Willing to learn

Willing to learn

Renter · Oxon Hill, MD · Member since 2014 · 2 posts · 1 vote

Good morning, all! My name is Joseph, and I'm from Oxon Hill, MD. There are a few things that I want to learn as far as real estate investing and flipping goes. The money that I do have goes toward the rent and bills of the house, so that depletes the possibility of using my own money for anything. I would like to learn to use resources to no money down flips and purchases.

1Reply
11 views

Most Popular Reply

Real Estate Broker · Indianapolis, IN · Member since 2014 · 3k+ posts · 2k+ votes
12y

You could look into wholesaling. If you're just wanting to learn more about how to get started with no funds I am currently reading "Nothing Down for the 2000's" by Robert G. Allen and it gives some ways of doing so. The general trick is to find people who just want out. I think it cost me $7.00 on Amazon. Could be worth your time to read. They explain negotiating, cap rates, and other common terminology.

See this reply in the discussion

7 Replies

Jump to latestLatest
  • Real Estate Broker · Indianapolis, IN · Member since 2014 · 3k+ posts · 2k+ votes
    12y

    You could look into wholesaling. If you're just wanting to learn more about how to get started with no funds I am currently reading "Nothing Down for the 2000's" by Robert G. Allen and it gives some ways of doing so. The general trick is to find people who just want out. I think it cost me $7.00 on Amazon. Could be worth your time to read. They explain negotiating, cap rates, and other common terminology.

  • Real Estate Broker · Indianapolis, IN · Member since 2014 · 3k+ posts · 2k+ votes
    12y

    Oh... and Welcome to BP!

  • Real Estate Professional · Fort Worth, TX · Member since 2014 · 43 posts · 23 votes
    12y

    Welcome Joseph,

    Just like Ryan said, you could start out wholesaling or start with sub2.

    In both situations, you are looking for motivated buyers in which you can make terms favorable for yourself.

    I strongly suggest putting some money aside, because in the end you will need some type of capital.

  • Real Estate Coach · Chicagoland · Member since 2013 · 502 posts · 101 votes
    12y

    @Joesph King

    Welcome to the community!

    A couple of things I'd suggest to check out are these resources:

    1.http://www.biggerpockets.com/starthere

    2.http://www.biggerpockets.com/files

    3.The Ultimate Beginners Guide to Real Estate Investing

    They are really great places to get immersed in the benefits and tools of this community!

    If you ever have any questions feel free to reach out to me any time!

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    12y

    Welcome to the BP family @Joseph King You came to the right place to learn all about real estate investing! Here are some recommendations for you:

    Find and connect with other BP members that are in your area http://www.biggerpockets.com/meet

    Set up keyword alerts to be notified of the topics that interest you http://www.biggerpockets.com/alerts

    If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below. He or she will be notified of being tagged so that the conversation will continue.

    Wishing you the best!

  • Renter · Oxon Hill, MD · Member since 2014 · 2 posts · 1 vote
    12y

    Thanks a lot everyone! I'm definitely going to look into everything. I took the first step and downloaded the Ultimate Guide and I am currently reading it.

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Hey @Joseph King welcome to the site! It's great to have you here. Feel free to ask any questions in the forums. Seeya around!

Join the conversationCreate a free account to reply, vote on answers and follow this thread.