hey guys flippin landlord ninja here with two guys take on real estate today i'm gonna take
some time to talk about five different ways that you can get started with zero
dollars because you know what's one of the biggest questions that everyone always asks
is well i don't have any money how can i get started we get asked this all the time on our
tiktok lives and on youtube and even in just you know out in the field people are always asking us
well i want to get started in real estate but i have no money well you can do it
so as always we really appreciate all the great comments you guys having and
all the great subscribers and if you could also smash that like button we really appreciate it
i've been doing this now since i was 16 years old and it's been a wild ride and i love real estate
and honestly it's now been over 26 years like wow all right so i know i'm dating myself
uh but it's been fantastic and i love real estate even
the ups the downs there's so many different things on it but one of the best things about it is the
ability to leverage and get in with zero money and even for just a new person just getting started
and i want to talk about the five different ways that you could do this today tomorrow
i mean start now so number one would be partnering with someone else you don't have to have all the
money you can have the experience you could be the one that does all the hard lifting uh so
that's a great way to get started and really grow your portfolio is find someone else that might
have some capital that they're looking to deploy and you can offer them your skill set your time
because time is also a very valuable resource that once again once you use up that time it's gone so
they might just have the money but they don't have the time maybe they're focused on
working their nine to five and you can now leverage your time if you have that availability
and maybe some skill sets maybe you're a great carpenter or plumber or have that expertise or
your you know another expertise that you can offer to that team and therefore you're not necessarily
bringing money but you're bringing time and value but of course when you're starting a partnership
you need to make sure you guys know what the expectations are so work up an operating agreement
and make sure everything is in writing because you don't want any misunderstandings and you want to
understand well all right so sed is bringing you know x amount of money and i'm bringing you know
this skill set and these are the expectations from each party and that there before that for that
person bringing this money they're going to get x percentage and for my time i'm going to x and that
can always change over time too you can modify that as there's less risk on their money and maybe
you're putting more time in that could change over time uh such as like an llc you can change equity
uh or distributions on a yearly basis so that's something you can constantly look over and change
as you go but this is a great way for you to get uh started with zero money by working with someone
else who actually has cash or maybe they have a self-directed ira or wherever the cash might
be that is a great way or hey maybe they have crypto because that's the biggest thing so they're
looking to leverage that crypto right now because maybe they're a huge big uh multi-millionaire from
doge and so they can leverage that and put that into use the second thing i want to talk about
is borrowing hard money uh and we've talked about this on our youtube channel before but you can use
other people's money uh and you know for heart it's called hard money lending
and basically often you can get them to lend you maybe a hundred percent of the financing
as long as you're getting a good deal so this is where it comes back to making sure you can
know and find a fantastic deal because a hard money lender they're not worried about your w-2
they're not worried about your credit score they're worried about looking at that deal
and making sure that if you don't aren't able to actually complete the deal that
when they take it back they're still going to get their money so you're going to need
to make sure that they're probably in it for 60 70 ltv so then for you to kind of have that
your make sure you're making a good thing you're going to get in for much less so that's going to
be all about you really getting the hustle and finding a fantastic deal whether it be driving
for dollars like the youtube video that we have on here or maybe it's finding pre-foreclosures or
condemn property i mean these are all stuff we talk about here and i'm sure you all know watch
these videos all the time so you know exactly what i'm talking about and more now than ever there's
so few deals out there especially on the mls that you got to be out there hunting but when you find
that deal whether you partner with someone or now using hard money this is the way this is a
way that you can get in and actually without any of your own money and leverage just your
time to renovate the property and have a good you know connection with a hard money lender so
i'd actually reach out to any hard money lenders in your area and start building that relationship
this way you know what they're looking for maybe they only want to invest in a certain area or
maybe they want to only invest in a certain type of property single family or multi-family maybe
they don't want to do rentals they only want you to do fix and flips know what they're looking for
and you'll be a better target so that when you're looking for that property to meet that criteria
so a third way actually getting in with zero money is actually called seller financing so
