How To Start Investing In Real Estate With Little or No Money with Raul Bolufe

Raul Bolufe is the co-founder of Capital Rise Investments and wholesales over $12 million worth of real estate every year. He quit his job 7 years ago in a thriving family business to become a real estate investor with no prior knowledge, no established network, and very limited funds.

Key Talking Points of the Episode

[01:26] Who is Raul Bolufe?
[02:54] What is Raul’s background?
[04:51] How did Raul start investing in real estate?
[06:52] What helped Raul get his real estate investing career started?
[08:11] How did having a mentor help Raul? 
[12:30] How do you know what interest rates to pay?
[15:36] What advice does Raul have for dealing with paperwork?
[17:25] What is Raul’s advice for people who want to get started in real estate investing?|
[18:40] Where can you find Raul’s content?

Quotables

“If you really have 000, that’s okay. I would just go out there and find a deal, and go to meetups and learn how to find that first deal.”

“That’s what really, really took me over the edge - that 1-on-1 attention for a couple of months.”

“Honestly, the education, the $5K I paid to my first mentor was far more profitable.”

“Unfortunately, when you don’t have the money, whoever has the money makes the rules.”

“If it’s crazy, it’s just because you’re not finding a profitable opportunity. If you’re finding an opportunity that only makes you 10% and you’re scared to pay a lender then you’re in the wrong deal.”

“When I was starting, I thought that higher means better always, but pretty much above 14% in my experience is weird.”

“If you go too high, then you kinda get into that scammer range, so I think 8-12% is a sweet spot for hard money lending.”