All Forum Posts by: Ezekiel Williams

@Ezekiel Williams, having capital is an important part of starting off and being successful.  There are tow ways to accumulate the capital required for a RE Deal.  

#1: (Easiest Route/ Min. experience gained) - Do an accounting for how much capital you can invest and attend a local RE meeting or network on trusted sites like BP.  Ask if there are any of the experienced Renovators/ new construction investors who would be willing to accept your accept to partner with them on a deal, in exchange for a piece of the action and more importantly the ability to shadow them on the deal;

#2: (Easy Route/ Min. experience gained) - If you do not have a sizeable amount (think between $30 - $50K) then see if there are people that you know, family and friends, who would like to partner with you as you partner with an experienced investor, see point 1 above;

#3: (Challenging Route/ Experience gained) - Identify a strategy that allows you to work in a RE Investing strategy with minimal cash outlay, such as wholesaling.  The biggest cost of wholesaling is the initial marketing.  If you have between 2-5K for marketing avenues (door hangers, post mail, print ads, social media ads, and networking memberships) you should be able to generate a few wholesale deals that if negotiated properly can put between $5k - $25K+ in your pocket per deal.  You then would have the financial backing to go out and do your own project while leveraging someone else's capital (such as mine)

#4: (Very Challenging/ No Experience gained) - Keep working and trying to save money from your W2.  Unfortunately, too many newer investors fall back in this mindset, and they can never get off the ground.  Don't become like one of these investors.  Take the risks and do something to gain some experience. Reading books, listening to podcasts, and attending seminars is NOT gaining experience. It's gaining knowledge but not experience.

Best wishes and much success in your efforts!  When you have some capital, between $30 - $50K I'm more than happy to discuss ways I can help you take your investing business to the next level here in FL.

Welcome to BP Ezekiel. I too started with a house hack 11 years ago, and I credit this forum and the podcasts for the majority of my education when I first got started. You will learn a lot here. Dedicate a few hours per day to surfing the forums and listening to the podcasts. In a month or two, you'll be ready to buy your first deal.

@Ezekiel Williams
I would definitely start with a house hack. If done right, you can live rent-free in a 2-4 unit and get into real estate with less capital. 

 Feel free to connect. I'm a cofounder of a proptech company and we get many organic RE leads. We're also looking good feedback/suggestions on our product. Cheers!