newbie investor

5 Replies

Hi everyone, I very excited about this opportunity to invest. A few questions? How do I start and I start witout any money. I've been reading up on "subject to". So is that an avenue I can take? Comments, advice would be money in the at this point.
Thank you for allowing me to a part of the community.

subject-to's are a good place to start. Also look into "sandwhich lease option" and Owner Financing. This deals will help you get your foot in the door without spending a dime of your own money.

If you would like some more information, you can add me as a colleague and I can answer more of your questions. 

This post has been removed.

Georgia is one of the best states for creative real estate: land contracts, lease options, wholesaling, etc.

See my BP Blog here

You still need some money to pay for the attorney's fees, appraisals, inspections, insurance, and other closing costs. Not much, but you do need some. 

The best way to start without money is wholesaling. You're gonna have to hustle more than other investors too.

The Reality is that Real Estate Investing is not as simple, quick, and easy as people make it seem and certainly with "no money down"

If you do some Thorough research, even just here on BP about the topics you inquired, you will find tons of helpful posts and give you things to consider before you get yourself into trouble.

Subject-To, Sandwich Lease Options, Wholesaling, BRRRR, etc, etc, all Sounds like miracle solutions, but the Devil is in the Details.

Yes, especially in smaller areas or if you randomly get really luck to stumble into the perfect deal, you absolutely CAN get Great Deals with no money down, or at least no money of your own down, but there is a lot more to it than that.....

So if you truly want a no money down strategy you should look into wholesaling or seller carry/seller financed options until you gain some funds for yourself, but even these strategies will still cost you time and money to do it right.  Or go get your real estate agent license.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here