Can You Invest In Real Estate With No Money?

Dan Lok Show

Dan Lok

Entrepreneurship, Careers, Management, Business

4.9 • 825 Ratings

🗓️ 30 May 2020

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do you want to take advantage of the lucrative opportunities of the Real Estate investments? If so, you’re probably wondering if you can invest in real estate with no money. Before you do that, listen to this episode now, as Dan Lok will explain the real estate industry and give you a detailed answer to that question.

Transcript

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0:00.0	Hi, Dan, I don't have any money. Can I still invest in real estate?
0:18.4	Question, Dan, I don't even have enough money to buy one unit.
0:22.6	How could I get started in real estate?
0:25.6	The answer is, don't!
0:27.6	Don't start investing in real estate.
0:30.6	You're approaching it the wrong way.
0:32.6	You're hoping to buy one unit, you'll get rich quick.
0:35.6	So you buy one unit, even you're over leverage,
0:37.9	you do nothing down type deal, you're barely breaking even,
0:40.8	you're getting 20, 30, 50, 100 bucks coming in a month.
0:43.7	How is that gonna change your life?
0:45.2	How is that gonna change your financial life?
0:46.5	It is idiotic, it's dumb.
0:48.6	Now I'm not saying don't do real estate,
0:50.1	I love real estate. But before you do real estate, you need to have a base. What is that base?
0:55.0	It is the ability to generate income.
0:57.0	If you don't have the ability to generate income,
0:59.0	my question for you is,
1:01.0	what happens if you cannot find a tenant?
1:03.0	How are you gonna pay for that mortgage?
1:05.0	What if the toilet breaks?
1:06.0	How are you gonna pay for any kind of things
	...

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