Feeling stuck- Starting out

[Justina R.]

Hi  everyone, 

I have been reading books, blogs, attending webinars for about 3 months now. My goal is to buy my first property by year end. I obtained pre approval for an investment property and talked to a real estate agent to set up automatic alert for properties. But at this point, I feel stuck. I don't have cash set aside for down payment or closing cost. Even if I found a potential good deal, I can't make an offer; not enough cash. 

I don't know what my next step is. I'm not interested in being a wholesaler. I analyze properties on daily basis, but that is all I do at this point. 

Did anyone start an investment career with no cash? 

Thanks

[Christopher Giannino]

Can you cut down your current monthly expenses to be able to start saving?  Can you switch to a new job where you'll make more within the same industry?  Can you pick up a second job somewhere and use that income to save for a down payment/closing costs?  Can you sell some items you own that you don't "NEED" or use anymore?  Can you use some/all these strategies mentioned above to save and earn more money?

You can also try to use creative financing to get you a deal, although I feel like that might be harder then some of the things mentioned above.  Best of luck!