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Updated over 8 years ago on . Most recent reply

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32
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11
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Cody Blackburn
  • Columbus, IN
11
Votes |
32
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Is 11k enough to start investing?

Cody Blackburn
  • Columbus, IN
Posted
I'm senior in high school and have a little over $11,00 in my bank account. Id love to get into the real estate business as young as I can! Any suggestions on how I could start? Thanks

Most Popular Reply

User Stats

43
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25
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Doug Watts
  • Investor
  • Austin, TX
25
Votes |
43
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Doug Watts
  • Investor
  • Austin, TX
Replied

Use your money for marketing and get a deal yourself at 70% of ARV. A hard money lender will finance the whole thing and you should only have to come out of pocket a couple grand to make it happen. Work a deal with your contractors to pay some of them a little late and use some of the money you get from your construction draws to make your monthly payments. This is how i did my first deal! Make it happen!😉

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