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Updated over 7 years ago on . Most recent reply

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Alexis Hawkins
  • Irving, TX
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Investing with little or no Money and Bad Credit

Alexis Hawkins
  • Irving, TX
Posted

Hello All,

I know this may seem pretty crazy to ask but is there anyway to obtain property with little/ no money and have bad credit? I am very new to Real Estate however, I have the drive and ambition to learn. I left everything including my job to come and help my ill grandfather only to find out my dad isn't in the best health condition himself. Any advice would be greatly appreciated.

Most Popular Reply

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13,432
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,484
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

@Alexis Hawkins Now that you've had "advice" (and I use that term loosely here) from those Negative Nancy's, how about some positive advice for a change.

1 - The most important thing in your life is your education.  Why would you not pay for it?

2 - Don't just jump into the first offer for education your come across.  It may be great, but you aren't ready yet to figure out what will work for you and what won't.

3 - With regards to #'1 1 and 2...I'm still learning, and I will until the day I die.

4 - Join your local REIC group.  Get the basics there.  Network there with others that are both experienced as well as newbies like you.  You'll find the pros will help you (not all...so don't get frustrated when you come across one that won't).  The other newbies will give you a "buddy" that will be in the same position as you...and that will help working/learning together.  

5 - Keep coming back here to ask questions.

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