How do I buy a house with no money down? + other questions.

[Adrian Delgado]

Hello, so I am new to real estate investing. I have started reading books and getting more involved with the BiggerPockets forum because after reading some of the "Success Principles" book, I decided that I am the only one that can make my dreams come true. I have known this but now I have now changed the way I day dream and I am focusing on my goals that will make my dream of becoming a real estate investor for profit and a hobby come true.

So my question is: How do I buy a house with no money down? I currently have a full-time job but I earn minimum wage & I am unfortunately about $5k in debt to my credit card. :(

My second question(s) are: When I do buy a home, how can I pay the mortgage of it without renting it out to tenants? How long does it generally take to buy, close a deal, and later be able to put it back up on the market to resell it? Are people that are going to buy my new home able to see how much I myself paid for the home? What books do you recommend on estimating rehab costs?

Thank you for taking the time to read. I can't wait to hear everyone's different responses so that I can absorb as much information from different people and their strategies!

[Chris T.]

@Adrian Delgado

How do I buy a house with no money down? I currently have a full-time job but I earn minimum wage & I am unfortunately about $5k in debt to my credit card. :(

Yes you can buy houses with "no money down" but you need to have reserves. Hustle, Get a 2nd job, Save more money, Reduce your expenses etc. Listen to all the podcasts on BP and read this book. 

If you want more free resources, Go to your public library, start reading real estate investing books. 

When I do buy a home, how can I pay the mortgage of it without renting it out to tenants

Assuming you get a mortgage from a bank, you pay the bank. REGARDLESS whether you have tenants or not.

How long does it generally take to buy, close a deal, and later be able to put it back up on the market to resell it?

It depends. You need to learn more, especially the numbers.

Are people that are going to buy my new home able to see how much I myself paid for the home?

Yes, it's public records. 

What books do you recommend on estimating rehab costs?

The Book on Flipping Houses

By the way, next time when you participate in the forums, try to limit your questions to 1 or 2 sentences, that way you will get more responses.