I recently asked someone what's the best way to go about starting in real estate if I have no money. They tell me that I should learn and get really good at finding and structuring deals. If I can do that then I shouldn't have problems finding funding. So my question now is , how do I find deals and learn to structure such a deal ? Any help would greatly be appreciated.
Aside from reading BiggerPockets, you can go online and search for any real estate meetups and go meet and greet people. Definitely talk to the host of the event, and he or she can recommend you to speak with a real estate investor (hence a warm lead instead of a cold lead). Volunteer to do some work for the investor and go from there.
I've heard taking the real estate license classes teaches a lot about structuring deals and how to use the MLS to find deals. The classes do cost a few hundred dollars, but may be a good first "investment" in your education. Plus, if you get your license, you can save money being your own agent. Getting my license is the next step on my to-do list.
http://carriealluri.bairdwarner.com | IL Agent # 475.171124
Welcome. Build a good foundation.
Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers).
Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook
Consider checking out HUD homes for small multi's owner occupied gets first crack.
Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over
Thanks for all the help, I guess I will look into taking some real estate license classes.
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