No Credit & No Money, But a Drive & a Plan!

[Kevin Glessing]

I am new to Real Estate Investing, but I am not new to Real Estate itself. I am a son of Landlords, and Real Estate is big in my family with uncles and family friends. I myself have completed the 75 hour New York Real Estate Agent course, but have yet to pass the state test. I am currently enrolled in Graphic Design school but looking to take on another line of income for when I do graduate and continue to work.

I have no credit, or money and my parents definitely have no interest in investing since it overwhelms them. I am wondering how do all these people with their story of having no money, in college and finding a partner to go in with on a property to flip. I wouldn't know who to ask, and or how to even approach them with such question. How does one even obtain an investment or get a loan to grow and start their portfolio?

Any tips are appreciated!

[Abel Curiel]

Hey Kevin,

I think its great that you went out and completed the licensure course. Having landlords in the family can provide an educational advantage since you've already been able to learn from what you've seen first hand.

The best tips right now would be to save whatever you can, continue to educate yourself on specific parts of real estate/investing that interest you and get out there and meet people. Stay active on these forums, attend local meet-ups and let people know you're serious. No money and no credit can't stop you from doing this unless YOU let it stop you.

The reason that people with no-money are able to advance is because they won't give up and they provide value to those who do have the resources available.

Feel free to reach out and discuss this further.

Best of luck to you!

-Abel