Today, we’re gonna be going over how to begin investing in real estate with no money. A lot of people believe you need a lot of capital to get started in real estate investing. But that’s not the case, you can actually do your first deal or do several deals without having to invest any money upfront or spend any money on marketing, I’m going to explain exactly how you can do that
by the end of this video, you’re going to know exactly what wholesaling is and how you can get deals without any money spent, we’re going to discover exactly what creative financing is, and how you can get the deals with $0 down, I’m going to teach you how to leverage partnerships so you can leverage other people and do deals with their expertise and without your money and using their money. And if you have some money, I’m going to tell you about the app that I recommend that helps you get deals quicker, faster and easier. So let’s dive right in. So let me break down one of the myths, the myths that a lot of people have. And that is incorrect. I’m about to do Mythbusters is that you need money to get started investing in real estate. That’s not true. I do what’s called wholesaling. Okay, I don’t only wholesale it, I use it as one of my extra strategies when I have a property, if I don’t want to fix it up, if I don’t want to keep it, if I don’t want to burn it, I can wholesale it. And that’s basically when you have the contract to purchase the property instead of you closing on it, you have the rights to assign your contract to another investor for a fee. And if you assign that you get an assignment fee. So for example, if you have a house for 100,000. And you know somebody will buy it from you for 120, you can take your contract with that seller for 100,000 and assign it to the other buyer for 120,000. So you have a $20,000 assignment fee, and you did not own the property, you just took your rights to purchase it and assigned it now, that’s what wholesaling is, it’s called an assignment fee or an assignment. And you don’t have to have any money to do that. You don’t have to have any money to find that deal. You don’t have to have any money to get that contract. You don’t have to spend money. And that’s where I’m talking about you do not need money in order to get started in real estate investing. Now one of the other strategies I’m going to talk to you about is creative financing. If you don’t know what creative financing is, it’s basically instead of going to get a bank loan from the bank and asking them, you know, hey, can you prove me? Are you going to be able to give me a loan, you go directly to the seller and you say, hey, seller, instead of me hoping to get qualified from that bank? Can you finance me, I’ll give you some money down. And usually you’re able to negotiate how much you’re supposed to put down with the seller, I just did a deal with for $0 down in Florida, where I was able to take over the properties payments and get the house and I didn’t have to bring any money down and actually was able to assign this deal and wholesale it to one of my buyers for $5,000 and ownership in the property. So you can definitely get the deals now in being able to find those opportunities is the tricky part. And that’s basically what you got to learn, you got to learn to know where to look. But that is what getting into real estate looks like doing creative financing with no money. Now another way that I love doing deals is through what’s called the painless flipping method. My last name is pain. So I call it the painless flipping method, because this pain is just not very painful. I network with individuals, and I find out exactly what they want to buy. And then what I do is I go look for those opportunities. It doesn’t cost me any money to have a conversation, I don’t have to pay anything, or have to have 1000s of dollars in money saved up. I have conversations with buyers, I have money and I say what do you want to buy? Then I go look for those opportunities on the MLS from other wholesalers through online, Craigslist, I don’t use Craigslist, I’m just saying there’s a lot of opportunities that you can go find without having to spend money on marketing, like mailers and all that other crap. So I use networking, and I leverage other people that other people’s money or other people’s desire to buy properties, bringing those properties and they say what would you pay, I add my fee in there, but a bing bada boom, it’s done. That is the painless flipping method in really short and you do not need any money to do that. And the cool thing about the method too, is you don’t necessarily have to wholesale the deal to your the person that you’re working with, you can just get an you know, an invoice, they can write you a check, they can buy you 100 gift cards, it doesn’t matter, whatever you want to get paid, but you’re basically bringing value to them. And it doesn’t cost you any money to do that. And another thing that’s really cool about that is if you bring someone a deal, you have the power. So you could say, hey, look, not only do I want to get paid a little bit up front, but hey, I would really like to have some ownership in this deal. And that’s what I do with that’s what I the deal I did in Florida. Now that’s a great strategy to do if you want to acquire more properties instead, just wholesale and get rid of all them. Try to stay in the middle and you can do that instead of taking a $50,000 wholesaler assignment fee. Maybe just take 25,000 and ask the person that the flipper the person, the landlord yourself wholesaling, to just say, Hey, give me some equity ownership, I want to own more properties. And that’s how you can do it. You can negotiate anything that way. And again, you don’t need any money to do that. You just need to be able to find the deal. Now look, if you have some money now I’ve been trying to teach you strategies right now, I’m not trying I’ve been teaching strategies that work. You don’t need any money. But if you have some money, batch leads is one of the software’s that I use. Were able to drive for dollars and Mark properties you’re able to send out text message cold call pull lists. Since it’s very, very useful and actually have a video that demonstrates how to use it and breaks it down step by step and why it’s useful and you know, if you’re interested in trying out I have a link right down below you can try it absolutely for free for seven days. And I love using my business that helps speed up the process now, you don’t need the service but it is absolutely extremely helpful to have so you can get more deals so check it out. Let’s dive right in in this video so you can see how you can do get your first deal with batch leads. So bachelors 3.0 quick highlights I’m gonna go over guys nothing crazy. Let’s just get into it virtual driving for dollars all right, check this out. So if you have deal machine great deal machines is like 50 bucks a month I have it but guys it’s just it just does. From what I use deal machine for is just for driving for dollars. That’s it batch leads on top of texting pulling