No Credit No Money No Problem  Getting Started In Real Estate InvestingNo Credit No Money No Problem Getting Started In Real Estate Investing

Despite what the ?no money down? courses suggest on television, having money does make real estate investing much easier. In real estate, cash is king.

When you have lots of cash you can buy properties at a deep discount by offering all cash. You can rehab a property easily. You can swing deals that just can't be done in time by someone applying for loans. Cash makes life easier.

What if you don't have any cash at all? Worse, your credit is destroyed and you have to work at McDonalds at night to pay your bills. You don't have much time, you don't have credit, and you don't have money. Are you just hopeless? Are your dreams of profiting from real estate dead?

No. You can still make money in real estate. Believe it or not, there are still lots and lots of ways you can profit. Let's cover some of them.

Partnering or investing with another person or persons is on method. Find someone with credit or cash. You offer to do all the work of finding the property, and put the deal together. They put up whatever cash is needed, and then you split whatever profits are made. It's much better to have 20%, 40% or 50% of something than 100% of nothing. Both you and your partner will profit.

Manage properties. If you have management skills you might offer to manage an apartment building in exchange for a management fee or even a free apartment. You can get a free apartment by managing storage units as well if you are willing to put up with constant interruptions.

If you manage a building successfully for a while, you might ask the owner for an option to buy the building should he or she ever decide to sell. They know you; they trust you, especially if you do a good job. A ?no money down? sweet deal is in your future if you treat that owner right and do an excellent job.

Getting a license and working as a real estate agent is another way. A lot of people overlook this entry way into investing. There are many agents already in your area, and you would be new and inexperienced, so it could take time to earn a living. If you did it part time however you'll still know the market well and you'll have access to ?players? or people that invest. They might be your future partner if you do a good job for them. Find an investor a few juicy deals and they will be your friend for life. Offer to partner with them in the future and they might just take you up on it.

Be a Notary Public. A Notary is just someone that has taken an easy test, licensed by the State, who can put their seal on documents to certify that the parties signing are who they say they are. It's super easy to become a Notary. Why would being a Notary Public help you in investing: for the contacts. Investors need documents signed and notarized sometimes in the middle of the night. If they know you can perform this service for them, they will come to you. They will have your business card with them at all times. Having people with money, especially real estate investors and agents, knowing your name can launch you into a nice investment if you play it right.

Wholesaling properties or bird dogging can make you instant income without credit, financing, or the need for cash. A bird dog finds run down properties, or even just great deals, for other investors. They either get the deal under contract then assign it to an investor for cash, or they sell the lead to an investor. Whole books and courses have been written on this method of making money with real estate.

As you can see, if you have nothing, you can still make money in real estate. Don't let anyone tell you it can't be done. It can.

by Scott Ames
References and Bibliography

Scott Ames is publisher of a website dedicated to those interested in flipping houses for profit, either retail or wholesale. You may visit the site at

Rated:NR/0 Votes
Add To My Article Reading List
Add To My Article Reading List
Print Article
More Article By Scott Ames
More Article by Scott Ames
More Articles From Real Estate
More Articles From Real Estate
Related Articles and Readings
A Real Estate Primer By: Adem Hamidovic
There are a great many books and web sites devoted to real estate investing out there, but most of them concentrate on one specific area of investing. It's often hard to find a general description of real estate investing, one that lists the various real estate investing strategies and ...
Real Estate Investing Infomercial and Mentoring Scams By: Jeanette Joy Fisher
Flipping through late-night infomercials recently, I saw two real estate get-rich quick schemes, and I couldn't help but wonder why people still fall for those old scams? Has anyone really talked a seller out of his home for no money down with owner financing lately?Real estate infomercials do great harm ...
Real Estate Investing LIES Unveiled By: Steve Majors
Let's get REAL about something - and quelch the LIES you have been told about Real Estate Investing!?What I am going to reveal to you are some basic truths about Real Estate investing - truths that may totally affect the Real Estate investments you have now - ...
3 Simple Ways to Make More Money from Your Real Estate Investment By: Joel Teo
Real estate investment is one of the best long term forms of investment anyone can do and is readily understood by most of us. Some of us may be interested in buying properties that we can fix and flip, others might be interested in buying rental properties and make ...
Making Money in Real Estate By: Heather Seitz
WARNING: This single step can double your real estate investing income in the next 90 days.Decide on your target marketDetermine what your target market will be. I know from experience that it is really easy to want to do EVERYTHING: Foreclosures, probate, absentee owners, abandoned properties, tax liens, lease options, ...
The information provided in this article and/or the comments is the sole responsibility of their respective authors and does not necessarily reflect the opinion of  does not endorse any article and/or comments published by our web users unless otherwise noted. 

Member Panel

login to submit articles and more


  • » Active Categories: 419
  • » Active Articles:252470
  • » Active Authors:32056
  • » Active Members: 38202
  • » Statistics Updated:
    - Wed Jan 15th, 2020 03:31PM EST