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Updated about 9 years ago on . Most recent reply

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20
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Steve Edwards
  • Windsor, CT
0
Votes |
20
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How to get into flipping without any money (without hookups)?

Steve Edwards
  • Windsor, CT
Posted

 I want to get into this now. I want this to be my profession. I dont have any money, only debt, and I know conservative minds would tell me to keep working my job until I had some money saved and debt paid but that will take a long time and I really dislike it, I love real estate and I want to work hard in this instead of in a job I hate just to try to get started a few years from now. Please give me guidance on how to make my first flips with no cash. I know hard money wants skin in the game. So I was thinking maybe I could borrow from two sources? Where is the best place to find the sort of lenders I would need?

Thank you for all your help.

Most Popular Reply

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1,981
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Bryan O.
  • Specialist
  • Lakewood, CO
1,198
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Bryan O.
  • Specialist
  • Lakewood, CO
Replied

"I have no practical skills. I have no money. I have no contacts. But I don't want to work my job."

Get a job in an aspect of real estate that you want to learn. Go to REI meeting. Become useful. Until then, claiming work ethic is worthless because you still don't know what you are doing.

It's absolutely great to have drive, but you need to direct it correctly. RE is not a get rich quick plan.

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