Little money

[Devan McClish]

Basically, my partner and I cannot show proof of funds to a bank; therefore, obtaining a loan or mortgage would be near impossible. Also, we have very little funds, so does anyone have any advice on wholesaling with very few funds? Do you have to put a property under contract to wholesale? Do you need proof of funds? How do you go about this is you don't have any money?

[J Scott]

Welcome to BiggerPockets!

Is it possible to be successful in real estate without any money? Absolutely? Is it really, really difficult? Yes. Is it nearly impossible without haven't a good understanding of the industry and how it works? No doubt.

If you really want to be successful doing anything with no money, I suggest you spend the next several weeks reading everything on this forum and everything else you can get your hands on. Spend 100-200 hours reading and then start asking questions. By that time, you should have the basics down and you can actually start thinking about getting started.

If that sounds like a lot of work, don't bother...that's the EASY part!

I don't mean to sound demotivating, but I think it's important for you to understand that real estate investing is difficult, wholesaling requires a lot of work, and making money in this business when you have none requires a thorough education and more work than most people are willing to put in.

If you have the motivation, desire and the work ethic, start reading!