Originally posted by @Toyin Dawodu:
@Dooreuhn Cee This is a debate. If you have nothing to contribute, you have no right to insinuate comments that are opinionated instead of stating your intelligent views about the subject. I am not advertising anything. I have been doing this long enough to know the pitfalls for most wannabe investors who are feeding on the wrong information. Its the wrong information that is keeping 95% of the aspiring investors from making any money. Real Estate investment is not about buying properties, its about making money.
How can you buy and hold when you have no money and no credit?
The same way you would buy and flip. It can be done through private money, hard money, or seller financing. I'm not sure where you get your funding to buy, and rehab with the thought it takes no money. The key word here is "BUY". If you can purchase to fix and flip then you can use similar sources to buy and hold. In my opinion there is more of a risk in being off on rehab costs for a newbie when trying to sell a property than doing minor repairs for a rental. If you can't figure out the right price to buy with minimal repairs and make a profit how would you ever be able to figure the right price to buy, intense rehab cost, ARV, holding costs, realtor fees, seller financing costs, and worst of all, what if it doesn't sell for the price or in the time frame you expect... there is no income at all! Now what?!
