Hey, friends welcome back to Limitless Wealth TV Kris Krohn Steven Michael
Miller. And today, we're talking about a question that one of you submitted
saying, "can I really get in the game on real estate with less than $300,000?
Stick around and we're going to show you how.
Hey, friends Steven Michael Miller here and I've got another question and I
want to jump in right away here. Can I invest with $3,000, if so, how? And not
just invest but a real estate of course with $3,000.
The answer is $3,000 can't buy you a house, right? $3,000, it typically for a
home you need a 20% down payment, If you are buying your primary residence,
oftentimes, you can get away with a 3 or 5% down payment. There are programs out
there that asks for a 100%. They will give you a 100%
loan, so a zero down payment. So is it possible to invest with $3,000? The
answer is absolutely it is. It just limits some of the things that you can
do. But let's talk about that for a moment. If you're getting into real
estate, you know very first time you haven't bought your own home yet. Buying
your own home can be an investment for you. This is actually one of the
strategies that we teach all the time. Which is get out there and buy your
first home. Primary residence loans are cheaper than investment loans. In other
words, you'll typically get a lower rate on your loan as well as you'll have to
come in with less money. Sometimes, as little as zero money down. So, that can be
a great opportunity to get into a really good home. If you find a home, a primary
residence that you can move into, that also has equity in the home, does that
can be an even better opportunity for you to start your real estate investing?
Stepping into you know 15 or 20 % equity position on your very first home.
This is actually one of the first ways that Kris got started his first home. If
you've ever heard his story, you know he was driving down the street and it was
sunshine but it was snowing sideways at the same time and he drove by this
little old brick houses and I actually helped him remodel this little old brick
house. When he passed by, he thought , "man I should put an offer on that
home, I should look at this home." And this is the free first deal that he
did. And so he did get the home, bought it with a little bit of equity in it and
when he sold it, that's how he started to fund more and more of his real estate. So
that could be a great place to start. So even if you have very little money, you
can buy a primary residence. Wonderful place. The second thing that I want to
talk about right now is what you can do with that $3,000. There are a plethora of
educational programs that you can become part of, that you can join, that you can
purchase. Those can all be really good but it really comes
down to your willingness to act on the things that you're learning. So I guess,
one question I have for you is, are you willing to act on the things that you
learn? Are you one of those individuals that learns the information or that buys
the information that puts it on a shelf and never looks at it, never references
it later, or you the type of person that will get the information and pour over
it and internalize it and practice it and get out there and put it to use
for you. If you're that kind of a person, we have programs. As a matter of fact, we
have some amazing programs that are less than $300,000 that could
be very, very beneficial for you. if you're interested in that, you can go
ahead and click on the link up here in the corner and one of our team will
reach out to you and help explain to you what that would look like? What that
could look like? But the third thing that I want to talk about is partnering
options. Partnering is one of those things that we oftentimes don't ever
think about if we've never done it before. But it's one of those things that
can help anybody do more real estate faster is learning how to partner.
Getting out there and reaching out to other people. There may be several other
people that you know that are in a very similar situation. That all have you know
$3,000 - $10,000. You know they've got a small sum of money that
they'd like to invest in something. But maybe it's not enough to invest in
a home all on their own. But if you were able to put that money together you know,
and go into a partnership of some sort, it all of a sudden opens up that
opportunity and possibility. So partnering is a great way to get into
real estate investing when you have smaller funds. Those are the three main
ways that I can think about right now. Just off the top of my head as you know
as you're looking at at taking $3,000 invest in real estate.
Those are the house of what I would do. So again, buy a primary
residence, number one. You can get into that again oftentimes with little to no
money out of pocket. If you can find the right program. And there are also some
other government funding programs that can help you along with that. The second
one is to buy a program that can give you the right information, to help you
start investing. And then a third one would be to partner. So one of those
three options. Hopefully that helps. If you've got $3,000 or less to invest,
those are some great things that you can do right now to start your journey.
Thanks a lot. And that's how you do it with the tiny little bit of money and
frankly, if you're watching this, you're like, "I don't even got three grand." You need
to come over the website to show you how you can start working on
your first million, with less than a $1,000..