this is when you find once again finding a fantastic deal and you're basically the owner
doesn't have a mortgage or something like that and they're maybe they don't need to sell right now
but you can negotiate something where uh you're that there's a value that you can add and you can
basically for a short term maybe a two or three year loan where they basically you're paying them
interest you take over the control of the property and basically building up value so that you can
then basically refinance or bur essentially with a bank in the two or three years down the road
after you put in more value to the property maybe you're raising the rents increasing the value
of the property or whatever it might be maybe they're even willing to give you a long-term loan
and they just don't want the headaches of managing a property and they just want to kind of sit back
and collect the residual income and so yeah maybe you're going to pay a little bit higher rates so
instead of a bank pay you know right now you can get like three 3.5 percent you know 30-year ambush
rate maybe you're paying them five percent and yeah it's a little bit more but if you don't
have to have any of your own money tied up in the deal that can be a win-win or you can eventually
you know again out of it or refinance out in three to five years whatever your timeline is therefore
getting them that fixed price that you've agreed to and they're making some cash flow in the
meantime and then they get their set price this is a great way to actually get in but once again
it's all about hunting and finding that fantastic deal and negotiating with the seller for that deal
number four that's going to be rental arbitrage or maybe like an airbnb arbitrage that's where
you find a property that you know is a killer for like airbnb and you can put it together with
a long-term lease with a landlord that allows you to sublease so you want to make sure you're
allowing you to sub lease but then what you do is if you have for instance you took over
the rent as a thousand dollars a month you then do some kind of airbnb which i recommend they
have a great platform or there's also vrbo and there's a few other platforms out there as well
but then what you can do is then use that platform to rent it out for more so basically
you're making the difference so if you have an expenses of a thousand plus maybe some cleaning
fees and then you're renting it out for 2500 you're making the difference on that split
and that can be a great way to get involved in real estate and investing with zero dollars
and then eventually maybe you either scale that and getting more rental arbitrage or
what you do is you've got to uh then take that money and cash flow and invest that into other
property uh so you can buy your own rental property and now you own the property whatever
it might be this could be a great way and uh so that's what you're gonna wanna look for
is good areas that airbnb is allowed so that's one thing you want to make sure because you
don't want to get caught you know where airbnb is going to get pushed out so look at
what's going on in that local community are they airbnb friendly are they looking to get rid of
airbnb does it not exist just make sure you don't get caught on with the regulations changing and
therefore you're caught paying for that whole lease and you can't actually make a profit
number five it's one of the ones we talk about all the time on this youtube channel and our tiktok
is wholesaling and this is one of the best ways to get started at any age you will of course
if you're under 18 you're gonna need someone to actually legally sign for the contracts but this
is fantastic you can get involved for little to no money and that is where you are actually finding a
property so you're out there hunting a property so once again this is all about finding a good deal
you're out there finding a property you put that under contract with that owner well below the
market value and then you are then assigning that contract over to a you know investor
flipper whatever that is then be able giving you a fee for that so you're making a difference and
this can be such a great way to build capital it can be a great way to build experience and network
um and this you could just focus on this and never getting out you can make it a great great amount
of money uh one of our early uh tiktokers back in december made over fifteen thousand dollars in
one transaction fantastic and we've had a couple others do the same thing there is so much money
to be made in wholesale especially right now where people are looking for deals they're all out there
so hungry for deals and maybe they have a regular nine to five they can't go you know all about
running around or maybe they're focused on their current flips and they don't have time to go knock
on 100 doors but you do so you can be that guy or that girl that gets them that deal and honestly
if you have a deal and this is asked to be all time well what if i don't find a buyer
if you don't find a buyer right now if you cannot find a buyer right now the problem is not you
finding a buyer is that you didn't get a good deal because right now even if it's a kind of a
moderate deal they're selling like hot cakes it's crazy right now so i really recommend you know
you checking that out it's another great great way so as always guys really appreciate everyone here
and if you are interested in more wholesaling i really recommend you check out this wholesaling
step by step we even have some contracts that you can use right in the description
and if you have any questions leave them there and i look forward to seeing you guys on the next one