Hey fellow BP'ers, Im a newbie to real estate in Richmond, Virginia. I want to get involved in real estate, but I do not have a lot of start up money to invest. Any suggestions on how to get into the market? Thanks!
Welcome to bigger pockets! Not having enough funding for a project is one of the biggest hurdles for new real estate investors. As you may already know or will come to learn, real estate investing is a lot of handling other peoples money. One of the best ways I have found to fund projects is through private money lenders. There are tons of people out there who have boat loads of cash, sitting in a bank depreciating. Instead, you can offer them a great way to get a return on their money. The hard part is finding these private money lenders. Recently I listed to a podcast that covered this topic in detail. I would recommend you listen to it. Hope this helps!
Hi @JIm Simmons
Welcome to the site from the west end! I would also check out the Bigger Pockets book on low/no money down investing. I believe you can find it under the resources tab under "store". Haven't read the book yet, but I've listened to all the BP podcasts and the guys do a great job gathering info and relaying it in an easy to digest for beginners fashion. Best of luck and feel free to reach out and talk shop!
I almost forgot!
Jon has a good point, Brandon Turner just wrote a book on this topic. Check it out!
Hi Jim! Welcome to the BP Investing Community!!
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