Alright. I know we're in a recession, but for many people that means we're making more money than we ever have before. However, if you're just starting out and don't have a lot of moolah (yet) I'm going to give you a few ways to get started with little or no money.
First of all, if you're reading this you should know that you only want to do lease options, subject-to and wholesaling (all ways where we use other people's money and credit). We don't buy foreclosures because that means we would have to get a large private money loan or take out a mortgage from the bank.
With the current real estate market slump, there are more motivated sellers than ever before who are looking to get rid of their houses.
A lot of these are profitable deals, but at the same time, lots of them cannot be profitable dealsfor the majority real estate investors.
With this proliferation in the number of deals available on the market, most real estate investors end up with more phone calls from distressed sellers looking to sell their houses. Needless to say, most of these phone calls cannot yield any deals at all.
Have you ever wondered why some investors have more deals coming in than they can handle while others struggle to pay the bills? If you're struggling in this business it's one of two things...
- You're NOT properly educated in the 5 profit centers of real estate investing.
- You're not marketing your real estate business properly.