Can you really flip homes with NO MONEY at all?
Straight up, the answer is a big fat YES!
The most important thing about flipping homes is MARKETING. You have to market to get sellers, you have market to get buyers, there’s marketing for bird dogs. It’s safe to say that without a good amount of marketing, your real estate investing career will be short.
So what am I saying?
Marketing can be done free and Im going to show you how; lets talk for a minute about what you may hear everywhere. No money down here and I flipped a house without putting a penny of my money on the property.
Truth is they aren’t lying but they spent some money one way or another. They say nothing in life is FREE and neither is REI… At least not completely.
Marketing with money (benefits):
- You can pay for leads
- Buy bandit signs in bulk
- Pay someone to put bandit signs out saving you TIME (which is money)
- Have self hosted websites for gathering leads (sellers & buyers)
- Pay for business cards, flyers, signs, billboards, bus benches & peoples foreheads (extreme marketing)
- Hire VA’s (virtual assistants) to handle a number of time consuming tasks
- Start a LLC or INC to use to flip homes
- Set up voicemail answering service (costs monthly)
Marketing without money:
- Might have to go door to door with flyers and get out and meet people
- Might have to BORROW other people’s bandit signs (NOT RECOMMENDED AT ALL)
- Have to hand out business cards everyday; leave cards at gas stations, bus benches, malls, EVERYWHERE
- Tell everyone that you know that your in real estate and you buy homes (have to learn to ignore the “in this market?“)
- Handle incoming phone calls as best you can. Places like Freedom Voice, eVoice , Ring central etc, give you trial periods for using a toll free voicemail answering system. eVoice has a 6 month trial period and it’s totally free for 6 months. Trust me. I know because as Im typing this, Im on my 4th month and haven’t paid one penny.
- Your going to HAVE to get business cards. Everyone that I know starts off at VistaPrint because they offer FREE business cards. You just pay for shipping (Nothing is 100% free but air and eVoice).
- Call every single bandit sign and network with other investors in your area. This will do nothing but pay off in the end. Networking is very important.
- Put your bandit signs out on Fridays after bandit sign police take a mini vacation. Now when the weekend is over, you’ll have to take a ride and pick up the same signs after only 3 days of work. Can save you a lot of money.
These are most of ways that show flipping homes can be done with little money or with NO money at all but keep in mind; the less money you have for marketing, the tougher the journey so dont be too quick to give in. Hope this helps you and please if you have any more to add to this, feel free to leave a comment or 2
