How To Start Real Estate Investing With Little Money (Only $500)
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- Опубліковано 12 вер 2024
- Want to know how to start real estate investing with little money? In this video, I'll show you how to get started with only $500. In your business you'll either sacrifice time or money, and these are some inexpensive ways to drive leads as a real estate investor.
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Who is Jamel Gibbs?
Jamel Gibbs is a successful real estate investor and educator.
He is the owner of Mill Street Properties LLC, a successful real estate investing firm. He is also the owner of the REI Education Academy LLC, which is a successful real estate investment education firm and publishing company that teaches their clients how to build successful real estate investing businesses.
Jamel coaches and consults people all across the country in an effort to help them achieve true financial freedom through real estate investing.
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Find off market lists of absentee, pre foreclosures, 40% equity, single family. Get 30% off Propstream: bit.ly/vippropstream
Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 40 and my husband 44 we are both retired with over $1 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the made it possible for us this early even till now we earn monthly through passive income. We are currently in Greece enjoying our retirement:
How,wht did you invest in?
Any charity work while retired? That's what I hope to do when retired along with some traveling and farming. Not there yet but on the way.
So what? you're going to spend your last 20 years or so protecting your "wealth"? have fun with that?
blessings to you and your husband! Thank you for sharing!
Any advice you can give to a person who is just starting out in investing real estate?? I would gravely appreciate it.😊
My decision for becoming an investor is bigger than having a fancy lifestyle. I want freedom to be present for my kids the way I want to without being concerned about points. I want to own my time. There’s a certain type of education I want my kids to have that neither public or private school will give them. I want to stop living paycheck to paycheck. I want to be a blessing to others. I just want better.
With that mentality, it’s out here for you sis! I wish you powerful blessing as you continue to create your reality!!
So true !
@Melanie Genuinely
How's your journey going?
Rooting for you!
This is so nice to see! Have a blessed life.
I’m 16 and I’ve saved like 4K in 6 months and been working my ass off in school and 28 hours of work a week with a 3.8 gpa
Congrats! Where do you work at?
That's awesome! Develop that saving mentality early and invest as soon as possible.
Buy assets not liabilities
@@smartalec2268 what do you mean buy this?
@@aidenog7380 Meaning buy things that will bring you cash flow not things that you have to put your money out too ....not things not making you money
You really made the decision to do something with your life. Instead of blaming your situation you harnessed your situation and took control. This is the energy we need to spread to each other. God bless you. 🙏
🙏🏾🙏🏾🙏🏾
Comment Def deserved a "LIKE". As a person wit a physical disability EVERYDAY I battle with just the basics of home care; hygiene-health care & parenting & (not impossible) but very difficult in my personal situation. Salute to this comment & Brother J.G.!
I literally just came across this video. I love how you sound so authentic and actually give some great info.
You are the real deal. Thanks for being so transparent.
Love this content! It is really easy to follow. I will be getting back to your videos more. Thank you!
Did u ??
I enjoyed your professionalism. You're so down to Earth and transparent.
So what happens when I find a deal? Keeping in mind I have no money except $500. I cold call, someone picks up the phone, then what?
My favorite--you're going to sacrifice either time or money! I literally have a video that called the Three True Currencies, and those are money, time, and sanity. You're always going to pay in one or more of those! It's 100% accurate!
Thank you brother for your content, it’s genuine and applicable!
I love the casual feel of this video.
🙏🏾🙏🏾🙏🏾
Same
Me too! All the yelling and editing from other videos had my head hurting. I can sip my tea and take notes peacefully. Lol
Thank you
makes you feel like your actually there and its someone from your family giving you advice lol
Excellent will be buying the course soon, this dude is the real deal
Thanks for sharing, needed this myself. I just looked his page up online and I would say he really does have an impressive background on investing.
↓ Click the link below to become a subscriber ↓
ua-cam.com/users/jamelgibbs
Also, share and leave a comment below.
Jamel Gibbs thanks for sharing this!!
thx bro
Hey Jamal, I’ve heard you mention “Students” & “Coaching” do you still offer those services?
Yes we do.
Extraordinary content, thank you Mr. Gibbs awesome interview with Noelle, appreciate the nuggets🙏🏽🙏🏽
I’m 15 and I know it’s not going to be easy so start learning know
Nigga, you chillin at 15. Just wait until you hit 18 and then it’s a race for money.
@fortnite rocks. You are absolutely right!!!! Start NOW so you can chill later.
fam I’m tryna listen to you and change my life style I’ll be tuning in 🙏🏼
💪🏾
I sacrificed all free time and weekends in my 30’s to get where I am today. It was very painful but worth it in the end. For your driving for dollars do you use the deal machine app?
