Real Estate Investing 101: How Much Money Does It Take To Get Started | (Ep 148)

May 16, 2025

The hosts tackle the myth that hefty sums are required to start in real estate. They share how creativity and strategy can pave the way for success without deep pockets. Listeners learn about essential financial literacy and the benefits of partnerships. Strategies like house hacking and the Burr method are discussed to maximize investment potential. The importance of integrity and maintaining trust with investors is highlighted as crucial for long-term success in the industry.

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INSIGHT

No Money Needed to Start Investing

You don't need your own money to start investing in real estate.
Strategies for no or low money down deals have remained effective over many years.

INSIGHT

No Money vs. Being Broke

Having no money is a temporary problem, not a permanent condition.
Being broke is a mindset that can be changed with financial literacy.

ADVICE

Master Financial Literacy

Learn how money works through financial literacy to succeed in real estate.
Understand various funding sources like private lenders, hard money lenders, and lines of credit.

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BRRRR: The Ultimate Guide to Building Wealth Through Rental Properties

David Greene

The Book on Investing in Real Estate with No and Low Money Down

Strategies for Creative Financing

Brandon Turner

Brandon Turner's "The Book on Investing in Real Estate with No and Low Money Down" is a comprehensive guide for aspiring real estate investors with limited capital. The book details various strategies to acquire properties without significant upfront investment, empowering readers to build wealth through creative financing. It covers topics such as wholesaling, lease options, and seller financing, providing practical advice and real-world examples. Turner emphasizes the importance of building skills and developing a strong work ethic alongside financial strategies. The book is a valuable resource for those seeking to enter the real estate market with minimal financial resources.

The Richest Man in Babylon

George Clason

This book, written by George S. Clason, uses a series of parables to convey fundamental principles of personal finance and wealth accumulation. Published in 1926, it remains highly relevant today, offering practical advice on saving, investing, budgeting, and financial discipline. The parables are engaging and easy to understand, making complex financial concepts accessible to readers of all backgrounds. Key principles include paying yourself first, living within your means, and making money work for you through wise investments. Despite its historical setting, the book's core lessons are adaptable to modern financial practices and have had a profound impact on countless readers worldwide.

Rich Dad Poor Dad

What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not

C.P.A. Sharon L. Lechter

Robert Kiyosaki

The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].