Buying real estate with no money

[Joe Cortez]

I read article after article of how people buy real estate with no money, bad credit, unemployed, etc. Is this even possible? I'm unemployed, have $15,000.00 to buy on a ready to move in property. How do you find these deals; if they even exist. And, if these deals don't exist why make articles informing people that it is possible, some of these authors are highly renowned investors.

[Brianne Leichliter]

I suggest purchasing this BP book.  It's valuable to learn the different strategies.

https://store.biggerpockets.co...

The little to no money down strategy is based on using other people's money (OPM).  

$15,000 with no job currently doesn't sound like a solid strategy to invest right now.  You probably don't want to deplete your cash at this point just in case.

Partnering with a RE investor where you can offer something of value to learn the trade is ideal if you have available time.

I bought two of my properties with $0 down in the past year.  It's doable, but requires networking, offering something of value to the other person.  In my case, I found a private investor willing to put 100% of the purchase price and closing costs down for 1-year with interest only payments and a balloon payment.  My strategy is to refinance before the 1-year.

You need to have solid numbers though to make sure you can still cash flow.