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What is the most easiest way to get into real estate investing?

What are some ways to begin in real estate investing with little or no money? Can you start in real estate investing with no money?

IRAman: Many good answers given in the comments area. The key things to remember with starting out:

  1. Find a mentor in your area in possible – will save you time, money, and headaches in the long run.
  2. Most money in real estate is actually made when you buy, i.e. buy right, and you can make some money – buy wrong, and you may never catch up.
  3. Real Estate is a build wealth model…no a get rich quick one. Slow and steady stays in the game.

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This entry was posted on Sunday, March 21st, 2010 at 11:46 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

11 Responses to “What is the most easiest way to get into real estate investing?”

  1. TLi Says:
    March 21st, 2010 at 12:38 pm

    Join a real estate investing club if there is one in your area. The education is priceless.

    Find a wholesaler…these are mostly the guys that have the "I Buy Houses" ads on the street corners and newspapers.

    Find a lender who will lend based on Appraised Value rather than on Purchase price. This is not easy to do, but it is possible. You can also work with Hard Money Lenders…steep rates, but often worth it.

    My first deal was a house from a wholesaler. It appraised for $51,500 and he was selling it for $26,200. (He got it from a bank for $10,000 I later found out).

    I had a hard money lender loan me all the money and then refinanced one week later (which is not easy but can be done) and cashed out at 80%. The hard money lender arranged everything.

    In short, I bought a house for $32,000 ($26,200 plus fees and closing costs) with hard money. Refinanced at $42,000. Left closing with approx. $10,000 (42k-32k) and still had almost $10,000 in equity. Not one dime of my own money.

  2. knowitall Says:
    March 21st, 2010 at 12:38 pm

    You cannot start any investing with no money.

  3. matt d Says:
    March 21st, 2010 at 12:38 pm

    my advice would be to come up with enough money to put a significant down payment on a property with a very low interest rate. You will be able to rent the property and make your payments, but keep in mind if it is not rented, that money comes out of your pocket. So, the more you can put down and keep your payments low, the less likely you are to have to use your own money. Also, if you get the first property paid for in full then hopefully you got a good deal on the property and can open up a home equity line of credit which will then allow you to buy more properties without putting any more money in.

  4. b2fnow Says:
    March 21st, 2010 at 12:38 pm

    You should try to define the term "investing" more specifically. Look at the first 5 words in the definition.

    What Does Investing Mean?
    The act of committing money or capital to an endeavor (a business, project, real estate, etc.) with the expectation of obtaining an additional income or profit. Investing also can include the amount of time you put into the study of a prospective company, especially since time is money.

    Investopedia explains Investing
    Investing is the key to building wealth, but investing in and of itself is not enough. You have to invest wisely!

    6 Steps to Becoming a Successful Real Estate Investor
    by Robert Kiyosaki

    Part 1 http://youtube.com/watch?v=js2zfrrixvi&m...

    Part 2
    http://youtube.com/watch?v=fnmbp3arvuw&m...

    Part 3
    http://youtube.com/watch?v=yedk0hgjdga&m...

    Part 4

    http://youtube.com/watch?v=asxtj6vzuku&m...

    Part 5
    http://youtube.com/watch?v=6dew4tctji0...

    Part 6
    http://youtube.com/watch?v=asxtj6vzuku&m...

  5. tonypoe Says:
    March 21st, 2010 at 12:38 pm

    Learn the basics first:

    How to learn Mortgage Basics
    http://www.ehow.com/how_5850525_learn-mortgage-basics.html

  6. Gator Says:
    March 21st, 2010 at 12:38 pm

    The best way to get started is to do as much research as possible. Yahoo groups has many free groups to get good info on real estate investing, try the CREI-Alliance on yahoo groups. There are ways to get into real estate deals with out any of your own money but understand it does take money for a real estate deal to go through it just does not have to be your money.

  7. aaronwilliams123456 Says:
    March 21st, 2010 at 12:38 pm

    Google Ron Legrand. He is the best teacher on how to make money in real estate with no money.

  8. Popi M Says:
    March 21st, 2010 at 12:38 pm

    http://www.mrjmassey.com

    He’s done it and has taught others how as well.

  9. webdesignlondon Says:
    March 22nd, 2010 at 2:38 am

    Hey one could easily know about real estate investment by your valuble tips .I would strongly recommend your site to people who would like to know about real estate investments .Thanks for you info.

  10. James Mucci@Michigan Refinance Says:
    March 22nd, 2010 at 9:26 pm

    Property flipping restrictions have become more common in mortgage underwriting guidelines, so if you are able to buy a home, somehow, without your own money, you need to be prepared to own it for at least 3 to 6 months. Unless you can find a cash buyer, or are willing and able to provide seller financing to any potential buyer.

    The stories of what has been done in the past are virtually irrelevant as today’s mortgage market has become more restrictive than it’s been in 20-30 years, and getting tighter everyday.

    Proceed with caution.
    .-= James Mucci@Michigan Refinance´s last blog ..Michigan Refinance or Modification? =-.

  11. Charles Says:
    July 29th, 2010 at 3:52 am

    John…

    buy Singulair 4mg…

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