Investing with little to no money

[Jarrod Cuyler-thomas]

Good evening all. I am new to the real estate investment and would like advice on the best way to get my fist rental property with little funds. I want to purchase property and rent it out.

[Jay DeCima]

Jarrod

NO MONEY - TRY SOLVING PROBLEMS

After 40+ years and 200+ of my own rental homes in Northern California, and teaching on his subject for 30+ years here are some things I did or recommend to my students over the years (most of these students did not have a boatload of cash to begin, but they learned my kind of investing).

Let’s assume you wish to acquire income or profit-producing real estate with very little money and using what you can contribute, mainly time and personal effort. We’ll also assume you have the time and are willing to provide your personal labor. In other words, you are ready to go, right now! What kind of property might you expect -to !purchase without a cash down payment? Here are some I suggestions to help you decide:

A. Out-of-town owners who are not paying attention to what goes on at their rental properties.

B. Owners with financial problems.

C. Family problems (divorce, death, lifestyle change).

D. For-sale-by-owner ads (all newspapers).

E. Owners who have lost jobs and can’t pay their bills.

F. Elderly or disabled.

G. Inherited property owners-easy come, easy go men­tality.

H. Owners who advertise lease-option or even houses for rent. 

I. Job transfers: owner moved, now has two house pay­ments.

An important point to remember is that people don’t always tell you what their true motivation is. An owner who advertises a property seeking a lease-option could easily be searching for a way to rid himself of managing a property he can’t sell.

“The one common experience of all humanity is the challenge of problems.” – R. Buckminster Fuller

Good luck.

Fixer Jay DeCima