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Updated almost 6 years ago, 01/13/2019
What to do when you have 0 money!?!
See my first post for more about my goals! But...Simply put, what would/have you do or done if you were starting out with what you're currently doing now with NOTHING! Could you do it, what would you need to do what youre doing now and how would you do it!?
I was contemplating getting into RE business for over a decade. Last few months I finally decided to learn as much as I could about it and take an action. Initially I had an assumption that getting funds is the most difficult thing. Amazingly, it's not. As I found out lately, the main thing in real estate is finding deals.
Find great deals and you can start with wholesaling. You don't need a license to do wholesaling and you don't have to have cash to put it under contract.
Show ability to find great deals, and you may have investors willing to back you up as partners in your projects.
You can also borrow money from friends and relatives.
I have read all the advise about being frugal and what not, but I don't know why anyone would have to be told and/or read a book about saving the money they already make. I don't have to read a book or listen to anybody to know something as incredibly simple and basic as managing my personal finances and deciding how much of my disposable income I will spend or save :) I seriously doubt anyone who needs to read a book (or be told by others) about saving their own disposable income has enough of what it takes to put their shirt and pants on in the morning. :)
So, back to what I said in the beginning: your main focus should be getting great deals, finding ways to get great deals and once again finding great deals.
If I knew how to get great deals I would earn 6 figure income by the end of 2019 and seven figures by the end of the next. No matter what hole I was in right now, how much money I was earning and what I had on my bank account today. IMHO, nothing is more important in this business than finding deals.
Good luck!