How should one start buying properties with little or no captial

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How should one start buying properties with little or no captial

Malik Bradham
New york city, NY · Member since 2017 · 4 posts · 0 votes

I really want to get involved in real estate investing, preferably buy and holds, i have a full time job making close to 6 figures. What are some things I can do to, at minimum, start getting my foot in the door? I don't have a whole lot of extra cash to buy a house yet... What are some ideas? Through the BiggerPockets podcasts, I've heard about seller financing, and financing houses with other peoples money, but I feel like that'd be a little difficult as I have no track record. So please, if you have anything to add, I'd love to hear it.

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Bob Okenwa
Real Estate Agent/Investor · Peoria, AZ · Member since 2016 · 2k+ posts · 2k+ votes
9y

You can get started with wholesaling as there are a fair amount of individuals that get started that way as the cost to entry is substantially lower than other means of real estate investing. You can also meet up at REIA's and offer to work for free for experienced investors so you can pick their brain and gain a better understanding of the whole buy and hold process until you have enough capital to get started on your own. House hacking is also a good way to get started and doesn't require a ton of capital unless the home you are purchasing is really expensive.

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  • Ryan Detig
    Nederland, TX · Member since 2016 · 109 posts · 92 votes
    9y

    @Malik Bradham  I recently wrote a post (with great comments from other BP members) that discuss this question.  Please feel free to check it out. Click Here  

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  • Bob Okenwa
    Real Estate Agent/Investor · Peoria, AZ · Member since 2016 · 2k+ posts · 2k+ votes
    9y

    You can get started with wholesaling as there are a fair amount of individuals that get started that way as the cost to entry is substantially lower than other means of real estate investing. You can also meet up at REIA's and offer to work for free for experienced investors so you can pick their brain and gain a better understanding of the whole buy and hold process until you have enough capital to get started on your own. House hacking is also a good way to get started and doesn't require a ton of capital unless the home you are purchasing is really expensive.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    start by saving some funds.... if its buy and hold... keep your ear to the ground you will find something.  wholesaling is a JOB. that takes a lot of time to be good at... 

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  • Paul Bowers
    Real Estate Investor · Macedon, NY · Member since 2016 · 251 posts · 290 votes
    9y
    You may want to start with Brandon Turners book on the subject.
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  • Malik Bradham
    OP
    New york city, NY · Member since 2017 · 4 posts · 0 votes
    9y
    Ok thanks for info i wanted to ask is there any social clubs i can join to meet other REI's  i did join meetup.com and i will be attending a few different seminars 

    Originally posted by @Bob Okenwa:

    You can get started with wholesaling as there are a fair amount of individuals that get started that way as the cost to entry is substantially lower than other means of real estate investing. You can also meet up at REIA's and offer to work for free for experienced investors so you can pick their brain and gain a better understanding of the whole buy and hold process until you have enough capital to get started on your own. House hacking is also a good way to get started and doesn't require a ton of capital unless the home you are purchasing is really expensive.

    0Reply
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