In all the years that I have been a Real Estate Investor & Real Estate Agent, I have been asked this question way too many times. Can I invest in Real Estate with no money and bad credit? The
What is the fastest way to make money in real estate?
Let's look at the top 3 fastest ways of making money in Real Estate:
1. Bird dogging
What is a real estate bird dog? A bird dog is a Real Estate 'investing term' that refers to a type of Broker or Agent who spends their time trying to locate properties with substantial investment potential. The term "bird dog" is a reference to hunting dogs that point to the location of birds and retrieve any birds the hunter successfully shoots.So, look out for properties with substantial investment potential & be prepared to secure them as soon as they become available.
Real estate wholesaling is not as easy as it sounds. You can make a lot of money in real estate by wholesaling houses, but it is not easy. Many ‘Gurus’ love to teach wholesaling as an easy way to get rich without any money to start. The whole purpose of Real Estate Wholesaling is finding properties for sale that are being offered for a lower price than they are actually worth so that there is a profit margin for you and the end buyer to benefit from, after the final sale of the property. It can be a wonderful business, but it is by no means easy, and it usually takes at least a little money.
Here are a few simple steps to get started wholesaling:
. Research your local market before getting started.
. Curate a list of Buyers for your area.
. Secure a financing source that works best for you.
. Search for potential wholesaling properties.
. Decide whether to sell the contract or work on a double closing.
So, how much money do you need to start this process? The good news is that you don't need a lot – at all. You don't need good credit since you won't be applying for credit or even need credit at any point in the transaction. You don't need $100k, $20k or even $10k. For a very, very minimal amount of money, you can begin your real estate adventure if you have the right team.
3. Fixing and Flipping.
Bird Dogging & Wholesaling are suited for beginners who have less experience and maybe even less money to invest but Fixing & Flipping can be a great fit for the more experienced investor.
Flipping houses with no money can be an involved process. Typically, you'll have to find an attractive investment, convince an investor or lender to put down money, and then invest some sweat equity. Flipping houses with no money down involves being creative, thinking outside the conventional loan box, and working closely with other investors. Build your network of investors, Real Estate Agents, and Lenders and buy in a stable or up-and-coming neighborhood and market conditions and leave enough room for everyone to make money when it’s finished being rehabbed. Remember, a good deal is one in which everyone is happy.
Feel free to get in touch with me if you would like to discuss any of these opportunities for yourself or if you need more information.
I am Raj Sharda, Real Estate Broker, Author & Coach, specializing in first time home buying & income-generating, self-sustaining investment properties. With 15+ years of personal & professional Real E....
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Let's look at the top 3 fastest ways of making money in Real Estate:1. Bird doggingWhat is a real estate bird dog? A bird dog is a Real Estate 'investing term' that refers to a type of
Good Credit Score,Handsome Income,Decent Down-payment CID, or Credit, Income, and Down-payment are like the three foundation