How to become a Real Estate Investor With No Money or Credit

Yes you can become a real estate investor even in today's crazy or maybe not so crazy real estate market.

There is an old Chinese proverb that says, Where there is Chaos there is Opportunity.

The time to get into real estate is now. During the depression more millionaires were created in that time than anytime before and the opportunity to create great wealth has come around again. This is how to get your piece of the pie.



1. Find a property. This can be done by walking around your neighborhood. It's always best to start close to home. There are a number of ways to do this but this is the easiest.

2. Do your research on the property. You can do an online search to find the owner or you can use a paid search service if your budget can handle it.

3. Contact the owner, talk to the owner, listen to the owner and get the house under contract.

4. This is where your no money or credit not needed comes in. You can take the contract to an investor who has the money or credit and sell your position as principal for a fee of $500 to $5000. This was all done with you not having any money or credit.

5. Make sure you do your research on the property because this is going to tell you whether or not you have a deal. Remember, it is the deal you are selling and if it doesn't make sense it will not sell.

6. One of the most important if not the most important factor in your becoming a successful real estate investor is your mindset. If you are still thinking like an employee who is looking for approval and asking for permission to succeed, then you will never get there. I would suggest reading a book like Rich Dad, Poor Dad by Robert Kiyosaki. If you get nothing else out of this book, you will learn the difference between the four people in this world - employee, specialist, business owner or investor - where you are and what you have to do to move from that quadrant.