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Updated almost 6 years ago on . Most recent reply

User Stats

73
Posts
61
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Sheila Campbell
  • Rental Property Investor
  • GA
61
Votes |
73
Posts

How To Get Started WITH No Money?

Sheila Campbell
  • Rental Property Investor
  • GA
Posted

Hello all! I know this one is tough! I'm trying to get started with NO MONEY, which is almost impossible. I've read plenty of books that say it's possible. I've even found a few properties that will do owner financing with me, unfortunately I just can't afford the down payment. Another thing is, how do you refer a property to an investor for an appraisal fee? If I could do that a few times, I would then have enough money for a down payment. I know that I'm not the only one who's been in this position before. ANY advice is great advice. Thank you. 

Most Popular Reply

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3,926
Posts
4,385
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Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
4,385
Votes |
3,926
Posts
Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
Replied

@Sheila Campbell I think the first thing you need to ask yourself is "why do I have no money?".

If you have no money, is investing in real estate a smart next step?

Maybe figuring out how to save some money would be the right next step for you.

You can't invest in real estate with no money. What you can do is get a job in real estate, save money, and then invest.

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