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Updated almost 11 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Harold H.
  • Renter
  • Lawrenceville, GA
1
Votes |
6
Posts

Tired, No money. Yet ready

Harold H.
  • Renter
  • Lawrenceville, GA
Posted

Hello all,

I have established my team: Contractor, Marketer, Agent, Landscaper. I have also started my business plan, and now I am tired of sitting on the side-line and ready to look into getting my first property. So with all that I would like to know "How do I go about getting my first Property? Oh I forgot to mention I "DO NOT" have any money nor will I qualify for a loan. 

I have a bankruptcy of 3 years now. Any advice will be greatly appreciated. I am in the Atlanta, GA market.

Harold F. Hawkins

Most Popular Reply

Account Closed
  • Investor
  • Sunnyside, NY
114
Votes |
355
Posts
Account Closed
  • Investor
  • Sunnyside, NY
Replied

Great blog post by @Joshua Dorkin 

http://www.biggerpockets.com/renewsblog/2014/08/30/simple-action-millionaire/

Pay yourself first, save money. It doesn't matter how small the amount but spending less than you earn and putting money aside gives you power and you move in the right direction.

Another option is to get a second job. If you can't get into the game on your own right now, see if you can become part of someone else's team by offering sweat equity. Do you want to be a flipper? Offer your free manual labor on weekends to understand how a project flows and what is involved. Do you want to be a landlord? Work with another landlord. Help with doing get readys, help doing cleanouts after tenants leave, ask them to teach you about tenant screenings.

Those would be my two suggestions for getting started.

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