Low Money Down Real Estate

[Cody Duval]

I just got done watching a video by Kris Krohn who claims you can "make a fortune" by investing $1,000. I am currently working on getting debts paid off so that I can focus on assets that will earn me money, but I am spending this time researching the best ways to go about getting into it when the time comes. He is saying that you can structure deals so that the seller doesn't require a check from the bank upfront. I'm assuming he is implying that you find somebody who is currently renting the property out, and you tell them you will basically take over the property, increase rents slightly, their money will continue as it was, and you skim off the top. Is that what he is driving at? I can't think of any other way of buying a property and having the seller not demand upfront funds. Now, of course, he wants these people who are trying to figure out how to invest $1,000 to buy his $10,000 course, so he doesn't give much in the way of details.

I'm just trying to poke around the internet and read as many books as I can so when the time comes, I'm ready. I'd love to find a mentor who can help me out and show me the ropes, but it seems like everyone realizes the value of their experience and they want to sell these insanely priced courses online. Is there any way out there to find a successful mentor that doesn't want absurd amounts of cash for their trainings, without wasting time going to meet-ups and rolling the dice on investors that talk a big game, but come to find out, are only a slightly larger fish, than most beginners, in this massive ocean? I want to get some money flowing sooner rather than later, but I don't want the money I do have to go to waste.