You DON’T need a ton of money to find and fund real estate deals. Despite earning just $15,000 per year, today’s guest found the perfect property for him and scrounged the money to close. If you’re willing to learn, network, and put yourself out there, you can do the same!
Todd Fullerlove Jr. had recently graduated college, gotten married, and welcomed his first child when the reality of starting a family hit him like a ton of bricks. Living paycheck to paycheck, his little family was forced to move in with his mom. Todd knew something had to change and decided to give real estate investing a try. The only problem? He had no money! Fortunately, Todd had learned that you don’t need to be sitting on a pile of cash to get started. So, Todd did what every smart investor does—he found the deal first! From there, he built relationships and raised capital. Just by taking action, Todd has completed five deals in five years!
In this episode, Todd will show you how to find and fund off-market deals through the power of private money. You’ll also get a full breakdown of the short sale process, from working with banks to navigating home appraisals and broker price opinions (BPOs). Stick around until the end to hear about the loan Todd used to buy his first rental property with low money down!
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~~~~ Books Mentioned in This Episode: “The Millionaire Next Door”: “The Richest Man in Babylon”: “Rich Dad Poor Dad”: “Investing in Real Estate with No (and Low) Money Down”: ~~~~ Real Estate Rookie - Episode 408: Fundamentals of Funding: How to Find the Right Lender for Your Next Rental:
~~~~ Real Estate Rookie - Episode 409: Fundamentals of Funding: How to Get Approved for a Mortgage (Step-by-Step):
~~~~ Real Estate Rookie - Episode 410: Fundamentals of Funding: How to Finance Real Estate Without the Big Banks:
~~~~ Connect with Todd on BiggerPockets:
~~~~ Connect with Ashley and Tony on BiggerPockets: Ashley: Tony: ~~~~ Connect with Ashley and Tony on Instagram: Ashley: @wealthfromrentals or Tony: @tonyjrobinson or
Show notes at:
00:00 Intro
01:02 Making $15K/Year?!
07:36 Finding His First Deal
13:30 How to Find Private Money
22:10 Structuring a Private Money Deal
26:40 DIY Home Renovations
32:49 Buying Rentals & Todd’s Portfolio
39:45 Connect with Todd!
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By: Real Estate Rookie Title: How to Invest in Real Estate When You’re BROKE Sourced From: www.youtube.com/watch?v=X0SNIFioTMc
