How To Flip Houses With No Money Down
Is it easier to invest in real estate if you have a lot of money? Absolutely. However if you don’t have any money but do have the right motivation, then you can definitely fund a house flip deal using other people’s money.
In the house flip world we refer to this as using OPM. By immersing yourself in the real estate investing world, you will meet like minded people that are all involved in house flipping and real estate investing. Networking is the #1 key to locating people that are willing to invest with you.
Good morning everyone, Mike Lacava with House Flipping School.
One of the questions that I get asked a lot is; “How do I get into this business with no money down? I see all of these real estate gurus on television saying that anyone can do this, no credit, bad credit, no money”.
The bottom line is, you can do it. I am here to tell you that you can do it with no money down. Is it easier to do it if you have money? Absolutely. I’ll be the first one to tell you, that if you have a large sum of money and you want to get involved in real estate investing, it is absolutely easier
But if you are motivated, you want to get into house flipping, then you can do it with no money. It’s no mystery; it’s called OPM (other people’s money). And how do you do that? You don’t just go knocking on doors, or pick up the phone and call your family, the first thing that you want to do is you want to get educated. You want to start reading books and learn about house flipping. One of the best ways to do that is to immerse yourself around people that are doing the business.. You can go to real estate investment meetings; they are all over the country, REIA, Real Estate Investment Association.
Immerse yourself around like-minded people and talk to them. Talk to people that are flipping houses, talk to people like myself. At the end of the day, you want to get into this business, don’t let money stop you. That’s just a quick tip for today.
I’d love to help you out, and help you pursue your dreams in the house flipping business.
Thanks again, this is Mike from House Flipping School.
Please feel free to leave a comment below if you have any questions regarding how to flip houses with no money down.