lists, skip tracing mailing, it also now does virtual driving for dollars. Another thing is inept click to dial if you’re tired of you know being on batch or any prop stream or any other platform. And then you know having to call the number the number dial it in. That’s that takes too much time. I don’t want to do that batch the end dialer app dialer. So you can literally call a number that you skip trace and insert dialing Smart Search. I mean, I don’t need to really say too much more than it’s smart. Okay, smart search. Let’s get it going. All right, all new mobile app. Well, let’s go. I don’t always want to be on my computer. I got my phone on me all the time. When I’m walking around with my wife in the neighborhood. I see a house that looks distressed got the windows broken Tallgrass people haven’t been taking care of it. I’m going to mark it on my app now. Okay, multiple workspaces. And then if you have a team then get it going guys, there’s a you know, you can have multiple people in your space team workspaces lead scoring, I think that’s so you can enable you to like know what what lists have the highest motivation and lead scoring this is this is for sorting list for the highest motivation. So enhanced cash buyers list, we all need need cash buyers. So that’s good. The first step you got to do and try and get an off market deals, you got to find leads, you got to generate some leads. How do you guys do that? Well, I’m gonna show you through driving for dollars. So you want to get a deal. You need to get some leads, how are you going to get some leads, you’re going to generate them through driving for dollars. Now I am in Utah, I’m in a wholesale nationwide I can do to deal anywhere. But right now, for this example, we’re going to go to where I live. Okay, so we’re gonna go to Salt Lake City, Utah, kind of what I want to do now I want to this little lady right here, this little guy and dragging on to the place where I want to start driving fellas. Right now I’m in the area. Okay, let’s look for some crappy houses together. Right, everybody? So right here, let’s see if we got some some houses that look like they need some work. Um, that one looks okay. I mean, look at this, they’re obviously not taking care of the parking strip. But most people aren’t in Utah, I would honestly maybe even mark that. Let’s do that. So what you do is just click on it, and I save it and you’re going to save it to a specific list Okay, and lists I’m going to save it to is going to be the driving for dollars White City, okay, because so now I know what this list is coming from. And then the tag I’m going to use is usually you use the tag as the specific list you’re hitting. So this is a driving for dollars list. So I’m going to save it to this list. So now just within a second I was able to add one distressed and property potentially distressed property to my list. Okay, so this is the first step you identify distressed properties and then you market to them with a cold call a door knock whatever. Okay, so let’s let’s do a little bit more. I mean, it was very simple. I hope I hope you guys all got that in the area. We’re driving for dollars virtually. Alright, so let’s see if there’s anything else. Any other crappy houses in this neighborhood? Okay. Ooh, snap guys thing we found one look at this thing. So this would be an example of a property we hit. And look, it’s got the ugly door windows are old. I mean, that doesn’t necessarily mean this person wants to sell but it’s a good indicator that this person might want to sell right new roof looks kind of new. So what do I do? Simple you click it you save it? What list do you save it to? Obviously the one that we’re talking about that driving for dollars white city outside of Salt Lake, you’re gonna go to tag driving for dollars list. That was a tutorial right there guys on how to drive for dollars so easy. That’s like the easiest thing I’ve done in a while. There you have it, everybody. So that’s the first step when you’re trying to do your first deal. Now what’s the next step after you, you pull the list or make the list or drive for dollars on lists, you’re going to skip trace it okay, you can skip trace it all within batch leads. Again, if you don’t want to use batch leads, a skip trace, do whatever you want. So after you pull the list, you’re gonna pull lists that’s only has names and address but it has no phone number, no email. So you’re gonna have to skip trace that that’s what skip tracing does is it gets you the phone number so you can contact them so you can email them, you can reach out to them so you skip trace list after making on driving for dollars or pulling it you skip trace it and then you go into the campaign section. Okay, and this is where you got to decide how you’re going to reach out to that person.
That’s all that this job is. I mean, you pull list, you skip trace it and then you decide what’s the best way for you to get a hold of that person, are you going to? Are you going to go knock the door? Are you going to go to call them? Are you going to cold? Call them? Are you going to put them in a triple line dialer and on batch dialer and just try to get a hold of as many people as possible? Are you going to call one by one on your cell phone? Are you going to text them? Okay? So let’s go over here really quick. So if you’re going to text them to campaigns and campaigns, you have the opportunity to do an SMS or direct mail. Okay, so there’s the SMS, super easy, just get it going. And there’s a bunch of tutorials on how to do it. Now. You’ve identified opportunities, you pull the list, you skip trace them, now you’re marketing to them. Again, you’re trying to get a hold of them any way you can knock tacks cold call, mail, doesn’t matter. Okay? Get just get on the phone with the seller. Now, once you get on the phone and sell it, that’s where the magic happens. That’s when you start talking to them about what they want. You start talking to them about what they need, and you try to negotiate a deal then you’d have them sign the paperwork, you get the house under contract and you bring it to me and I can dispose it or you dispose yourself doesn’t matter and then you get paid. So wholesaling is not complicated. The problem is with wholesaling or people think with wholesaling is it just requires massive action. But most things require massive action. If you want to get good and get paid. The most simple thing I tell you is go get lists, skip trace them and just reach out to any way you can get on the phone with a seller because I’m going to beat you if I make more calls than you or I talk to more people. That’s just how I’m going to make if I make more offers in you, I’m going to get more deals in you. I hope that video was helpful. And if you liked that one, please check out the one above or at the end of this video because we got a lot more where that came from. And if you find this helpful also please subscribe to our channel. We’re trying to grow this channel and get in front of more people so we can help more people succeed. See you next time.
