The Truth about Getting Started with No Money

[Michael Zuber]

Can you get started and be successful long term Investing in Real Estate with No Money, No Credit and No Experience?

Short Answer = Yes it is Possible and I know several people who have done it

The Long Answer = The only way I have seen people with no money get started in Real Estate Investing and be successful long term is to get very good at finding motivated sellers.

If you have no money, no credit and no experience but you have the Super Power of finding and attracting Motivated Sellers I promise you that you will also attract deep pocket investors who will partner with you, give you finders fee's etc.

You see the hardest part for most people is finding the time to seek out motivated sellers as you could talk to 500 people before you find even one possibility and for most people they give up after the first 50 No answers.

I wanted to share this with the new investors as I have seen too many of you get excited and burn out with no progress after 6 months.  At least this way you know where you need to focus.

Good Investing

Z 

[Joe Villeneuve]

The Short Answer is = Yes

The Long answer is = Yeeeeeeeeeeeeees

The problem most investors have is a lack of knowledge...of 3 specific focused topics.  Most investors have knowledge, actually all of them do.  Too many think that there is no more knowledge out there.  

I see too many investors applying these words, "it can't be done", to many things that can be done...you just have to understand the 3 most important aspects of every RE deal...successful and not...and all three are equally important, and depend on the other two for success:

1 - Market Analysis:  Don't focus on the property...focus on the market.  Find the Markets that are filled with the properties you are looking for (based on $$$$$), camp out there, and make money.

2 - How Money Works: This is huge...and probably the most lacking in REI's knowledge.

3 - Having an actual plan:...and "I want to flip (#?) of houses and hold (#?) of properties this year...isn't a plan.