2007-08-04 08:08:04 · 8 answers · asked by laylaw 2 in Business & Finance ➔ Renting & Real Estate
The best way to get into real estate with no money or credit is to start out by birddogging deals for other investors. Full Disclosure: I wrote a book on birddogging. :-) But it is a great way to learn the market, meet other investors, learn what investors consider a good deal and make good money while you work on restoring your credit and getting your money together. But, like anything, it takes some effort on your part. Find a real estate investors club in your area (www.nationalreia.com and click on groups/meetings). Meet people, get to know your market, get some training and see if this is something you really want to do.
Best of luck to you,
Barbara
www.therealestatebirddog.com
2007-08-04 13:19:21 · answer #1 · answered by realestatebirddog4 2 · 2⤊ 0⤋
Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved onarrange loans or other finance, and usually means you will pay more interest on any loan you take out.
2007-08-04 13:12:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You have bad credit because you have no money managment skills, which means you shouldnt buy real estate yet.
Fix your issues that cause the bad credit, and then once the credit is good, and you have saved up a deposit, go for it.
You have no business buying a house now, which is not what you wanted to hear, but a realtor and mortgage person will tell you anything to get their comission from you, they dont care whether you will actually be able to afford to live in the place or not.
2007-08-04 09:42:06 · answer #3 · answered by Anonymous · 0⤊ 1⤋
If you mean buying and selling your own stuff, you are asking for a miracle. If it was easy to get into, then everyone would be doing it. If you mean get your license and work for someone else, it might be a good place to start. Save your paychecks, your broker can probably get you started with loans from investors rather than banks (higher interest) but you will learn the business and know what you are doing. Nothing is easy in this world, you have to put in the time to learn the business and save the $.
2007-08-04 08:14:18 · answer #4 · answered by towanda 7 · 2⤊ 0⤋
Sounds like you are not in the position to be investing in real estate then.
2007-08-04 08:11:28 · answer #5 · answered by Anonymous · 2⤊ 1⤋
Get a job or two and ...look into HUD housing...fixer uppers
2007-08-04 08:16:12 · answer #6 · answered by gr8ful_one 6 · 1⤊ 0⤋
Start buy paying your bills. There is no free rides in life.
2007-08-04 08:16:18 · answer #7 · answered by oldmanwitastick 5 · 2⤊ 1⤋
if you cannot afford to lose money in the deal dont do it.
2007-08-04 08:15:58 · answer #8 · answered by alex l 2 · 3⤊ 0⤋