Is Real Estate investing without money real?

[Daniel Vazquez]

Hi,

I've heard tapes, seminars and blah, blah, blah, about this particular subject but I've never really seen step by step with actually company names and contact information. 

[Arlan Potter]

Without any money it is possible.

A little money is helpful.

I bought 3 houses for cash in 2002-3. They cost me a total of $22,500(3,000+13,500+6,000)

I fixed them up using whatever I could scrape together, zero interest credit cards, cheap family help. I got them rented.

I then got 3 HELOCs and bought 4 more, and so on, and lines of credit, and term notes and....

I am up to 60+ rentals, Many flips, and as far as I am concerned the only thing I have invested is $22,500. About 1/2 of my rentals are actually mortgage free.On paper my rental property is worth over $2,000,000.

And it is all paid for, or being paid for by my tenants. They pay my loan payments, my repairs, my property taxes, my insurance, my overhead.

What other investment can you buy with other peoples money and never actually have to pay back. The renters pay it back.

Of course, like I have said in other posts, I have no cash. I am fully invested in rentals.

What an amazing country we live in.

PS   I have never been to any paid seminars or paid for courses. I did buy one book

Buy it, fix it Sell it, By Kevin Myers. I also read a loaned copy of Rich Dad Poor Dad.