My PushButton Automarketer Program – Automate your business:
My 6 month mentor program:
My Two Day Buying Events
My Real Estate Investing Blog:
My home study program (there are 68 free videos you can watch on this site):
A Free Audio About How To Automate Your Real Estate Investing Business:
Free E-letter Opt-In Page:
A few Case Study Video Interviews with my Students:
30 Day Free Trial Monthly Printed Newsletter and Audio:
And on youtube.com search “joseph4176″
I Only Have $100,000 To Invest How Should I Get Started
Joe: Hey, it’s Joe. This next question I hear quite a bit and the number, the dollar figure changes frequently, but the question is the same. And the question may be, “Joe, I’ve only got $100,000 to invest. Where should I start?” And it could be, “Joe, I’ve only got $5,000 to invest,” or, “I’ve got $10,000 to invest,” or “I’ve got half a million dollars to invest,” you know, “Where should I start?”
Joe: And my answer is always start without spending any of that money. Learn how to do real estate without using your own money. Do it with zero down. You know, I said in an earlier video, you know, they say you need money to make money? But I say if you can’t make money with no money, you probably can’t make money with money. So if you have $100K to invest, what’s likely to happen is you’re going to lose that money. I know I’ve lost so much money when I didn’t know what I was doing. And as I got better at it I started losing less of the cash that I invested. But you know, when I bought with zero down, I never lost any money that I invested. Because I didn’t have any money in the deal. And I didn’t have my credit in the deal. A lot of people will use their credit on these deals and that’ll screw them up even worse. I think the biggest mistake you can make is using your credit.
Joe: So stay away from your credit, stay away from your cash until you learn how to invest in a way that’s going to make you profitable every time. And I go through transactions and every once in a while I’ll still screw something up, but I rarely ever lose money, especially when it’s my own capital. And when I do invest money, I’ll invest it into properties that I buy free and clear. And if you’re in a high end market, that’s hard to do unless you go to a low end market and go find a property that you can buy for $20K or $30K or $50K and do a little rehab and turn it into a rental or turn it into a flip property and make $20K on it and then go do it again with $50K this time. So, that’s the process that you’re going to learn how to do by doing the zero down deals first. Because you’re going to screw up the zero down deals at the beginning. And you want to make sure you’re not screwing up your cash deals.
Joe: All right. Hope that helps.
The post I Only Have $100,000 To Invest, How Should I Get Started? appeared first on The Blog of Joe Crump - Real Estate Investing Strategies & Automation.
This post first appeared on Home | The Blog Of Joe Crump - Real Estate Investi, please read the originial post: here