No Money More Problems

I remember sitting in my first Real Estate Investing seminar learning about wholesales and hearing that I could start with no money of my own and make money.  I was excited at the thought.  From my experience I have yet to find the path where no money of my own is needed.  I have taken advantage of the free marketing tools I have learned about (Craigslist, ebay classifieds, etc.), ordered free business cards and paid for shipping...but the buck seems to have stopped there.  On my journey, I have stumbled on things such as transactional funding, proof of funds, asset protection, incorporation, business funding and lack of a mentor.

All of the above things, are pretty important and require money.  I know all about putting a house under contract and using "And or Assigns", I have recently learned that doing this, puts me at risk for lawsuits and having every transaction I do being on record.  In order to prevent this, I have learned that I either need to create a Land Trust or Incorporate an LLC or C or S Corp...all which require money.  I have to have money to have an attorney to consult with on these things, and I need money to incorporate.  None of which I have.

Don't get me wrong, I completely understand why those that teach Real Estate Investing and Buisness charge for what they know and do...I am just not in the position to benefit from them right now.  So I am left trying to swim upstream while learning on my own from free information I find.  I am thankful for websites such as this one (Bigger Pockets) and Creative Real Estate Online, without them, I would be in a much worse position than I am now.

Even though I am unable to Incorporate, have no way to get transactional funding, have no mentor and no marketing budget, I am still up everyday living and breathing this business.  I believe in the opportunity Real Estate offers.