How to sell real estate with no money
How To Flip Real Estate With No Money - Even If You're Homeless!
have you ever heard the saying it takes
money to make money whenever I tell
someone that you can make money in real
estate with no money and no credit
that's usually what they tell me
the truth is if you have money you can
certainly use it to invest in real
estate and that will allow you to make a
return on that investment but it is
possible to start making money in real
estate even if you're dead broke living
in your parents basement or even
homeless now I'm exaggerating a little
but seriously there is a way in real
estate that doesn't require money to
make money
it takes hustle to make money and the
way that we do that is by flipping
houses so on this video I'm gonna break
it down for you and I'm gonna show you
the four ways to flip real estate with
no money even if you're homeless coming
up
hi it's Jerry Norton and what I love so
much about flipping real estate is
unlike a lot of other real estate
strategies you don't need money to
invest in order to make money if you're
broke and you don't have two nickels to
rub together then pay very close
attention to this video that was the
case for me I was working in
construction in my mid-20s digging holes
for minimum wage when I got started in
real estate and I became a millionaire
by the age of thirty I'm living proof
that you can do it there is one real
estate strategy that has been the saving
grace for me my most successful students
and countless others and that as a
strategy called wholesaling what's so
great about wholesaling is you get paid
for your hustle with wholesaling it
doesn't take money to make money
it takes deals to make money and it
takes hustle to get deals let me explain
real estate investors who have capital
to invest or access to capital to invest
are desperately looking for deals either
the buy-and-hold for cash flow or maybe
to fix up and resell these investors are
in every market in every city all across
the u.s. these investors want one thing
good deals and this is where wholesaling
comes in a wholesaler finds a distressed
property where the seller is motivated
to sell that property at a discount
aka a good deal the wholesaler gets a
contract with that seller and now that
contract legally binds the seller to the
price in terms of the contract that
contract now is extremely valuable that
wholesaler can take that contract to a
local active investor and that investor
will pay for the right to take over the
contract and buy the property that
investor will pay 3,000 5,000 10,000
20,000 or more I recently wholesale at a
little house for $23,000 and I didn't
put any money into the deal so let me
break down the four ways to start
flipping houses with no money but first
if we've never met I'm Jerry Norton and
this channel is dedicated to helping you
make money right now in real estate not
later in 10 or 20 years or even three to
five years but right now so that you can
achieve true financial freedom and live
your dream life consider subscribing to
my channel and click the bell I kind of
get notified when new videos are
released
the first thing you have to have to
succeed at wholesaling has nothing to do
with real estate at all and is the most
important you have to have a
burning desire and some hustle I was
dead broke when I started but what I did
have was a burning desire for a better
life and a willingness to do whatever it
took to change my financial situation I
felt like Dwayne the rock Johnson did
when he started out he said I had 7
bucks in my pocket and I knew two things
I'm broke as hell and one day I won't be
now I can teach you strategy but I can't
teach you passion I can teach you
technique but if you quit every time
things get hard I can't help you I can
show you how to build a six and even
seven figure business flipping houses
but if you're not willing to pay the
price and put in the time energy and
effort I can't help you I can teach you
the skills to be successful but the
traits needed to be successful come from
within you and desire doesn't cost a
dime
number two is technique and strategy
with wholesaling there are specific
steps to find deals analyze them
negotiate make offer structure the deals
getting contracts with sellers and cash
buyers and I believe if you're willing
to invest money and a good training
program and in a coach and mentor you
can ten times your results it's the fast
track to success and I offer all of
those things from home study courses to
elite mentoring programs but if you're
starting out and you don't have any
money
tap into the free resources that are
available just with me I have hundreds
of how-to videos on YouTube I gave away
my best-selling book for free link in
the description I gave away two
different deal finding software tools
for free link in the description I gave
away a ninety six page QuickStart kit
with some of my best resources for free
link in the description I do that for
three reasons one I was in your shoes
not that long ago - God will bless me
tenfold for giving back and 3 when
you're ready to invest in yourself
you'll come to me so there is no reason
you can't start learning and wholesaling
houses for free if you're starting out
with no money I recommend you do what I
did as soon as I started doing some
deals I reinvested back into my business
for marketing and I reinvested in myself
and I paid for advanced training and
mentoring and I still do that today
watch this video to learn the two rules
when choosing a mentor number three is
lead generation there are lots of ways
to spend money on generating leads such
as buying lists doing direct mail
hanging bandit signs on telephone poles
and so on but there are also ways to
find leads that don't cost any money
such as driving for dollars get
bird dogs to find deals for you going
after on market properties that are
listed for sale with real estate agents
like I mentioned I give away two
software tools for free that fine leads
for you links are in the description
what I recommend is to focus on as many
free lead acquisition strategies as you
can and as soon as you start doing deals
reinvest 25% in the marketing and 25% in
to training and mentoring now if you
have the discipline to do that you will
be wildly successful number four is
earnest money when you send a contract
with a motivated seller it's customary
to put down a good-faith deposit of five
hundred to a thousand dollars this money
is held in escrow and then apply to the
purchase at the closing well what if you
don't have five hundred two thousand
dollars for earnest money deposit here's
how to handle it first of all when
wholesaling as soon as you get a cash
buyer you'll get a deposit from him or
her make sure that posit is at least
equal to the deposit you put down with a
motivated seller so for example if you
agree to $1,000 earnest money deposit
when you sign a contract with a seller
and then two days later you wholesale
your contract to a cash buyer investor
require that investor give you at least
$1,000 deposit that way it washes now
cool strategy in delaying paying your
earnest money for a few days then
collect an earnest money from your
investor and use that money to pay for
your deposit you can put it right in the
contract earnest money to be paid within
five days of accepted offer and that
gives you enough time to collect an
earnest money from your buyer so the
reality is you can start wholesaling
houses with literally no money invested
but here's the bottom line you can't
have a million dollar dream with a
minimum wage work ethic real estate
changed my life forever and it can do
the same for you follow these four steps
go after your dreams with everything
you've got and you will be successful
and I'm a big believer that God will
give us what we desire if it's for a
righteous purpose but we have to
manifest it so leave a comment with the
following Jerry I'm committed to
becoming wealthy so that I can bless my
life my loved ones lives and countless
others who need me to show them a better
way now don't forget to check out all of
the free resources those links are in
the description and don't forget to
subscribe to my channel I'm dedicated
helping you make more money flipping
houses in less time so that you can live
your dream life click the bell icon to
get notified when new videos are
released
and finally
I want to tell you about my finder
program where you can earn $10,000 in as
little as 30 days all you have to do is
find and submit a deal that meets my
criteria and I'll pay you $10,000 there
is a deposit required to join the
program but you get that back on your
first deal so what I want you to do is I
want you to watch this next video right
here this is a recording of a training
where I go over all the details about
how to become a finder for me it's about
45 minutes long but you'll learn a ton
so watch that right now and remember
it's not about the money it's about
having the time and freedom to be do
have and give everything you want in
life I'll see you on the next video
