New beginner. With no money.

2 Replies

Real estate investing has been my passion for several years. However I've never been financially able to do so. I've seen there are ways a person like myself can begin with no money down or with OPM. Thus far I've been unsuccessful. My plan was to become a scout for investment properties and present an offer to investors. I have done this but it appears the investor collected the information I provided then ran away with the info. My reason for joining BP was to locate investors willing to take a chance with me, teach me as I progress and help me get started. I currently live on a fixed income, wife has breast cancer which is costly, due to medical problems of my own I am unable to work a regular job and I desperately need a passive income. I am open for suggestions.

@Randall E Collins It's one thing to have passion and another to actually do. 

I don't want to be negative but given your current situation maybe real estate investing isn't in the cards. That could change in the future! You need stable income, more knowledge, time, and a DEAL. Without any of those it's tough to get started. I'd sit down with the wife talk about sacrifices. Most good things in life require them. What are you willing to give up to get started? Answer that question, change the mindset, and find a better path to achieve your goals. 

I agree, Jaron.
I am terribly sorry to hear your circumstances and I wish you and your wife a speedy recovery but, it does not sound like RE investing is in the cards. If you would like to find a way to become more involved in the industry without having to work full-time, I would research local RE investing businesses that are looking for acquisition reps. It's basically dialing for dollars and convincing owners to sell you their distressed property. I've seen some do very well in this field. Just a thought. 

Originally posted by @Jaron Walling :

@Randall E Collins It's one thing to have passion and another to actually do. 

I don't want to be negative but given your current situation maybe real estate investing isn't in the cards. That could change in the future! You need stable income, more knowledge, time, and a DEAL. Without any of those it's tough to get started. I'd sit down with the wife talk about sacrifices. Most good things in life require them. What are you willing to give up to get started? Answer that question, change the mindset, and find a better path to achieve your goals.