BiggerPockets

This post is addressed to anyone starting in the real estate field with little to no money in the bank. Listen up anyone that wants to keep more money in the bank where it belongs.

Like many of you know I had no money or credit ($300 in savings and no credit history) when I first started investing in real estate.  I am the proof no money is needed to raise yourself from failure to success! 

 

There are dozens, I WILL REPEAT, dozens of methods to purchase, hold, and sell real estate for huge returns that do not require any money or credit from you! You can have this lifestyle too.

I have had the opportunity to help hundreds of investors in the mobile home investing business get started.  One of the biggest misconceptions is that starting capital will determine your future success.

In reality it may be a good idea to alway pretend that you have poor credit and little money, this will force you to create "Low Money Down" win-win offers with sellers. If you do not know how to create these offers yet don't worry? As long as you have a desire to help motivated sellers sell and buyers buy, you can make money in this business.

 

Happy investing and remember that you can succeed in the current financial situation you are in.  If you continue waiting for the right time it may never come.

-John Fedro

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