How do I get started in real estate investing with 10k ?

[Davere Currie]

Ideas , ideas , and information on how to get started in real estate within the next 3-5 months with 10k

[Account Closed]

@Davere Currie

1. Pay a small fee (~$150) to a local NY Real Estate Lawyer to advise you if Wholesaling is legal in NY. If so...

2. Purchase a target list (i.e. Listsource.com) for your target area (~$150), for people who have more than 60% equity in their house and meet any criteria you believe would make them sellers (i.e. Elderly, out of town owners, etc). 

3. Mail out 1k yellow mailers to each address (~$750)

4. Network extensively in online and local investor groups. Take names, numbers, and emails - build your buyers list.

5. Listen to the BP Podcast episodes with Michael Quarles - the guy is a machine and his tactics are solid. 

6. Negotiate with potential sellers. Lock them under contract. Sell the contract to someone on your buyers list for a markup ($5k and up). Profit. 

Just remember to be up front about what you are doing. You are NOT an agent. You work extensively with investor partners to bring them deals and that is why you want to buy their property.