What are some ways to begin in real estate investing with little or no money? Can you start in real estate investing with no money?

Sawan

I suggest you go to one of the many investing sites on the web and start reading. We can't possibly respond because of having no idea of how things are done in India.

So read some of the ideas on these sites and see if its legally possible to do the same in India.

No you have to have money. Whether it's yours or borrowed, you have to have money. I suppose you could inherit something or try ownership through adverse possession.

You can start with the lottery. A couple in California just won the jackpot of 260+ Million dollars that I was planning on winning. Invest a few bucks in the lotto, thats sound advise!

The only way you can do no money is to use other peoples' money. Or you could be a bird dog and get paid on finding good deals. Until you build up a pot of gold, you can't invest with 100% leverage, no conventional lenders will allow that.

Cash is king.

I think you should consult a person who is in real estate business..

They are typically Classified or Ranked: Impossible; Very Hard; Difficult; Not So Good; Tiring; Hands Free; Moderate; Simple; More Simple; Auto Pilot; Easy; Easier; Easiest; and then you got your "Most Easiest" !

The "Most Easiest" is to take 10 Million Dollars, run an ad, give it to one of the respondents and tell him to give you a call in 10 or 12 years to tell you how you're doing.

Under no circumstances should you have to call him . . . . he should call you. Other wise, this wouldn't be the "Most Easiest" technique anymore.

You could try what I did. I looked through classified web sites such as craigslist.org, backpage.com etc. I went to the housing search, I typed in investor keywords like wholesale, bird dog, we buy houses, etc. and I went on each posting and copied all of the email addresses of all the local investors in my area. Then I created this huge mailing list and I sent out larger email blast for about 3 days straight stating that I was looking to breaking into the Real Estate Investor business then I when on to talking about myself and basically I said that I would help them in any way I can in exchange for some knowledge and direction. 1 day later I had 2 investors contact me. The 1st wanted me to do sales for him but he was really way to into him self for me to deal with and the other was real sincere about help me achieve my goals. We started to talk alot about the business and how he made the leap in this biz, he then said "OK what I could do for you is teach you how to find good wholesale deals and coach you through them or if your not confident enough you could pass them over to me and I'll pay you a referral fee and teach you how to work the deals" I decided to hunt down a deal for him and collect while I learn and guess what? 1 week later I found a great wholesale deal for him he closed it and made a little under $8,000.00 and payed me $1,150.00 (15%) for my referral fee and I learned a little in the process. He suggested that I take that money and buy some business cards and signs so that I could prepare to go out on my own once I felt ready, of coarse I won't be for quiet so time.

So my point is to get started with no money you have to reach out to people and create relationships, study up as much as possible,and genuinely have a passion for your work.


If you work doing what you love...
you will never work a day in your life...

Cirino,
Just curious here...are you able to take the referrals paid as net to you or does your broker still get a split off of that?

No broker involved at all. That was payed me as net. I have to say because I'm a new to this and I'm still learning, all of the proper paper was not in place for me to legally receive that money. We skipped the whole process of putting me on the assignment contract or a referral agreement. I just had to entrust that he would pay me and he did, plus I was working closely with him the whole time so I watched everything carefully. I guess you could call it foolish to trust him with out any type of written agreement in place but it was a great test to see what type of person I was dealing with.

You must have a very lax Broker for them to let you receive the full referral amount....my Broker still takes a split from my referrals.

Summers,
I'm not licensed yet this was strickley a wholesale deal. I don't have a broker. This was a deal done strickly between investors only from the wholesalers(me and my mentor) to an investor(landlord/rehabber in my town).

Cirino,
I don't believe that your position qualifies as a "Wholeseller" as you are not a principal in the transaction and are receiving a referral fee from the actual investor for putting the deal together.
http://www.flreia.com/clubportal/ClubStatic.cfm?clubID=2076&pubmenuoptID=24765

Your absolutely right the politically correct title for me would be bird dog not a wholesaler but as I stated before my mentor is showing me the ropes as to how to wholesale my own deals.