How To Get Started In Real Estate With Little Or No Money

I’ve been asked many of times did you win the lottery?How much money did you have to invest?

Do you get loans from the bank? What I will tell you is, investing in Real Estate is simple all you need is hustle, & consistency. To get started with little or no money your best option will be is to wholesale. This is one of the most powerful tools in real estate to build capital using none of your money or credit. This requires the most work but the reward is well worth it. Wholesaling is when a motivated seller & you the wholesaler sign a contract that you will buy their property for X amount of dollars then you assign the contract over to another buyer for more then what you have the previous contract for with the seller and you the wholesaler will receive the difference after the deal closes. Heres where your hard work begins on finding motivated sellers. There’s multiple things you can do to find them weather you are trying to spend a small amount of money or no money. My favorite tool is driving for dollars. Driving for dollars aka D4D is when you the wholesaler drive around for maybe a couple hours selecting properties and writing down addresses that either look vacant, tall grass , or needs repairs. These meet the criteria of a most likely motivated seller. Make a list of at least 30 properties a day , once you got your list now it’s time to contact these prospects. You can door knock them which costs no money, you can skip trace using various sites which I refer you to use is white pages being the cheapest $20 dollars a month for 200 contacts. If no answer send them a hand written letter which will only cost you a few cents to send. Now you play the waiting game, once you finally get a seller under contract now you need a title company call around and find which one of your local title companies will do an Assignment Contract. After finding a title company now you will need a cash buyer to buy your contract. You can post it on your local Facebook buy & sell page. You can also find them at your next local Real Estate meet up, or find another wholesaler that already has cash buyers and do a 50/50 split which is called a Jv agreement with them. It’s better to make some money then no money especially on your first deal. Now that you received the basics on how to get started in Real Estate it’s time to take action and get your first deal closed. To learn more about wholesaling you can reach out to me anytime, or visit YouTube & research Maxx Maxwell. I will see you later at the top!!!