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Updated almost 13 years ago on . Most recent reply

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Keith Copes
  • Real Estate Investor
  • Syracuse, NY
0
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Can I make money in RE with no money, no credit

Keith Copes
  • Real Estate Investor
  • Syracuse, NY
Posted

Hello I am new to BP. How can I make money in my first deal with no money and no credit. I am open to using other people's money.

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Jason S.
  • Investor
  • Diamond Bar, CA
233
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446
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Jason S.
  • Investor
  • Diamond Bar, CA
Replied

I still think it is probably quicker to save money and do a deal with an experienced partner where you bring a little money to the table than it is to try and learn everything you need to know and then try to find a deal and make money on it.

1. Find someone that will teach you by doing, as in, you do the following crazy amount of grunt work, and I will work with you on a deal found.

2. Get a second job, save money, find an experienced partner that is doing deals and needs cash to capture the next one, partner and learn.

3. Study wholesaling, pricing, values, everything else involved without a local hands on partner and try to eventually find an elusive deal and toss it to someone who you can flip it to and they will make the offer fast enough to capture the deal because you do not even have EM.

I am not certain which is easier. I started at #1.

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