trying to learn how to make money by purchasing real estate with little money?

Question

I have been asking every one I know about how to purchase real estate but, they either think that they can tell me anything but, I have common sense,I have an average job but i just need someone who is serious to point me in the right direction. Can anyone help me? thankyou all. P.S. I do not want to find out 30 years later like I think my so called friends want me to. You would think that someone these days would try to help people but,again we cannot make all the money in the world or every one would starve to death.

Answer 1

If you want a multiple seven figure income, you need a mentor!

I would highly recommend trying to get Chris Harris from: http://www.scbuyshouses.com/forms/custom...

He can help you learn how to buy property with none of your own money or credit and with Zero Risk/Liability to you. You will also learn how to Sell property in lighting speed. He also coaches people that want to learn the art of Performing Short Sales.

In general..you will learn marketing/advertising(both online and offline), lead generation stratagies, pre-screening, acquisition strategies, exit strategies and negotiation gambits for buying, selling and holding.

A good coach could be the difference between paychecks and Big Fat paychecks!

Good luck in your business ventures!

Answer 2

There are two ways to get information:
1. Buy it
2. Research it.

You can learn everything you want to know about buying and selling Real Estate by purchasing a course on it. The basics are simple enough: buy low, sell high - same as any other business.
If you don't want to pay for these classes, you can use common sense, and that'll take you pretty far.
You WILL have to have SOME money, or at least some credit, to get started. The 'no money down' courses are misleading as they imply that you can get started with 'no money'.
You will need money for closing costs, home inspections (or learn how to inspect a home yourself by BUYING a book from Home Depot "How to inspect a house").
Either way, knowledge represents somebody's investment of time and money, and that's why most people won't give that away for free.
I will disagree with your last statement "we cannot make all the money in the world or every one would starve to death".
It is not the making of the money that causes lack, poverty and starvation, but rather the hoarding of money and thus the prevention of its natural flow that causes these things.
Anyway, you must focus on what you want, not on what other people are doing wrong.
Search 'investing in Real Estate' on Google, subscribe to as many FREE reports and newsletters as you can find, and DO NOT BUY anybody's 'Secrets' until you've spent your own time researching free material first.
Have patience. Houses will be there tomorrow and next year. Get educated. If you really have the drive to succeed in Real Estate, you will.

Answer 3

Read your Hi-light question....

Here is some good advice..

If you have little money, STAY AWAY FROM REAL ESTATE !!!

Haven't you read the papers, about all the defaults happening right now in the housing market, Sub-prime lending has over-extended millions of people who now find they are renegotiating at higher rates , (hence higher payments) or the are not getting renewed because the lending rules have tightened,

Real estate investors, and ordinary people are going backrupt because they have no equity and can't make payments.
Mortgage lenders are going backrupt because are defaulting on their loans.

And you want to get on the banckruptcy wagon.
Read my HIGHLIGHTED ADVICE.

Answer 4

Increase your credit score and decrease your debt. Then maybe you could qualify for a 100% NOO (non-owner occupied) loan. A NOO loan is another term for rental property, which is what I assume you're asking about.

Otherwise, stay away from those crazy scams like Carleton Sheet's No Money Down Program. Because they don't work and are illegal in most states.

When you're ready to get qualified for a mortgage, contact Julie at http://primelendingonline.com

Woof.

Answer 5

when I brought my first house I had no savings.
I went to the bank and got a loan for a car.
but instead of buying a car, I used it as a deposit on my home.
good luck..............