That is what I think too. Besides $400 a month is enough to get started with bandit signs and a website. From there it is more time than money to put ads on Craigslist, and to increase traffic to your website the organic way, and to put out your signs consistently. You can post bird dog ads for free on craigslist too. You can get 250 business cards for $20 and start networking with friends, neighbors, everybody and anybody. You can network with people at your local REIA to find buyers. You can call FSBOs and FRBOs. And if you don’t know what to say, how to analyze the deal or what paperwork to use, that information is all available free on the internet. And if you don’t know which title company to use, just ask around at the local REIA, you will get plenty of recommendations.
As newbie, you are looking for your first deal, not to start a wholesaling empire overnight. Besides, I have always found that scarcity breeds creativity. Writing a check to a mentor is easy. But scraping together something from nothing because inaction is unacceptable and failure is not an option, that’s real motivation.