Do You Have Resources – But No Money?
Years ago we used to see the late night commercials on TV about investing in real estate without money. I am sure many of those ideas of the past have gone to the way side while we deal with the so called burst of the bubble.
While the commercials have been silicenced for a while, the realty still holds true – it is still possible to invest in real estate without money. In fact there are those who have been deeply in debt that have had success in real estate investing.
The truth of the matter is that you can do this without money, but you can’t do it without resources. Ture, it does take money to do this business but it doesn’t have to be YOUR money. There is a local radio station that carries a program here in Greenville every Saturday that talks about investing in real estate. While the program has some good ideas, the biggest part of the program is designed to get you to invest in them, with your money, to buy real estate. The radio program has become a great resource for them to find people to trust them enough with their money and their IRA’s to invest in purchasing real estate.
That brings to the forefront the number one way to invest without money – use OPM – Other People’s Money. What a great resource! Now not everyone with money is going to trust you to make investment decisions for them, however, what is needed for you to attract those people is for you to have other resources that you can use.
What resources do you have? Do you have no money but you have time and a willingness to learn? You could leverage that by being an apprentice to an experienced mentor. Some other examples of resources you may have are time, partners, knowledge, a strong work ethic, credit lines, a good credit score, mentors, employees (kids?), private lenders, team members, or business equipment which may only be a computer or internet connection.
Learn to discover the resources you have and find ways to make them work for others. Focusing in this direction will lead you to people that have the money, but not the resources.
Do you have more time than money or more money than time? These are the two most vital resources you have in any business. Think about these two key resources in paticular. Ask yourself which you have more of, time or money. Some investing stragtegies take more time, some take a lot of cash. Knowing the resources you have will help you decide the best real estate strategies for you.
If investing in Greenville SC real estate is part of your financial strategy than you have to take the time to learn the market. If you ever talk to an investor in the money market they will tell you to pick a few stocks and watch how they perform. Same is true with real estate. Pick a price range of foreclosures and see how they perform. What are they listed for, how much does the price drop, what is the final sale price, how much is that price down from the list price?
I have two tools available for you to help learn the market and learn about investing. The first tool is to subscribe to my free foreclosure list. I generate a long list every month, but several times during the month some great deals are put on the market that I will also share with you.
The second tool I have to offer is myself. I have been investing in the Greenville real estate market for over 10 years. I would love the opportunity to help you get started in investing. Pick up the phone and give me a call.
Jim Girard (864) 414-4675
I have been investing in real estate for several years
and would love to help you purchase your home or investment.
Pick up the phone – Give me a call (864) 862-1400
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About Jim Girard
I have been actively assisting people in the Greenville South Carolina real estate market since 1998. During that time I have assisted Buyers, Sellers and Investors in hundreds of real estate transactions around Greenville South Carolina. My personal experiences in purchasing, selling and investing in real estate in South Carolina has placed me in the center of my clients needs, whereas I can relate to most of their challenges and keep the transaction smooth. Providing full property management services has given my investment clients piece of mind knowing their investment is fully serviced. So, if you are interested in buying, selling, or renting Greenville South Carolina homes, or perhaps want me to help you manage one you already own, OR you would like to get into the business of doing any of that, visit my web site at Greenville South Carolina Home, give me a call at 864.862.1400 or email me at jim@jimgirard.com.
