Basics All Set - 18 Year Old With No Money... What Next?

Question

OK Guys, so I got my system all set up.

My websites and newsletter system is getting my quality leads on a daily basis.

I have met a nice group of investors in my area as well and got my name around.

So my project was originally a two person plan between my father and I. However, I feel he moves a bit too slow.

But fortunately, I just turned 18 - so I know I have do some things that I wasn't able to when I was not legal, such as buy homes and what not.

So here's the rundown...

I have no money. (Like a thousand dollars)
I have no real estate contracting experience
I have no credit. (currently building it though)
I have marketing and sales experience.
I have a decent buyers list.
I am motivated to get this thing going.

I am looking for a way for me to get properties immediately and either resell them for another wholesaler or get them myself. I was thinking about doing some sort of like flex option thing I heard about, and basically marketing someone else's property at a higher price and contracting homes out that way, but I am not sure what exactly this is. Any ideas?

Also, if anyone knows any great nothing down methods that doesn't require a credit record, I am all ears!

Or else I will be stuck at the slow pace of my father cause he has all the capital :(

Thanks again guys, (one of the best online communities I have been part of so far)

Tiger

Will Barnard · Answer

Short sales are another great strategy where you can get in with little ($100) to no money out of pocket. When you lcok up a deal with the seller and bank, you simply find an end buyer and double close. Just ask Nick how that works, he does it every day!

Nick J. · Answer

I may know of a way to buy homes with no money down :) of course that would require me to instruct you to look in my signature but I'm not a shameless salesman LOL!!!

hey btw, I pm'd you a while back. I was impressed at your online marketing experience and wanted to offer you some money in exchange for coaching or help with my simple project but I didn't get any return message so I'm a little butt hurt :(

Realistically there are a lot of strategies that you could implement with no money down. I would only say that your young age will be something you'll have to overcome with sellers but if you're determined enough, I'm sure you'll find a way to overcome that.

I also know Stephani has a great e-book for a great price on flipping REO's, you can see her website in her profile located here: http://www.biggerpockets.com/users/Stephani

I would highly suggest hers due to you being in Florida and I know it's more likely for you to succeed with REO's there.

Tiger Sun · Answer

Nick,

I rechecked my pm and I believe we only discussed viewing your online interview for your new subject2 contracts. But let me know what you are interested in doing.

As pertaining to eBooks, I believe I am going to be enrolled in the REO Rockstar course pretty soon and learning from Lee in Tampa.

Stephani is promoting the REO Rockstar course, so I can only guess its recommended by her?