Getting into Real Estate when you're unemployed

[Derik S.]

Looking to get started in real estate, but the only income I have received is a $20 my mom gives me from time to time. Lack of money, investing in real estate, something doesn't compute correctly here. As some here know, I'm looking to get into the buy and hold strategy (even though I have looked into wholesaling, to keep my options open) with multi family properties. Any money down I would be using would be coming from my dad. How does someone with no income enter into the real estate market, and not become homeless in the process?

[Jay Hinrichs]

Easy do what I did when I was 17  my dad fronted  me 212 bucks to pay for my RE license course .. took the test at 18 and one month then went to work.. took 4 months but closed my first deal and made 600 dollars.. now this is circa 1975 when wages were about 2 bucks an hour to pump gas and flip burgers.  rallied and within 2 years was making doctor and lawyer wages on commission.. then 5 years later bought my first investment property as I had saved up for a REAL down payment.. but I did buy my personal RESI within one year of working.. so at 19 I had a home in Milpitas CA that I paid 80k for .. ( now worth 750K  lol)  and there ya go a career is made