Los Angeles, CA · Member since 2017 · 9 posts · 0 votes
Hi I'm very new to the business. Usually when I want to master something I get the basics then find where I should go from there. So after scouring YouTube for about 10-15 hours and soaking up as much as I can this leads me here. I've seen so many videos that say one can market and make money without using your money or credit. Just wondering if some of this is too good to be true and if not I would love for you guys to enlighten me more of the industry. I'm very motivated and I'm hungry to be in this industry and I can't wait to hear back from you guys.
Specialist · Indianapolis, IN · Member since 2014 · 670 posts · 352 votes
9y
@Derrick Gray the industry is not easy and it's not a get rich quick play. If your willing to work your tail off, pound the streets, and learn you can make a nice living. If you can provide value, it is entirely possible to not have to use your own money. Best of luck!
Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
9y
Welcome to BP @Derrick Gray Check out Brandon's book on Investing with no or low money down, it will give you a lot of ideas on how to start without using your money or credit.
Specialist · Indianapolis, IN · Member since 2014 · 670 posts · 352 votes
9y
@Derrick Gray the industry is not easy and it's not a get rich quick play. If your willing to work your tail off, pound the streets, and learn you can make a nice living. If you can provide value, it is entirely possible to not have to use your own money. Best of luck!
Real Estate Agent · Redlands, CA · Member since 2016 · 253 posts · 115 votes
9y
Hello Derrick!
Welcome to BP. Yes you can get into what is called "wholesaling" where you get paid for finding a property that needs work and then finding a buyer that wants to buy it cash and flip it. The reality is that in Southern California there are 1,000's of wholesalers. You will have to spend money sending out flyers ect to find deals so it isn't a no money get rich quick scheme.
Are you currently renting and do you have any money for a downpayment? Maybe consider buying a duplex/triplex/quad and renting out the other units to help pay your mortgage.
Welcome to Bigger Pockets. Make sure to listen to the podcasts. They are very informative, and contain ample information. https://www.biggerpockets.com/blogs/