It Takes Money To Make Money…..Or Does It?
Nope, absolutely NOT! Not as a real estate investor anyway. The person who told you this is likely trying to justify why they are broke. What you are going to learn here as you come back is a step by step guide on how to make money in real estate starting with NO MONEY! It doesn’t matter if you have no job, no credit, no friends, negative net worth, bankrupt and you are absolutely broke!
The fact of the matter is that, if you can’t make money with no money, then you can’t make money with money. In the case of real estate investing, it’s likely to hurt you if you have money than if you do not. Too many times do we just throw money at problems to try and fix them. You are better off broke to start this journey.
The key is to leverage your time and your brain. Stay in control, follow the path of what someone successful left for you. There have been many people that succeed ahead of us in areas of our lives and too often we don’t follow them. We try and make our own path because we think it’s better or that we’re smarter. Don’t make this mistake. There is no room for egos in real estate investing.
A few things you need to understand before you move forward.
- Don’t be a “Flipper”. If you are just starting out in real estate investing the last thing that you want to do is rehab and flip a house. You just don’t simply have the skill set and knowledge to pull this off. There are too many unknowns and variables when it comes to rehabbing a house for a profit. Be a wholesaler. That’s what you will learn here. If you had some big dreams and thoughts of being a flipper, then I apologize for bursting your bubble, but trust me it’s for the best!
- If you take rejection personally, then this probably isn’t for you! I don’t mean to be a downer, but my purpose of this blog is to give you the truth and not to sugar coat things like some late night TV infomercial! This business is hard and there is a lot of rejection.
- If you have the work ethic of a slug. FORGET IT!
I’ll leave you with this. Real estate investing and wholesaling properties is for true entrepreneurs. Those who are willing to do what’s hard now so that the rest of their lives will be easy. Those who have the “I’ll do whatever it takes” attitude is who this is for. If you were hoping for some song and dance about how you are going to get rich over night with no money down, then I apologize. However, if you have the right attitude and work ethic then you can do EXTREMELY well with this business. It’s really just a matter of choice.