Today, I want to talk about how to invest in real estate with no money….. or very little money. I’ve owned over 2000 houses that I rented out and held long term as well as multiple apartment communities…. so far in my career. I believe in buying property to hold long-term and that the best properties to do that with are multifamily. Those of you that listen to my podcast or have read my book know that my focus now is multi family properties. That said though….
Even though I suggest focusing on multifamily,…. I’m gonna tell you how I bought 500 houses in Denver with none of my own money. There is a formula for that. How I accomplished that is much different from how you can buy multi family with little or no money…. which I’m also going to share with you today. So we’ll start with single family. The bottom line key to buying any type of property with none of your own money is putting together a system to find great deals. ….I’ve always said …..and many other real estate thought leaders agree…… that if you find the deal you’ll find the money. Now that’s a very simplistic statement so let me dig into it for you. The key to buying property with little or none of your own money is your ability to find great deals and then be competent and confident enough to influence people to invest with you. So let’s talk about each of those components. How to find deals? You’re not going to find great deals listed on the market. You have to set up a machine that gets off market deals coming across your desk. And there are a number of ways that you can do that. For example driving around and looking for rundown properties.I’ll give you a big example of how well that works in just a minute. I personally bought hundreds of houses going and knocking on doors of people that were in foreclosure. Going up to the door and saying hey I saw your having some trouble with XYZ mortgage company and I help people in these situations you want to chat about it? Now… If you’ve listened to my podcast or read my book you’ll have heard me say that if you’re willing to do what other people are willing to do you’ll be a success. I’ll give you a couple other examples of that in a minute.