How To Invest In Real Estate With Little To No Money

What are the top excuses that most people have when they think about investing in real estate.

No money. No experience. Well, it’s time to get rid of those excuses get rid of the big excuses and learn how to invest in real estate with little or no money and no experience.

Let’s jump in wouldn’t it be great to walk out to your mailbox find it stuffed to the brim with checks every single month, of course. This isn’t going to happen but not because mailbox money isn’t true.

It’s not going to happen because people shouldn’t be paying you money to your mailbox.

What is this? Like 1998 called direct deposit.

You want to start receiving monthly passive income mailbox money. You need to start investing in real estate plain and simple but Brandon you say I don’t have any money and don’t have any experience stop whining and second of all with that attitude.

You’ll never get there. See it’s got the big but attitude because the excuses always start with but not because you have a whatever anyway moving on.

So this blog I want to help you get rid of your big butt by showing you like six different ways. You can start investing in real estate without a lot of cash.

- or experience cool. All right number one house hacking. How is hacking? Is this really awesome strategy where you purchase a small duplex Triplex for collects you live in one unit.

Then you rent the other ones out. It’s especially awesome for two reasons. Number one almost anybody can qualify for an FHA loan, which just three and a half percent down payment and second.

It’s like landlording on training wheels like not a lot can go wrong when you live next door because you don’t have to live there forever either as soon as you want.

You can turn it into a rental property that provide Passive income forever.

Hopefully number two home equity.

Do you own a home right now that has equity in it. If not, well, you know this but if you do if your home is worth more than what you want it you have equity and if you do you can potentially obtain a line of credit on that equity which you can use as a down payment or maybe it’s enough to fund the entire purchase of a property pretty cool, right? All right number three seller financing guys seller financing is amazing, but it confuses a ton of people.

So let me explain it in a way that most people can understand easily.

Ali imagine I sold you my car but instead of you getting a loan and giving me, you know cash from the loan you just make payments to me every month so every month to give me like two hundred bucks and after a few years you paid it off and now it’s yours entirely that seller financing works the same way in real estate.

So seller financing is with the seller decides to sell you their property.

But rather than making you go It Alone they just provide the loan themselves and they you make payments based on whatever terms you set up ahead of time.

So like selling a car payments seller financing It’s best when the property doesn’t have an existing loan on it. If you get a little sticky with the bank, so look to do seller financing on properties where the current owner doesn’t owe anything on it.

All right number for Partnerships. I love Partnerships. Is he when I first got into real estate.

I wanted to buy a property but I go to the bank and they just like laugh at me but then I discovered the power of partnering.

I realized that if I lack the money to jump into a real estate deal.

I bet there were others who had Like the cash there I can just bring something else to the table.

Right? So I discovered a really powerful formula for no money down success called the deal triangle

because it looks like a triangle now you got a better idea.

Please give me a name for that thing below this blog. Now, the deal triangle is very simple on one side you have money and then there’s that you have knowledge and then you have hustle.

Now. Here’s the thing that’s going to change your life pick two.

That’s it people often think that they need like all three of those but in reality you only need If you don’t have the money just gain the knowledge and then use your hustle to make it happen because I can guarantee you there’s a ton of people out there with a lot of money right now, or at least the ability to get a loan and they don’t have the hustle now.

If you don’t have a knowledge then pick up a few books about real estate investing like some of the books I’ve written.

Just do me a favor do not spend 50 Grand on some late-night TV Guru with bad. Hair Men start hustling attend local real estate meetups and find people who might be a great partner interact on the Bigger Pockets forums.

What have you got to do get it done? Alright number 5 hard money lenders. Now, let’s say you want to you want to fix and flip a house, right? You fix it up sell it for more money.

All that stuff, right? You don’t got any money. What do you do give up no lucky for you. There’s people called hard money lenders are businesses.

That’s basically what they do is they help house flippers and other rehabbers now, they are super expensive, but they can be a great source of It’s in for a real estate deal. Just be sure when you do the math on your flip you include the cost of paying for that expensive hard money fees or rates and speaking of the map that brings us to the last tip of the day number six get an incredible deal.

Look when you find amazing real estate deals financing becomes so much easier, no matter how much cash you have or don’t have because great deals are the foundation of creative financing.

You have an incredible deal. Then you’re likely going to go to find financing for it.

Whether it’s a private lender a hard money lender a Anka partner or something else become super incredibly amazing at doing the math and you’re going to find that financing deals is the least of your problems and if you want to see the way that I run the numbers I host a free online class every week

a Bigger Pockets.com webinar where we actually find and analyze deals live.

So are these the only way to invest in real estate without cash or experience?

Of course, not right? There are so many ways to put together real estate deals. I mean a person could write an entire book about it, but I’ll so understand this in the words of the late great Jim Rohn if you

really want to do something you’ll find a way if you don’t you’ll find an excuse It’s Time to lose your big button decide once and for all if this is really what you want.