Hello new here, where do i start?

Hello new here, where do i start?

Hi everyone, i am married with 4 children and I am very interested in making a profit in real estate, my main question is..is it really possible to flip real estate with a 500 credit score and no money at all?

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Where to start

I understand that it is hard to know what to do and where to start when you are trying to invest in real estate. You could be a bird dog, where you simply provide information for the investors in your area. That does not take any of your own money to do a deal. You could assign contracts or wholesale deals, this technique is also a no money down technique. You are never using your own credit or funds to purchase property either.

In using both techniques you will need to create a buyers list first. You can find investor buyers at REI Clubs, from their ads - "we buy houses cash" and bandit signs as well You could meet buyers at any auction setting. After meeting the investor you must qualify them - find out what they are looking for - go into detail, also ensure they have funds!

Having a great buyers list is where you will want to start when you have no funds of your own to work with. I hope that this information helps!

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If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125


Making your first decision

First ask yourself if you are looking to get into a deal and make a lump sum of money then get out (this is a great way to build seed money). Or are you looking to build residual income through rentals?

Lump sum money would be a fast cash strategy
residual income would come from cash-flow techniques.

Fast cash techniques
bird-dog (no money down)
assignment of contract (no money down)
double close (no money down)
buy & sell
buy, fix & sell

Cash-flow techniques
rentals
lease options
sandwich lease options (no money down)
seller financing (possible no money down)

The key is to determine what you are trying to accomplish then what resources you have or can use.

for example: if you are looking to make a lump sum of money and no money or credit to put into a deal then you'll want to use bird-dog, assignment of contract or double close.

there is a ton of info on each of these subjects in this site, it is awesome!!

Wish You Well

__________________

If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125


Welcome Newbie

the info is great...