I Need Help

[James Martin]

Good afternoon, my name is James and I am super interested in getting into the world of real estate. My short-term goal is to buy a house and rent it out so that I can begin the snowball. 

Unfortunately, I don't have the capital. What should I do? Do you have any ideas? I'm up to anything. Seriously. 

Thank you

[Kevin Sobilo]

@James Martin, a couple thoughts:

1. Any kind of investing requires you to "input" something. Many times that is money/capital, but it could also be work and/or specialized education/experience. You have to "invest" something in order for it to grow. 

2. Since it doesn't sound like you have any specialized knowledge/experience and also lack capital/money, I suggest working on both of those things. 

3. Perhaps take the classes required to become a real estate agent to start learning. You may or may not choose to get your license as an agent but nobody can take the knowledge you gain away from you. 

4. Attend some real estate investor meet-ups in your area. Maybe a local investor can use your help. They might live outside the area and need someone as "boots on the ground" to do some tasks. You might be able to make some $$$ and get some experience as well. 

5. Everyone wants to do things now, but it probably isn't realistic to jump into something right away. Even if someone guided you towards a strategy to acquire a property without much capital, what would you do when an issue came up with a tenant or the property?!? You have to walk before you can run. 

6. A hallmark of successful people is "delayed gratification" meaning sacrificing now knowing you will be able to have more of what you want later. So, even though you want a property now you are probably better off sacrificing and putting in the work to save $$$ and gain some knowledge and experience to help you be successful first.