Become a Real Estate Investor: 5 Items You Need to Do Deals SubTo, Fix and Flip, Wholesaling Homes
# Become a Real Estate Investor: 5 Items You Need to Do Deals SubTo, Fix and Flip, Wholesaling Homes
Hey gang, this is Michael from My Real Estate Dojo. In the next few minutes, I’m going to show you how you can become a real estate investor even if you don’t have any money, credit, or experience. As long as you have these five things, you can start making deals in SubTo, fix and flip, wholesaling homes, and more.
The 5 Essentials to Start Real Estate Investing
1. A Computer
The first thing you need is a computer. It doesn’t have to be fancy, but you need one to manage your business. A laptop is preferable because it’s portable, but even a desktop computer will do. If you don’t own one, you can use the computers available at your local library for free.
2. Internet Connection
The second essential item is an internet connection. This is crucial because all your free advertising, data collection, and learning will happen online. Websites like Craigslist, online cold calling, and text messaging are all activities that require a reliable internet connection.
3. Education
Education is your third key to success. You don’t need formal education, but you do need to educate yourself about real estate investing, owner financing, SubTo (subject-to) deals, fix and flip, wholesaling, seller finance, owner carry, wraparound mortgage, and taking over mortgages. There are countless free resources available online, including my YouTube channel and blog, where you can learn everything you need to know.
4. Virtual Assistant
Hiring a virtual assistant (VA) is the fourth item on the list. For just a few dollars a day, a VA can handle tasks like lead generation, posting ads, and managing your online presence. This allows you to focus on negotiating and closing deals. A VA can be your sidekick, handling the grunt work while you work on scaling your business.
5. The Right Mindset
The fifth and most crucial item is the right mindset. Your mindset will determine your success. You need imagination and creativity to come up with solutions that don’t require a lot of money. Hard work and discipline are non-negotiable; there are no shortcuts in real estate investing. You must be willing to put in the time and effort to see results.
Why These Five Items Are All You Need
### Using Free Money Strategies
I prefer using free money strategies. Instead of risking my capital, I turn nothing into something by leveraging creative financing methods like SubTo, owner financing, and seller finance. This means you don’t need good credit, a bank loan, or a real estate license to get started.
### Maximizing Efficiency with Minimal Resources
With just a computer and internet connection, you can access countless free resources and tools. Education through online platforms allows you to learn and grow without spending a dime. A virtual assistant can maximize your productivity for the cost of a cup of coffee.
### The Importance of the Right Mindset
Mindset is everything. It separates those who succeed from those who don’t. By maintaining a positive attitude, being creative, working hard, and staying disciplined, you can overcome any obstacle. This is true whether you’re negotiating a wraparound mortgage, setting up an owner carry note, or taking over a mortgage.
## Actionable Steps to Get Started
1. **Get a Computer**: If you don’t have one, find access to one at a local library.
2. **Ensure You Have Internet**: Invest in a reliable internet connection.
3. **Educate Yourself**: Use free resources online to learn about real estate investing.
4. **Hire a Virtual Assistant**: Start with one VA to help with lead generation.
5. **Develop the Right Mindset**: Focus on creativity, hard work, and discipline.
By following these steps, you can start doing deals in SubTo, fix and flip, wholesaling, and more without needing a lot of money or experience. Remember, the most important thing is to take action and believe in your ability to succeed.
If you found this information helpful, please like, share, and comment. Spread the word to your friends and family. Remember, mindset is everything. Go out there, hustle, and make your dreams come true. This is Michael with My Real Estate Dojo. Have a great day, gang!
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