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09-22-2011, 02:23 PM #1
Renter
- Join Date
- Sep 2011
- Posts
- 7
I dont know what to do
I want to get into the real estate business by first starting out flipping wholesale properties. I dont have any money at all, or credit. Everybody is telling me to come back when I have at least a couple thousand dollars. I know theres a way in getting in the business without having a lot of money. I just dont know how.
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09-23-2011, 05:13 AM #2
Moderator
- Join Date
- Sep 2007
- Location
- Outer Banks
- Posts
- 1,281
When you figure out how to invest without money or credit let me know.
Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.
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09-23-2011, 05:44 AM #3
Fixer Upper
- Join Date
- Sep 2011
- Location
- Budapest, Hungary
- Posts
- 24
I think I have to agree with Greg here: I'm dying to know how to set up a business without any kind of investment.
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Wait until you can afford it
If you have no credit and no startup money...it's just not possible unless you're taking a terrible property off of someone's hands for them...which is difficult to come by, but you wouldn't want it if you did. Simply put, you need money/credit to purchase a place. You need money/credit to fix it up. You need money/credit to pay for the mortgage/taxes & selling costs.
Basically, you need to start at the beginning. Get your credit good. Save money. You can't afford to take on this kind of risk until you're basic finances are squared away. It'd just end up eating a hole in your pocket.Last edited by homesforsaleinregina; 10-18-2011 at 11:13 AM.
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Getting into real estate cheap
I'd say the easiest way to get started for cheap is vacant land. We sell for as little as $33 down and don't do credit checks. We own all the land outright. When you pay it off, we send the deed for recording. Have a look, my web info is below.
Cheap Land for Sale at LandSalesCo.com - Signup to WIN A FREE PROPERTY!



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