Hey welcome to BP pick up the book here on BP by @Brandon Turnernamed "The book on investing in Real Estate Low and no money down" this will teach you a few different ways to get involved with little or even no money . Hope this helps. Good Luck

@Duke Vang Hi Duke Have you ever considered looking at wholesaling properties? A good way to get into real estate without any funds. You can also see if you can manage any rentals for investors. Some states require you obtaining a license, but if you have the license, a good low barrier of entry to make some money and get experience. Continue to learn and surround yourself with people in the business Good Luck Gino

Look into wholesale. That can be done with little to no money but will take time and effort.

dont overextend your self. there is a right time for everything. if you dont have money, take the time to learn as much as you can.

@duke vang You can meet a lot of Sacramento Area wholesalers at the Summit at the Guild on Feb 27th. You'll also get a chance to meet Brian Burke who's done everything under the sun. Hope you can make it.

@Duke Vangthere are videos on youtube saying "how to wholesale houses" . you can listen to those. biggerpockets has podcasts about it also. The basics are you find someone who will sell a house at a discount because of the condition of the home or some other special situation like death or divorce. Put the house under contract for X amount then add a fee to it and find an end investor who will pay that amount. You keep the fee for your work. You can search for vacant homes, put up bandit signs where allowed. look for code enforcement homes, etc for your list of distressed homes.

@Duke VangYou wont be able to get a FHA or conventional loan until you can show 2 years of income. I would suggest going the wholesaling route until you build up enough capital to do a fix n flip or save enough for a down payment. Wholesaling will take a lot of work just because good deals are hard to come by but it will help you develop a skill to be a good realtor. Go find a motivated seller and the cash buyers will follow.

Sound like your in limbo,make a choice and deticate and focus. You sound bright. Utilize BP,Amazing People and Great Knowledge Here. No better place. Great Luck! Aaron

Being new gather all the information you can and start creating a mental filing cabinet. My moto is....Be So Curious That People Thing You are A Thief. Franklin

I suggest you find groups to invest with. Make sure you have fun with what you do and surround yourself with people that are the same that way.I suggest you be open to loss and even look for it. Not only is loss a way to learn it is a way to save $ on taxes. Buying into Real Estate groups &/or seminars are good if you feel comfortable with it but not if you aren't. Being ok with walking away from groups & individuals or just tolerating them is also something to expect/experience.I suggest REI groups. They are easy to find on Facebook & most are free to get into or very low cost for knowledge/networking. I also suggest my main goto for learning marketing, law, taxes, etc.Good advise from Paul. Make sure you have fun....I think someone said that but I forget. :)

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Updated almost 9 years ago on 02/18/2016. Most recent reply

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Duke VangPoster

Sacramento, Ca

Starting Out

How to invest

Duke VangPoster

Sacramento, Ca

Posted February 17, 2016 13:32

My introduction. I just got into being a real estate agent intern and I like it and all but my main focus is home investment. I will be getting my license in summer 2016 and will start to help anyone buy/sell their homes. I got into this because I want to know all the laws, rules and regulations there are for a home investor. I would like to start investing as soon as I can. One little problem is, how do I start to invest with no money down or OPM? I know there's the FHA but I'm currently unemployed and currently a student in Sacramento, California. My credit is good. I like to know the first step to it.

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