Property Manager · Shelbyville, IN · Member since 2014 · 303 posts · 161 votes
The more I'm on here, the more I see/hear/smell that people want to get into RE with no money to start with (I understand wholesaling can be a start) or want to have 79 SFRs in 24 months (that's the bigger problem). It's fun for someone like me to help get creative.
Everything is possible, and I'm a positive/creative thinker. If there's a will there's a way. BUT if you want some advice, please know it doesn't happen overnight, it can take time, knowing people helps, trusting people helps, and know, you live and die by the phrase:
"You make your money when you buy, not when you sell."
"Don't lose all your soldiers in one battle."
Otherwise, it'll be timing, and knowing the right person that will get you your first few deals. And don't expect great returns like what you read about if you're getting into something with none of your own money or actually finding 75 deals in 24 months. You'll burn up faster than a cigarette in the mouth of of a junkie getting questioned on Live PD.
Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
6y
You're absolutely right. Unfortunately, there's a lot of appeal in "get rich quick." It's far more appealing than either "get rich slow."
It'll go faster if you're dedicated and committed to success. If you work on your real estate business every day, it'll grow faster than if you do not.
Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
6y
You're absolutely right. Unfortunately, there's a lot of appeal in "get rich quick." It's far more appealing than either "get rich slow."
It'll go faster if you're dedicated and committed to success. If you work on your real estate business every day, it'll grow faster than if you do not.
Investor · Greenville, SC · Member since 2016 · 5k+ posts · 13k+ votes
6y
Real estate has a low barrier to entry; so, there has been and will always be those looking to get rich quickly. And many did get rich quickly after the crash...which creates unrealistic hope for another similar historic opportunity and unwarranted confidence that we will pull the trigger when the market is in chaos.