So, some of you have been searching on google and asking this question: "How to
start a real estate business without an investment?" And I want to give you the
real great answer because I think you're going to be really happy that you can. But
I'm going to really tell you how. Because there's some tricks, though things have
changed. And I want to give you some great information.
So, let's go.
So, first I'm going to give you the step-by-step on how to do it, okay?
Because there's some very specific steps if you want to do this truly without an
investment that you're going to need to follow. So, I'm going to give you that step
by step so that you truly can do this without an investment. I'm going to give you
some information if you do decide to start without any investment any of your
own money. I'm going to tell you some tips and some tricks on what to
avoid some mistakes that you want to avoid by doing it this way. We're going to
talk about if you have to get debt... So many people ask this question. Like, "Okay,
there's starting without an investment, I mean, I need to borrow money or go into
debt?" I'm going to talk to you about that and what that means. And if you do need
to do that or if you don't need to do that, we're going to have that discussion.
I'm going to give you some great ways and tips to avoid that. And then finally, I'm
going to tell you how to do this with just your cell phone, okay? I'm going to tell you
how to start your real estate investment without an investment with only a cell
phone. So, the first thing that you want to do when you're starting a real estate
investment business, okay? You want to start your own real estate business.
You're going to have to go through some very quick steps. And it's not very hard
at all. So, let me give them to you. Number 1, you need to name your business. What
is your business going to be named? And we are in a real estate business. That
means so many different things. We have real estate agents and they have realty
companies and then we have businesses that say real estate and yet they do
property management. They... You know, we have real estate businesses and they
qualify tenants and do background checks and do criminal checks on people. And
that's real estate and... You know, qualified people. And that's one way to
do it. And then we have real estate investing where we fix and flip houses.
And we wholesale properties. So, there's so many different things and types of
businesses that you can start in real estate. And so, you have to decide which
one of those things is your business going to do and then name your business
accordingly. So, let's kind of talk through that. If like I said, you decide
"I'm going to be a real estate business and I want to focus on fixing and
flipping." Alright? "I want to find properties and I want to fix and flip
them." Then you may name your business something
that has to do with that. You wouldn't want to just say, "Noelle's
real-estate business" or "Randall real estate" I wouldn't do that. I
would put something very specific so that you knew that I fix and fix
properties. That I started with properties that were ugly,
maybe use a word like that. And that I transform them or I sell
properties that have already been renovated. You know, what's the
business do and who is the business for? So, to give you an example of what you
wouldn't want to name your business, it would be something like ABC
property renovations or ABC a luxury blah blah blah. Or whatever the case may
be. You might take the name of your city and put that to brand your business
around the city or the state that you work in.
You may brand your business around yourself. This is not something that I
necessarily recommend per se unless you're really going to go into building
your whole brand. But some people do it and I'm totally okay. And can tell you
how to do that. And then the final thing that you want to do is name the business
and avoid the words real estate and Realty. They're just too vague. You really
want to put a little bit more in there so people know that what you do is "I
focus on fix and flipping." Or "I help people that are behind on their
payments. I help people with property solutions. I help people with
property problems." Or "We are a property renovations company." Or whatever
the situation may be, you want to get a little bit more specific and name your
business accordingly. Additionally, you probably don't want to put more than
three or four words in your business name. So, don't go with this really long
thing talking about I do foreclosures and fix and flip and put all that stuff
in your business name. Keep it simple but avoid being too vague and saying, "blah,
blah, blah real estate." That's not enough. You want to give it a little bit more
meat. Number 2, once you have your name picked out for your business, okay?
Because that was completely free. We haven't spent any money. As I said,
there's no investment. The next thing that you want to do is start the
business. So, in this year's... 2020, everybody has a website. So, you're
going to need a website. You're going to need a phone number. You're going
neither email. So, just some simple ways that people can find you and people can
contact you. And again, all of those 3 things are free, okay? You can get a free
email. You can get a email that says, ABCRealty@gmail.com. Or
ABCpropertysolutions@hotmail.com. Again, that's not the most professional
way to do it. But again, we're on a budget here. We're talking about doing
this without much money. Without much of an investment. So, I'm giving you some
free ways to get your email. But still make it a little bit more professional
instead of just using your own name at Gmail. Get another a new one with your
business name, okay? And then when you grow the business, go ahead and get that
real email address like Noelle@ABCcompany.com.
