Updated 7 months ago on . Most recent reply
Please Help Me Help You
First, I’d like to thank everyone who takes the time to read my post and offer support or advice in any way. I truly appreciate it — I know time is valuable and life is short, so your attention means a lot to me.
My name is William Hollen, I’m 31 years old, and I live in Altoona, Pennsylvania. I currently work in the construction field for a small company where we specialize in home rehabs — mainly porches, siding, and roofs during the summer, and interior remodels in the winter. I really enjoy construction, but a few months ago I started exploring real estate because I want to invest my time and money into something that offers the potential for passive income.
I’ve done a lot of research, and the strategies that interest me most are Subject-To, Seller Financing, and the BRRRR Method. Right now, I don’t have a lot of capital to invest, but I understand that it’s still possible to start in real estate with little to no money as long as you have the right knowledge and resources. I also realize that as someone new to the field, I’m bound to make mistakes along the way.
One thing that makes me nervous is not knowing exactly what to do or say when I finally get a “yes” from a seller. I’m also unsure about certain costs such as entry fees, attorney fees, and holding costs. Despite these concerns, I’m determined to take action and start making deals as soon as possible. I’m motivated, eager, and willing to put in the work to make this happen.
Since I’m new to real estate and working with limited funds, I believe wholesaling and bird-dogging are my best options to get my foot in the door. These strategies will allow me to build some capital and experience, eventually partnering with other investors to own properties and generate true passive income.
If anyone is willing to help — whether through wholesaling, bird-dogging, or even partnering with me on my first deal — I would be incredibly grateful. I just need some guidance and direction, and I’m confident I can become a valuable member of this community. I’m excited to learn, grow, and eventually help others who find themselves in the same position I’m in today.
Most Popular Reply
Hello William, welcome to the group. I believe you are in a very good position to invest in fixer upper being your construction background. I tell you personally, and I can confidently say many investors’ biggest hurdle, is finding good GC to work on properties. You yourself must know this from own experience. Many won’t start without a 20, 30 or 40% down, then there are delays unexpected change orders, etc.
As a handyman you would be best fitted to purchase a fixer upper and act as your own GC to repair the property. There are many lenders in this forum that will finance the whole rehab, and 80% of the purchase price.
Now what about the remaining 20%, if you don’t have the capital your best bet is to partner with an investor and the share that you will provide is your labor. I think that is how you need to focus strategy. By the way some of the properties you work on may be from investor’s themselves, get familiar with them, exchange information and pitch them your partnering services after you have completed the work for them. If you have provided a quality work at an quick pace you will have already won their trust.