Side Givs For More Income And Get Investing Experience

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Side Givs For More Income And Get Investing Experience

Jaclyn Manion
Tulsa, OK · Member since 2021 · 6 posts · 1 vote

Hey guys. So I’ve gotten some tips that I need to save up more before buying my first property as I only have about $6k and my job alone would take a while to get where I want financially before investing. I’ve been advised to get a side gig to help make a little more a little faster while also learning more about real estate in the process. I’d love to, the only problem is I don’t know where to start. I don’t know any real estate agents in my area to reach and didn’t find anything on websites like Indeed. Any tips or websites/places I can visit to look into an opportunity like this? Anything helps :) thank you!

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  • Curt Smith
    Rental Property Investor · Clarkston, GA · Member since 2012 · 2k+ posts · 1k+ votes
    5y

    Hi Jacklyn,  I believe the generic advice of "get a side gig" to earn your down payment money means (today);  drive for uber, door dash, find a few local elderly who don't want to go shopping and be their helper/shopper.  There's orgs for serving the elderly.   Be a dog walker.   I just googled "side gig" and theres a few pages of reading.

    Yes they are all fairly manual, driving your car etc.

    Having been in the investing side for 10 yrs now I actually don't know side gigs IN real estate.   You may not know that with the sever shortage of houses to sell theres a lot of zero income agents these days.  The agencies have plenty of low paid help.  But it doesn't hurt to pick up the phone and start calling local offices.  "Take action"!!

    There's a general adage that rings true:  "Do what others won't".    Which is where delivering food comes in, folks will pay for all sorts of services and today there's some organization that is managing those gigs in your area.

    In parallel;  start studying, reading, networking in your local REIAs (where the experienced folks hang) on creative deals.  Zero down.  BP has at least one book.  Youtube has many educators on creative deals that take less cash (and more knowledge and network of experts to help you).

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  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    5y

    @Jaclyn Manion

    You CAN buy a property with $6000 down, but it probably won’t be a choice property.

    Private Mortgage Financing Partners, LLC
    WebsiteView Page
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