In the beginning, it just may be ABCcompany@gmail.com. But as I get some
deals, I'm going to change that and put my name @abc.com. So, you'll get that. We'll
get there. The next thing. Because email is easy. We know how to get an email. A phone
number. You need a phone number. You don't want to just give out your cell phone
number. So, you want to get a... Google phone number is completely free, okay? There's
lots of numbers that are completely free. But Google is one that everyone knows. A
Google phone number. You can get that for your business. And that can be the number
that you use and it rings to your cell phone. So, again, completely free. And then
a website. How do you get a free website? There's lots of free websites. Now, again,
some of them may have the branding of the person that gave you the website. But
we're doing this on a budget. So.. Again, we'll graduate as if we get some money
in. So, wix.com is one that gives out free websites. There's some low cost options
that GoDaddy and a few others that are like 5 and 10 dollars. But again,
there are free websites you can totally Google this and find free websites. But
you need a way for people to contact you. And again, we're doing this without a
budget. So, that's how you do it. The next thing you want to do when starting your
business and getting going is start marketing. You want to start marketing. In
other words, you want to start finding people that are looking to sell property.
Finding people with property problems that need a solution that needs to sell
or that are looking to buy, okay? I'm going to give you another caveat because this is
like secret stuff. Not only do you want to find people with property problems
that have an issue and you're trying to get them under contract. But here's the
mother lode. You want to find people that want to buy a home and have bad credit.
Okay? These people are amazing for you because
they want to buy... They want to basically do rent to owns or lease purchases or
whatever we call them. And they may not have the credit to do it. And so... So many
investors are looking for these people because they have properties and they
can do lease purchases with these people. And it's a really lucrative way for you
to make money and for them to get the home that they want, okay? There's a lot
of people that they are not bad people. Just because you have bad credit or
you're self-employed or your income is not documentable does not mean that you
don't get to live in a home and buy a home. We just have to get a little bit
more creative. And so, as a real estate investor especially you guys watching
this video, probably newer to this, you want to not only find people with
property problems and people motivated sellers and all that things,
those things that you hear. People that are you know in foreclosure and
bankruptcy and divorce and probate. Okay, yes. Definitely look for those people. But
also, put ads out and look for people again for free that have bad credit and
want to buy a home. So, after you started marketing and you've put out ads, again,
you can put them on Craigslist. You can put them on Zillow. You can search for a
lot of free sites and start putting some ads or looking on Zillow for people that
are doing for Sale By Owner or for rent by owner or they listed the property
themselves. You can literally contact those people. But let's talk about
finding those people with bad credit. So, you find the people that have bad credit
and want to buy a home. And now, you literally have a list of buyers, okay?
That is a list of buyers. People think that buyers are always people that are
investors that want to fix and flip. But people that want to buy a home and they
have bad credit or they have a situation, they are a great resource for a real
estate investor to start making some money by matching those people up to
real estate investors that we have properties or that get
properties and fix them up. And can offer those people with bad credit, they can
offer them owner financing. They can offer them lease purchases, they can
offer them rent to own. So, many things. And in the process, you will get paid. You
pick up fees, you pick up marketing fees. You pick up referral fees. You pick up
commission. I mean... Oh, my gosh. It's amazing. So, if you want more information
about this, this is probably... This video will be way too long about all of the
different ways that you would get paid. So, you can go to noellesfreetraining
.com and I give you the formula there and that free webinar. And that'll help
you out so much. Okay, so that wraps up this video. Hopefully now you see. You
truly, truly can start a real estate business without an investment. I gave
you a free way to get everything that you need. The only thing that I would
recommend that I didn't say that it's not for this because it's not required
is of course a business license. Now, again, we said no investment. So, I want it
to really stay true to what the question was and answer your question we're truly
was no money. But if you have a few hundred dollars, I do recommend you get a
business license because that will establish you. And then you can also get
the business credit. And I have a ton of content there for business credit. So,
watch these videos. Like this. If you have any questions, comment below. I leave
every single comment and I reply and we have great conversation. I just want you
guys to be successful. And I release a content every single day to help you in
your business. So, please. Talk to you next time.