5 Ways to Get Started in Real Estate Investing with Little to No Money Down
Let's Talk Real Estate Investing with Sharon Vornholt
Release Date: 05/18/2023
Let's Talk Real Estate Investing with Sharon Vornholt
Today we’re going to talk about whether probate properties need court approval to be sold, and how to handle the current problem tenant residing in the property. This question was from a person new to probate who was both an agent and an investor. She was trying to help the seller who inherited the property but was stumped by how to proceed with this unusual and very sticky situation. Here’s the situation in a nutshell: The seller inherited a property with a non-paying tenant who also happened to be a relative. To make things even worse, the tenant refused to let the new owner into...
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I am often asked what happens to rental property during probate. Specifically, what happens to the rental income during the probate process? In today's show, I'm going to answer these questions as well as some other common questions that pertain to rental properties that are part of an estate, such as, "What happens when the tenant stops paying rent but won't move out"? Learn the ins and outs of how to handle common tenant problems during the probate process. [00:00 - 06:54] What to Do When Rental Income Can't Cover Expenses During Probate The probate process involves a...
info_outlineToday, I want to dive into 5 ways to get started in real estate with little or no money down. A lot of people put off getting started because they don’t have easy access to funding. This seems to be a huge roadblock they can't overcome. I want you to know that this doesn’t have to hold you back if you get a little bit creating. Now it’s likely that you’ve heard some of this before, but I’m betting you just might need a refresher.
[00:01 - 06:18] Opening Segment
• 5 ways to get started in real estate investing with little or no money down
• Real estate partnerships, hard money loans, and private money loans
- Why building relationships with private money lenders is vital for future deals
[06:19 - 12:52] Unlocking the Benefits of Hard Money, Seller Financing & Wholesaling
• Speed of getting the deal done is more important than a couple of percents each point on the interest
• Seller financing can be short-term or longer-term with whatever you can negotiate
• Wholesaling requires little or no money to start, and direct mail is a great way to reach off-market properties
[12:53 - 17:24] Closing Segment
• Home equity lines of credit (HELOCs) are a great source of funding for short-term needs
Resources Mentioned:
How the Silver Tsunami Creates Massive Opportunity for Real Estate Investors
If you need some tools for working in the niche of probates, I have a couple of things for you.
Key Quotes:
“Find someone that's got experience and learn as you go; there's a safety net there for you.” - Sharon Vornholt
“You don't need a lot of money to start in real estate investing. You need little or no money.” - Sharon Vornholt
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Be sure to check out the Louisville Gals Real Estate Blog and my course Probate Investing Simplified.
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