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.”