How to start investing in real estate with little money? No, I didn't say zero.
But I mean little money. A little money. I'm going to show you how. Let's go. In this
video, I'm going to share with you how to invest in real estate with little money.
And without going into debt, 1. Number 2, how to do it without spending very much
time. And then number 3, how to do it with just a little bit of money. And I'm
talking just a few hundred dollars. So, number 1, let's talk about how to invest
in real estate without getting into debt. So, this is pretty easy because there's
lots of strategies to do some. And I'm going to give you like the most popular
ones because there... We'd be here all day if I told you all of them. But the primary
most popular strategies for investing in real estate with little money is going
to be number 1, wholesaling. Number 2 is going to be lease purchases and then
another one is going to be joint ventures, okay? So, let's go through those
really quickly. So, with wholesaling, the reason why you don't need a lot of money
is because most of your money will be spent on marketing. Because with
wholesaling, let's go back. You're going to be finding people with property
problems that are willing to sell their properties at a discount.
You're going to get those properties under contract and then
you're going to assign that contract for a fee or you're going to flip that contract
to an investor who can... After you closed on either your closed on it really
quickly. And then immediately sell it to an investor and then you'll get the
spread. So, it's pretty easy to do this without a lot of money because most of
the money will be spent. If you have to spend any, will be spent on your
marketing. And again, I have tons of video to show you lots of low-cost ways to
market for wholesale deals and to really get started.
The second thing like I said is going to be lease purchases. So, this is little
money. So, literally, you can lease properties and then put tenants in the
property that are paying more than you are. This is going to be amazing. I got... I'm
actually so excited. So, let's talk through this one because I want to spend a
little bit of time there because this is fun stuff for this time,
we're in 2020. So, I have a lot of students that are going out... And again,
they have a little money. And they're literally leasing properties and they're
turning those properties into AIRBNBs, okay? Yes, they're turning those
properties to AIRBNBs where they're renting the property out on a nightly
basis. So, they're leasing properties. Again, with the landlord's permission,
they furnish the property they put towels and plates and the
necessities in there that people need. And then they list it for free on some
websites, okay? Airbnb is just the most popular one, it is not the only one.
There's Airbnb, there's Home Away, there's Vacation Rental By Owner what we call
VRBO. Again, tons of web sites I could go on and on. And again, if you want more
information, you know you can click below go to no else free training or click
below and reach out to us directly if you're already... If you're really
interested in doing this with us. But the key to it is they're renting the
property, say $4,000 per month and they're renting out for probably at
least 100/150 dollars per night. So, just do the math on
that for a second. You can really see how they are making a lot of money on a
property each month but they did not spend a lot of money to get the property,
okay? Just a few thousand dollars. In that case, because you may have to put a
security deposit down. But that's a really low-cost way to do it. And in many
cases, you don't have to put much money down for the security deposit. I'm going to
tell you a little bit later how you could do that like with not even a
thousand dollars. So, that's one way. So, another way is joint ventures. Joint
ventures are where often a seasoned investor maybe they have good credit. And
they can go get a hard money loan. They may partner and because I just had a
student that did this with someone that works full-time and doesn't have time to
manage the project. Okay? Just using that as an example.
Because I just had a student. I'm in Oregon. You know, he's full-time in this
real estate thing. He wanted to do it. He had quit his job. You know, before I met
him, yet quit his job. And he really wanted to do it. But he was struggling.
And so the problem was he was trying to do everything by himself. So, I introduced
him into the world of joint ventures. And finding working people that want to flip
a home but don't have the time to manage the project, they have no
idea how to find contractors, they know I have no idea how to manage contractors,
but they have income and they have credit. So, you can partner with these
people and they will do... Put in something and then you manage the
project and you guys split the profit. That is just one example of a joint
venture. I could go on and on. I partner with my students all the time. In many
cases, I do the hard money loan and put that in my name and my company's name
because I have established. And they managed the project and then we split
the profits. And actually, I'm tell you another quick secret. That was actually
how I got my first really profitable fix and flip, okay? I partnered with my coach
and then we did a 70/30 split. And all I had to do was find the property, okay? He
basically did everything else and I walked away with a check for $17,000. He
put the financing in his name. And then he was more experienced than I was.
Obviously, I didn't know what I was doing so that's why we didn't do it 50/50, we
did it 70/30. But all I had to do was find the property and get the person
under contract. He handled the rest and we split it. And I walked away with over
$17,000. So, I'm telling you, this is not hard to do at all. We definitely can talk
about this a little bit more if you have some questions about it. You give me a
comment below it can have a conversation on it. I absolutely love this. But joint
ventures is a great way to start with little money. The next thing that we have
that where you can really get investing in real estate with little money is
finding pooled real estate funds. So, I'm going to give you a great example of
something that I still do today is I was able to find and invest with people that
already had portfolios of properties that were rental properties. And we will
pool our money together, we would all come together and we would own hundreds
of properties and I would receive residuals from them. And so, that's a
really amazing thing that you can do. And I'm telling you, in many cases, you can
start with just a few hundred dollars. In fact, there's a link below,
we actually have created our own fund with some pretty wealthy people. And
we're inviting other people into this where they can start getting checks
every 3 months. So, this is no longer just for the wealthy doctors and lawyers
and all of those type of friends that I had. This is now for you because you can
start making money investing in real estate and you can actually take the
checks that you're getting from those pooled funds
and still have your own real estate company and start making money with your
own real estate company. So, this is just smart investing people. Okay. Well that
wraps up today's episode. Like I said, I've shown you how to do it with little
money. How to do it without going into debt. I gave you some great ways
wholesaling, repurchase. None of those require any debt. I gave you ways
to do it but that doesn't require much time. And literally, the last option that
I gave you the one that we have below will not require any debt. It doesn't
require any time from you. And it only requires a little bit of money. So,
honestly, we have the answer for all 3 for you too but there's other
options all around. So, check us out. See what we have and then start working on
your business as well because I want you to be successful. This is all about you.