There are over 1.2 million members of the National Association of Realtors (NAR) as reported last November 2008. It won’t be surprising to find out that it has increased since. There are lots of Realtors in the entire world and it probably won’t be too surprising if some of them started investing in real estate with no money. If you want to be like them, here are a few tips;
Join a real estate club
Every city in this world has at least on real estate club. This is a great avenue for people to be acquainted in the world of real estate investing without costing much. Real estate clubs act like a library of information about the world of real estate. Lots of different kinds of people may be members of this club. Networking with a few of them will be prove to be of much help to anyone who wants to invest in real estate.
Network with others
Having a business card ready is a smart thing to do. Every time businessmen meet other people, they always have a business card ready in case that certain acquaintance might request for it. They, too, will ask their acquaintance’s business card to keep in touch and communicate with them even after the sale or transaction.
Networking is also crucial in real estate investing. Veteran Realtors offer lots of input and exchanging business cards with them is the first step to becoming like them too.
Talking to friends and family who may have an idea or two about real estate investing is a great way to start, too. Not only is the information free of charge, the information they give is usually honest. The world of real estate is not easy, not even for those who invest with lots of money. If anyone is to be successful in real estate investing with no money, then a truckload of knowledge will surely be needed.
It doesn’t have to be a formal education about real estate investment. Sometimes, people get tons of education from personal experience and even from the experience of others who have tried it before. Reading books, articles, and different types of information about real estate investing on the internet is a great way to get educated without spending lots of money.
The information learned may not be refined and organized but it is good enough to give someone tools to venture in the world of real estate investing.
Just do it
No, this is not a NIKE commercial. But rather, this is a call to action. A lot of people dream of knowing how to invest in real estate with no money. They then follow the first three guidelines quickly. Unfortunately, a lot of them forget to read this last one.
Often, people get scared to do something new and risky so they just fold up and hang up their hopes. That is not the way to go. No one ever succeeds without facing risks. In the end, no matter how many books are read, experiences tried or even how many expert tips and tricks learned, it all boils down to whether that certain person has the guts to just do it.
Real estate investing is not a walk in the park. It is a difficult thing to do and may potentially be devastating for the finances. Real estate investing with no money, however, is on a totally different level. The guidelines above will help anyone interested, just don’t forget to read them well.