can also be spent learning everything possible about your target market using websites like Zillow.

I wouldn't advise a partnership, but even if you wanted one given your lack of experience or capital it may be difficult to. From a business perspective, what are you offering that would make an experienced investor want to take on the risks and extra work of showing you how to do what it took them years to learn?

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  • Bryce JamisonPro Member
    Rental Property Investor · Mebane, NC · Member since 2015 · 494 posts · 439 votes
    1y

    You sound like you're still trying to figure out what potential strategies would be right for you. I'd recommend spending at least 6-12 months educating yourself through websites likes this and its family of books and podcasts, other real estate podcasts, books at the library, and local meetups. After this time you'll know what strategy you want to deploy, and may have the confidence and knowledge to do it without a partner

    This can also provide time to pay off any consumer debt, save an emergency fund, and start saving for a property as needed. This time can also be spent learning everything possible about your target market using websites like Zillow.

    I wouldn't advise a partnership, but even if you wanted one given your lack of experience or capital it may be difficult to. From a business perspective, what are you offering that would make an experienced investor want to take on the risks and extra work of showing you how to do what it took them years to learn?

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    1y

    Reality is RE is a capital intensive venture.  No capital or Credit .. then being an investor is not really in the cards to start with unless you have close relatives that will give you seed money and sign on loan.. U cant expect strangers to do this for you.

    My suggestion in the FWIW file is to get into the game by earning money in the RE field.

    you can take a RE license course for a few hundred bucks this will give you the vernacular so at least you sound like you know what your doing when talking to folks.

    And if you get a license there in Vegas you could work as a leasing agent .. I have a friend that does time share downtown and she kills it financially speaking. You could work as a licensed assistant.. Also look at being a transaction coordinator for a lender or RE broker you can do those from home.

    Get in the game there is only so much your going to learn on line and with books.. To me and my style of learning is I have to do it.. stumble through until I earn the knowledge.

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    1Reply
  • Alan F.
    Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
    1y
    Quote from @Tara Witherbee:

    Hello All!

    So, I'm a beginning investor and I have questions. The one I have at the moment is, is there a way to find potential partners to do business with in doing long term rentals? I'm thinking about doing a duplex and making passive income, but I also know that it takes a lot of work. My personal end goal, of course is to have it hands off. I'm ok with paying other people to handle what needs to get done. But I feel like it would be a bit easier having someone you can trust as a partner to help build it. So, I don't know if there is a specific forum for that or ??? Any ideas? Also, I don't have any money of my own to get started with a duplex, but I know there are other ways of going about it. I also don't want to use my credit, either, but I'm not sure how obtaining the funds for a project like this would go? Theoretically, can you pay off a loan with whatever income you get with the said duplex? That's another thing I'm trying to figure out is how to pay the money back. Any guidance or advice would be greatly appreciated! Thank you all, and have a Beautiful Day!

    Sincerely,

    Tara


     I sincerely recommend you pay attention to Bryce and Jay's advice. Even people who learn from books, videos etc need to be "in the trenches". Jay's suggestions are really great, since you could be payed to learn and get exposure. To add, maybe go to some meet ups and engage with others. Be careful with those seeking on-line partnerships too. 

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  • Tara Witherbee
    OP
    New to Real Estate · NV · Member since 2025 · 20 posts · 20 votes
    1y

    Hey all,

    Thank you Bryce, Jay and Alan! I truly appreciate all of your feedback and it gives me a lot to think about. I do know I have A LOT to learn, that's part of why I'm here. It helps me to hear those who are there or who have been there to help people like me and guide us on this path. 

    So thank you! Have a Great day!

    Sincerely,

    Tara

    1Reply
  • Kerlous TadresBusiness Member
    Realtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
    1y

    Hey Tara, I’d suggest connecting at local meetups or through online real estate forums like BiggerPockets. Having someone you trust can make a big difference in building your portfolio. As for funding, if you don’t want to use your credit or personal money, consider private lenders or hard money loans. You could also explore seller financing or other creative financing options. Paying off the loan with rental income is definitely possible, but make sure the property’s cash flow covers all the costs involved.

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  • Tara Witherbee
    OP
    New to Real Estate · NV · Member since 2025 · 20 posts · 20 votes
    1y

    Thank you, Kerlous Tadres!

    Those are also some of the things I'm looking into as well. Of course, I prefer to be prepared when going through anything like this, so I'm trying to gain as much knowledge as possible so I can make the right decision when it's time. I truly appreciate your feedback, so thank you! 

    Have a Great Day! 

    Sincerely,

    Tara

    0Reply
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