Usually if something seems too good to be true, it is.
But what about investing in real estate with low or no money down? Is it just a myth or can it really be done?
I’m here to tell you there are paths you can take to start investing with only $1,000—or less.
How to Purchase Real Estate With No (or Low) Money!
One of the biggest struggles that many new investors have is in coming up with the money to purchase their first real estate properties. Well, BiggerPockets can help with that too. The Book on Investing in Real Estate with No (and Low) Money Down can give you the tools you need to get started in real estate, even if you don’t have tons of cash lying around.
Low on Cash but Ready to Invest? Here’s Where to Start
- Partner Up: Find a great deal, and use the deal to attract a partner who can fund it.
- Find a Hard Money Lender: Hard money lenders will lend up to 100 percent of the purchase price and up to 100 percent of the cost of repairs to people like house flippers.
- Wholesaling: Put simply, this involves finding a great deal, signing a purchase and sale agreement with the seller, finding someone else looking for a deal, and agreeing to sell your deal to them for a wholesaling fee.
Watch my video above for additional details about each technique and to learn more about the one thing they share in common—finding great deals! It’s the single most important skill an investor can have, and I can help you master it.
Let’s chat below in the comments.