24. No cash. How do I get in?

[Chris Madden]

I’m 24 in the Indianapolis area. Truely want to get to a $1 million dollar portfolio before before 30. Currently I have no cash.

What are the best ways to get in the market with my current situation? How do I evaluate good deals vs bad deals so I don’t get burned.

[Andrew Powers]

Educate yourself by reading real estate books, listening to podcasts, networking with others. Be patient. 

Why are you targeting 1M? Is it because it just seems like a good number or do you truly need that to support the life you want... What is the life you want? Reverse engineer your goals to milestones and actionable steps you can take everyday to reach your goals. This is one of the hardest parts but once you know your "why" and your goals, you have clarity and you don't feel stuck.

If you have no cash... you need to partner up or work for someone who owns a real estate business. Look at ways to provide value. You can have money, have hustle, or have knowledge... being in your position it seems like what you can provide is hustle. Be the person finding deals, doing rehabs, property management. What are your skills and what do you like? Talk to people who would benefit from that.