Lux Investing

What is the most easiest way to get into real estate investing?

What are some ways to begin in real estate investing with litttle or no money? Can you start in real esate investing with no money?

Public Comments

1. You cannot start any investing with no money.
2. my advice would be to come up with enough money to put a significant down payment on a property with a very low interest rate. You will be able to rent the property and make your payments, but keep in mind if it is not rented, that money comes out of your pocket. So, the more you can put down and keep your payments low, the less likely you are to have to use your own money. Also, if you get the first property paid for in full then hopefully you got a good deal on the property and can open up a home equity line of credit which will then allow you to buy more properties without putting any more money in.
3. You should try to define the term "investing" more specifically. Look at the first 5 words in the definition. What Does Investing Mean? The act of committing money or capital to an endeavor (a business, project, real estate, etc.) with the expectation of obtaining an additional income or profit. Investing also can include the amount of time you put into the study of a prospective company, especially since time is money. Investopedia explains Investing Investing is the key to building wealth, but investing in and of itself is not enough. You have to invest wisely! 6 Steps to Becoming a Successful Real Estate Investor by Robert Kiyosaki Part 1 http://youtube.com/watch?v=js2zfrrixvi&m... Part 2 http://youtube.com/watch?v=fnmbp3arvuw&m... Part 3 http://youtube.com/watch?v=yedk0hgjdga&m... Part 4 http://youtube.com/watch?v=asxtj6vzuku&m... Part 5 http://youtube.com/watch?v=6dew4tctji0... Part 6 http://youtube.com/watch?v=asxtj6vzuku&m...
4. Learn the basics first: How to learn Mortgage Basics http://www.ehow.com/how_5850525_learn-mortgage-basics.html
5. The best way to get started is to do as much research as possible. Yahoo groups has many free groups to get good info on real estate investing, try the CREI-Alliance on yahoo groups. There are ways to get into real estate deals with out any of your own money but understand it does take money for a real estate deal to go through it just does not have to be your money.
6. Google Ron Legrand. He is the best teacher on how to make money in real estate with no money.