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Updated almost 10 years ago on . Most recent reply

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Brennon Williamson
  • Event Services
  • Orlando, FL
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Another Excuse

Brennon Williamson
  • Event Services
  • Orlando, FL
Posted

Hey all, i'm 19 and a sophomore here at the University in Central Florida and want to get started in the flipping business, but I have the same excuse as everyone else - no money. It seems the best/only route for me to go would be a private lender or hard money since a bank would most likely laugh in my face when asking for loans for this type of business, especially at my age. Can anyone assist me in finding different ways to raise enough capital to start investing, or know where I could start looking? I don't want to be blindsided by a high class investor who would take advantage of my lack of knowledge to make him more rich and make me worse off than I currently am, which I know happens all too often. 

Thank You!

Brennon

Most Popular Reply

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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,792
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28,808
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied

Nothing wrong with going out and getting some W2'd income. Have to walk before you can run.

A great way to get started is an owner occupied multi family.

3.5% down, let your tenants pay your mortgage.

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