Advice for some newbies?

[Jessica Schenk]

Hey everyone! My husband and I are new to BiggerPockets and learning about real estate investing. We have bought multiple books and listened to podcasts and we want to match all of our learning with legit actions. What has resonated with us the most is using the BRRRR method to acquire rental properties and building our portfolio that way. Only problem is we're in our early twenties (23 and 24) And we don't have a big stack of cash sitting around. We're trying to learn some ways we can actually start instead of feeling like we don't have the capital so we're limited for the next 5 years.

We’ve thought of doing some small scale flips/wholesaling to gain capital or using a hard money lender for our first BRRRR project but aren’t sure if financing the first property is the best route. Any advice or outside tips for taking action within our means right now?

[Simon W.]

Welcome to BP. It really depends where you are located and how much capital you have. You don't need a lot of cash to get started. Wholesaling isn't easy like how the books made them out to be. If you both have a steady job, then you can try to go for a FHA loan and hack the house that way.