Investing in real estate with less than $500?!? If you’re not in my business you probably say it can’t be done . . . but, I have stacks and stacks of deeds that say otherwise. You can start investing in real estate with VERY limited funds. If you plan to however, watch this video for the two things you must do!
Transcript:
Hey there! Casey Denman here with TaxSaleAcademy.com. In this video, we’ll talk about investing in real estate when you only have $500 to start with. Of course, we’re talking about investing through tax sale and tax deed auctions.
I get lots of emails from students and potential students on very, very limited budgets. Some only have $1,000. Others only have $500. And even still, others only have $100 to start with. Now, most people say that if you only have $500, you can’t possibly start investing in real estate. Well, I’m here to tell you that it can be done. I literally have stacks and stacks of deeds that I’ve accumulated over the years for pieces of property that I bought at tax sale auctions for less than $500.
To this date even, 2014, I’m still buying pieces of property for less than $500. I buy 30 or 40 a year that are $500 or less. As a matter of fact, I even buy many that are less than $100. So I can guarantee you that you can start investing in tax sale properties and tax deed properties if you only have $500 to start with.
Now, there’s two things that you should know if you plan to start with $500 or less. The first one is to be patient. It is going to take some time to find some properties that you can invest in with less than $500. The first auction you go to, it might not be a piece of property that sells for less than $10,000. It might take 5 auctions, 10 auctions, it might take 20 or 30 auctions before you finally come across a deal that is worth investing in. But you just have to be patient here. You can’t rush yourself into anything. You can’t rush yourself to conclusions and say it can’t be done. Because again, I guarantee that it can be done. You have to have patience.
The second thing that you should know is that you need to learn as much as you possibly can about tax sale investing before you even think about investing. If you have $1 million to invest and you waste $1,000 on the wrong piece of property, that’s not that big of a deal, right? But if you only have $500 to invest, if you have $500 to start off with, I guarantee you, every single dollar of that $500 is going to make a difference in your tax sale investing career and in your life. You can’t afford to waste a single penny of that $500 because you need absolutely everything you possibly can of that $500 to invest in tax sale properties.
So, consider investing in some formal training and formal education or coaching before you start investing in tax sale properties. That way, you can make every dime that you have go as far as possible.
If you’d like to see the formal coaching options or if you’d like more great free content, head on over to my website at TheTaxSaleAcademy.com, which you can do by clicking the blue link right here next to my head.
Again, it will take you to TaxSaleAcademy.com. Once you get there, download your free copy of my e-book, The Tax Sale Blueprint, which is loaded with great information about tax sale investing and you’ll be on your way to a very successful and lengthy tax sale investing career.
Have a great day, folks! Bye-bye.