hey you guys flipping medler ninja here with two guys take on real estate today i want to
talk about a question that kevin and i get asked all the time is i've got a thousand dollars i
have 1400 i want to invest in real estate but i don't really know how and i don't think i
have enough money well while you know there are three different ways that you can invest into
real estate with that money uh or even less potentially but this is something
that actually is uh something that you're looking to do please leave a comment below
and as always smash the like button smash the share button and uh let's get right to it
so first off i just want to say that i'm happy that you guys are actually interested you're in
the right place you're actually taking the time to really put the effort in to learn and educate
yourself on this channel and many other great youtube channels uh so that right there is the
first step by far is getting educated so first i want to talk about is wholesaling so we talked
about it quite a bit on this channel so there's a lot of different videos uh that you can check out
you know this one this one this one um but yeah so basically i'm gonna give a brief overview of
uh wholesaling essentially what you're doing is that you're going out and you're finding a deal
you're finding a property whether it be at the worst house that you drive by all the time in your
neighborhood and you're then going to find that owner you're going to sit down with that owner
go over and basically negotiate a deal with that owner below market value and then you're going to
put what's called an assignment contract and then you're going to basically you know talk to one
of the investors that you've met or flipper that you met and you're going to assign that contract
and you're going to make basically an assignment fee so you're basically making the hat the seller
happy you're finding them buyer they're making their best happy because they're looking for deals
and you're kind of bridging that gap and so you're making you know five ten thousand dollars
and you might have you know um some form of consideration that might be a hundred five hundred
dollars to bind the contract uh you also have some marketing and some drivings and gas money
but really you're talking about very minimal money that you can get installed involved in this and
you can actually leverage that and profit far more than the money that you actually have right
now is a fantastic time to get inside wholesale because there are a lot of flippers there's a lot
of investors out there who are hungry for deals and it's really hard to find a deal right now on
mls you might be able to find one but it's there's so much competition out there that it's really
hard so if someone's willing like yourself to put in that work put in that time to find that deal
you're going to find there's a lot of investors and flippers that are really happy to pay you
that fee so i really recommend thinking about it getting involved we love to use the app called
deal machine it's really helpful it does cost a little bit of money so it might not be for you
but you can definitely use things like google spreadsheet i would use google photos
a lot of the free tools for google are really helpful to get involved in this
second i want to talk about is tax means this is a fantastic way to potentially get
very cheap property not a lot of people you know really know about tax liens or really understand
what's going on with that thing so i'm going to kind of break it down we do have a video
that we talked more about this but let's kind of give you a brief overview there's two different
types of states there's taxing certificate states and tax deed states so you want to
know which state yours and some are doing the both depending on the town and essentially what it is
is you have a tax deed when someone doesn't pay their taxes the uh city then forecloses are
actually auctioned off that right to that property for the link for the taxes that were deferred at
plus interest in fees so then you know you as the bidder at the auction you actually get that deed
you now have that property an offense can be very very cheap because it's you know depending on how
far back they are owed on taxes this tax the tax certificate state sorry tax certificate state is
the city same thing there someone didn't pay the taxes so now they're auctioning off the right
to foreclose as well as an interest so you're able to get those generally pretty cheap as well
and be able to while you're waiting for the redemption period to finalize you can actually
get a maybe a 15 16 return on your money as well if someone does actually come back
pay those taxes off and sometimes you can get those for fairly cheap especially depending on
your state and stuff like that but there's some fantastic deals that can be bought now there
is competition out there so again the more you go the more opportunity you'll have so i'm not
saying this is like you know every property you go or every taxi you go will be super cheap
but the more you go the more likely chance you will find a tax deal that will be stellar and
that will be fantastic for you on your budget of under 1400 so check it out
third i want to talk about using hard money lenders to leverage into whether it be a buy
and a flip or it be a burr strategy or hold buy an old rental and what you're going to
want to look into is actually you know first off finding a hardware lender that might even leverage
a hundred percent purchase price if not you might need to partner someone so you can keep
your costs really down like we talked about under a thousand dollars under 1400 but if you find the
right uh our money lender they're often they will do a hundred percent financing that's your rehab
everything but the key right here is they're not looking for credit they're not talking about your
own your employment status that they're mainly focused on the deal and the reason being if they
want to make sure that if you don't actually uh perform and they have to pay back the property
they're going to make their return on their investment they're going to back property they're
gonna you know give all their money back out plus profit so um they're gonna evaluate that deal and
they're most likely very seasoned investors themselves they've probably fixed and put
quite a few in their past as well so that by them actually evaluating the property that you've found
or you've got a wholesaler you know uh you know lead to get you whatever it might be they're gonna
also evaluate that property and they're gonna help be another kind of uh system check for you
to make sure that that's a really good deal and if they give the thumbs up you probably know you have
a really stellar deal on your hands and so you're going to be doing it really well and so you can
either fix and flip that and then pay off the hard money lender after the sale or you can leverage um
using the bur fat gate where you're gonna buy it you're gonna fix it up rent it out and then
after maybe a season period you're going to work with like a local credit union or a local bank
and refinance that property pay off the investor have pretty much no money involved in yourself and
making you know making your money out as long as that you have everything when you're into
a property with the purchase and the rehab for seventy percent of the aod all day long
when you burst strategy out pull all your money out and you'll be uh looking for a great deal
for you you're getting a great deal as always guys we're looking to pay it forward so i hope this is
really helpful i hope you get ready to get started make hope you make you know this year a great year
for you guys and you want to learn more about something like wholesaling check out this video
here i'm sure it will be really helpful and i hope to see you guys in the next video thanks guys