Trying to make it with $0 dollars true or false

[Luis Martell]

I really want to eventually own hundred of rental properties but it seem like all the info with zero down are far from the truth and its really hard to find people or mentor who really want to help me with info unless I'm buying thousand dollar packages or mastery programs when obviously if I'm trying to learn how to get these properties with zero down because I dont have too nickels to rub together. Are there any book website or real mentors who are really trying to help people that any could please point me to.

[Frank Wong]

Hi Luis,

You need money to make money in real estate.  No money down is a bunch of BS.  Is it possible? Sure, you have a 2% chance of doing it.  I don't go for low probability plays and 1 low exception doesn't make it the norm.  I go for the 98% side of things.  Higher percentage play = higher chance of success. 

Someone having $5k to invest is not enough money either. Let's run the math. You buy an $80k property with an FHA loan at 3.5% down + closing costs. You have nothing left over and you don't have money for reserves. Focus on increasing your money and savings that should be the only thing at the moment. You should not be setting a goal for 100 units if you can't even buy 1.

I am not trying to bash your goal or dreams what I am trying to do is put it in perspective and have you focus all your energy on increasing your income and savings. That should be it nothing else. 

First, save up and buy 1 rental, then set your goal for 5 rentals, then 10.  This is how it's truly done. Then you will get to 100.  Gotta learn how to crawl before you can run.