Posted by Mike on April 29, 2002 at 24:15:16:
Dear Jim,
I am very interested in becoming a realestate Investor. Recently I purchesed Carlton Sheets Program, indeed I gained some valuable Information I found alot of his information confusing.I have not any money down nor good credit, If you would have some advice or could help me out in any way I would be greatful.
Sincerly,
Mike Kagy
How to earn money in real estate with no money?? - Posted by eddieson
Posted by eddieson on April 05, 2002 at 06:44:07:
Dear All,
Any one can kindly advice on the subject? Please don’t link me to those purchase websites, I only need to hear from true experiences.
Thanks you very much, and I wish all of you success and prosperous.
Eddieson
Re: How to earn money in real estate - Posted by Jim Pack (GA-FL)
Posted by Jim Pack (GA-FL) on April 06, 2002 at 08:54:42:
Not sure of your question, either. A good place to start would be to find out if there is a Real Estate Investment Club in your area and go to the meetings. You can see for yourself that there are people making a living off real estate investing and that it really works. There are many different areas of investing so it’s good to go to a meeting, meet different folks doing different things.
I personally love dealing with mobile homes and handy-man specials/rehabs. I sell with financing, i.e. Lease Options and Rent-to-Own. I also use hard money lenders, banks, investors and whatever I can dream-up.
The real estate investing field is wide open. Just takes an interest to learn and a love of working the biz to get started! Good luck,
Jim Pack (GA-FL)
Re:How to earn money in realestate with no money?? - Posted by Ed Garcia
Posted by Ed Garcia on April 05, 2002 at 10:46:21:
Eddison,
The techniques most used are,
TOP (Take Over Payments)
Lease/Option
Seller Carry Back
And combinations of the above such as Wrapping a loan, Land contract etc.
Bill Gatten has a PacTrust program which has all the ear markings of a land trust, that I think is a good program for someone just starting out with no money.
I’m not exactly sure what you wanted when you asked your question but these few methods are the most commonly used.
Ed Garcia
Re:How to earn money in realestate with no money?? - Posted by Jim Pack (GA-FL)
Posted by Jim Pack (GA-FL) on April 06, 2002 at 08:28:26:
Not sure of your question, either. A good place to start would be to find out if there is a Real Estate Investment Club in your area and go to the meetings. You can see for yourself that there are people making a living off real estate investing and that it really works. There are many different areas of investing so it’s good to go to a meeting, meet different folks doing different things.
I personally love dealing with mobile homes and handy-man specials/rehabs. I sell with financing, i.e. Lease Options and Rent-to-Own. I also use hard money lenders, banks, investors and whatever I can dream-up.
The real estate investing field is wide open. Just takes an interest to learn and a love of working the biz to get started! Good luck,
Jim Pack (GA-FL)