My name is Jonathan, I live in Las Vegas now, since the Papermill that I worked at back in Wisconsin decided to close its doors on me. For the last year and a half I have been living on unemployment, but just like many other Americans, it is nearing its end. My mother and I have devoted the past three months to anything and everything that we can find out about real estate investing. We are currently taking online courses, reading book after book, and have even scraped up enough money (that we didn't realistically have) to attend one of Dean's Live 3-Day Seminars. The fact of the matter is that we can't afford anymore money to learn so-called secrets from anymore gurus. We are opening every possible door that appears for us, only to have it slammed shut when we mention that we are investors looking to do any type of no-money-down deal. We have gone thru the process of fixing our credit, and now face the dilemma of having above average credit to apply for a loan, but are being declined due to NO J.O.B. (Unemployment is not considered as income when it comes to applying for a loan) Our intent is to keep opening doors until one of these strategies works. We are essentially in a "catch 22" where we are in an excellent position to find great deals FULL-TIME, but without that J.O.B. we can't get financed, yet if we were to get a J.O.B. it would not only take @ two years to get financed, but we would no longer be able to work for ourselves in this real estate investing business full-time.
I am sure that there are many of you out there that are in my same position, or at least in a similar "No money, How do I get started" point. I am writing this forum to help out not only my mother and I, but the multitude of others that are searching for a few Quality Answers. If anyone has a "current" strategy that they are using that would fit a No-Money-Down situation, like the one that we are in, please...ANY and ALL suggestions will be greatly appreciated. I know that from what I've read that it has been done in the past, and it probably is still being done today, we just would like to know what steps to take next to start Flipping / Wholesaling / and eventually buying and holding these killer deals, so that we too can profit in this opportune environment.
Thank you for taking the time to read my post, and a blessing bestowed to all that offer assistance to those of us who are searching for answers.
"One thing I like about stones in my path is when I cross them they become my milestones." -Unknown