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Updated over 4 years ago on . Most recent reply

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Nezir Alic
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How to start investing with no money down

Nezir Alic
Posted

how to invest in real estate with low to no money down

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Joe S.
  • Investor
  • San Antonio
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Joe S.
  • Investor
  • San Antonio
Replied

The short answer is "you don't". Even if people would allow you zero down you still have to have money for closing costs, holding cost ,insurances policies, typically repair costs etc. It's not likely to many people would let you buy their house with little to no nothing down, But in the event you could find someone you typically have to market for them which cost money and depending on which market your in could cost a lot of money. Most people need to start off with marketing money at the very least. The people selling no money down courses are trying to make money Because no money down deals are hard to find or they would be doing deals themselves.. LOL. I know they'll be some people that come on here and say you can wholesale. Most of them saying that are not professional wholesalers. It takes money and lots of money to market to find wholesale deals. Someone else will come on here more than likely and say Sub2 deals. In Sub2 deals the seller is usually looking for money even if it's moving money, but they usually want a whole lot more. Most sellers are delinquent and owe back payments in the event they are willing to do this sort of transaction and sometimes in the neighborhood of 20 K plus to catchup. There's usually repair cost holding cost and closing cost. I'm not trying to rain on anyone's parade I'm just saying you need some money to get to Rolling.

  • Joe S.
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