They train people to make initial contact with people facing foreclosure, collect some basic information, and submit the lead to their group.

Basically you trade off speed and documentation for better terms compared to hard money.

And the first place to start is your home's assessment.

Basically, you find a motivated seller and offer to lease their home for a number of years and then have the option to buy them out at the end.

but let me tell you - if you're going into real estate investing - say to wholesale - just stick to the basics. you're not going to wow anyone with a good name.and you absolutely cannot make up a name and slap it on a business card or any marketing material - at all.

your plan now should simply be to learn the basics.

If you must ask such a basic question, you really need to reconsider your investment choices...

Its a great read for learning the basics of financial management.There are ways to make money in real estate with little or no starting capital - wholesaling, birdogging, lease options, owner carries, and contract for deeds - but understand that unless you learn to be diligent and disciplined with what you have now, then when you do get more you will just be broke at a higher level.

i would like to rehab a property so i can make some money to get into renting. i am currently 18 and in college and have very little money. because i have such little money i want my first property to be the cheapest property possible so im basically looking to fix up from a shell. does anyone think this is way to much to handle for someone without experience?

So that's probably going to cost around $220 a month.Investment Payment $760Investment Homeowners Insurance $100Investment Taxes $100 (you will probably not get assessed your first year and just pay on the lot)Primary Residence Increase $220Total Cost would be around $1,180 and you would have to pay a property manager around $100 a month.Looks like you could almost break even on it with the right mortgage and taking the cash out of your primary residence.Things will rebound eventually, so if you can slow the bleeding down to a few hundred a month you can hopefully stick it out.If you have been doing pre-construction since 2005 I am hoping you made some money somewhere to ease the pain.I did this on a few properties in Lakeland, Florida.