The Other Side of No Money Down.

[Robert Jordan]

I've been studying Real Estate since 1998.  I had my first license in PA then, working through Weikert Realtors.  We were remodeling Multi Units on Drexel University Campus.  I started listening to the Sheets tapes.  I thought No Money was the ticket, since all my funds were tied in student loan repayment.   I have since been awakened to the fact that, 

1.  If you are just starting out, no one will partner with you or trust you with their money.

2.  If you want a seller to finance any part of the deal, you will need a good sized DP, if the property is even worth purchasing.  Many times, after the repair, depending on the area a profit is nullified.

3.  Most realtors don't want to talk unless you are pre-qualified.

4. People say find a good deal and the money is easy.  I think with the money, you can generally make the deal.  

This is coming from a guy still trying to break the ice and get into the game.

Any thoughts.?