How to be a Real Estate Investor with No Money
This article will go over some of the best ways to invest in real estate without any money.
The first type of investing that can be started with no money is: Wholesaling.
Wholesaling is when an investor finds a motivated seller and offers them a cash offer if they can buy their property at a discounted price. The seller then accepts the offer and sells it to the Wholesaler at the discounted price and the Wholesaler become responsible for reselling it to another buyer at market value.
There are several different ways that wholesalers do that. One option is assigning the contract itself from the seller to the ultimate buyer. The other option is by doing a dual closing. In a dual closing, the real estate wholesaler will buy the property and immediately sell it to the buyer on the same day.
Another way people invest in real estate without any money is through tax sales. This is when the government auctions off foreclosed properties that were not paid on by their previous owners or mortgage holders. Properties that are going through tax sales or foreclosure sales are great places to look for motivated sellers.
Also, search for a property that can be bought with no money down. This can be accomplished by finding an owner who needs to sell their property quickly, but has no time or patience to deal with the myriad of buyers.
Last way is finding an investor that can cover all of the expenses of buying and selling the property. They will typically have their own motivation for buying and selling these properties.
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