New subscriber!!!!! Believing I am generational curse breaker of my family !
💪🏾💪🏾💪🏾
I tried and failed several times trying to wholesale properties. I was able to secure the contract but I was unable to find an end buyer. How do you find end buyers to purchase wholesale properties?
Check out my wholesale playlist. There’s a video in there on finding buyers online.
@@jamelgibbs Thank you very much. I'll be sure to watch the video.
ok
Did you sell yet
Did you sell yet?
Am 13 and when I grow up I wanna be a real estate or a doctor 😃
Same, I’m thirteen aswell but I’m trying to be a real estate, good luck to both of us in the future!
U can be both
Y’all got it bro stay focused.
Hi Jamel, awesome tips! Could you do a deep dive into property management software? I'm personally interested in DoorLoop, Entrata, and Rentigo but would love to hear about any other options you cover. Thanks!
Great Video, I would love to do an interview with you!
Any time! Let me know.
I love your videos I always wanted too do real estate never have the money
Can you coach me? I want to start doing this. I will watch but might have questions.
Once again, great content. I'm totally new. I need to know the next step once you get the deal. I'm sure you can direct me to your course. Super happy your not flashing all the cars and checks you and your students receive. I'm looking for real steps, truths and pit falls. Thanks!
Thx
What do you do when you get the deal? I’m completely new and i don’t understand what deal and what to do, maybe renovate or buy the property?
@@Neidas1 Depends on your exit strategy. If you want quick money you sell it , if your seeking passive income buy and hold !
I’m 21 right now about to finish my pre licensing course hearing ya story is really encouraging thank you
🙏🏾
How much are those fee’s? Etc
@@jdagreat4595 $350
I have a question so let’s say I want to invest in another state like some where down south cause the houses a way much cheaper ,but I live in nyc in the Bronx and when u want to buy a house in another state that u don’t live in they make it mad hard for u to but u have to have like certain things that u been living in that state
Not really, as long as you’ve got an agent you’re good
Thank you Jamel for this. I am trying et out o the Cater waiter business and go for myself. This gives me the start that I need
Good info, thanks for sharing
LISTEN Real Talk...Porch Talk
REALLY IMPORTANT
Appreciate you Big Bro
I have a terrible credit score. How can I invest if my credit is bad?
Check out my wholesaling playlist
You need to invest in yourself first and that means fixing your credit. You can’t do anything until then.
ENJOYED JUST STARTED
recently invested in this. Thoughts?
New construction 4 plex/8plex units available for pre-sale.
10k deposit-740 FICO 100K+ income, 100% financing
I'm always working my thing is time, even the wknds I'm working
How do you set up a real estate business? Do you need to form an LLC?
Great question... I'll probably end up doing a video on this because there's too much to explain. In a nut shell (without giving legal advice), I started started without an entity. After my first few deals, I set up an entity. Talk to your attorney and accountant for more info.
I just reconsidering physical real estate investments, and found your channel.
So, seeking leads for properties, eventually having a positive contact, negotiating, then I suppose making a purchase...how’s that done with limited funding etc?
I would recommend going through my wholesale playlist. If you have any questions that are not answered, let me know and I will create videos for you.
@@jamelgibbs playlist
Thanks for the information bro
Indeed bro. For sure.
I also live in NYC...where did you look for property when you first started? New Jersey? Long Island?
Im kind of confused. What do you mean when you say deal ? What kind of deal can I get with $500.
The $500 is to start finding deals through marketing.
He’s referring to houses etc when he says deals
Hi Jamel! QUESTION: The market I’m in, in IL only allows Real Estate Investors to purchase one wholesale deal. After that you have to have a Real Estate Broker License. What options do you recommend to get started in Real Estate investing without having to go the route of becoming a Real Estate Agent in this area/market? Thank you for your answer in advance. Best wishes, ~Camille
Check out this video: ua-cam.com/video/EAFFQxWeCag/v-deo.html
Yes! It takes hustle and creativity but it can be done. I did it the wrong way and waited until I had $20k. Wish I started earlier! With a decent amount of money in the bank though, investing does become way easier.
Indeed.
Did you start by wholesaling ?
What do you do when you get the deal? I'm completely new and i don't understand what deal and what to do, maybe renovate or buy the property?
@@Neidas1 You sell the deal if you want fast cash, it depends on your exit strategy...You want passive income you buy and hold..
I don't know how or where to START... ugh!! I'm searching for the one lead or the one ANYTHING that will give me the legs up that I need to get moving in investing. Good video. Just starting to follow so hopefully I can go back watch others and become a millionaire by December lol. Thanks for you information. Looking forward to more.
you got it man!!!! hopefully you will
I'm with you sis! I definitely would like to see something by December!
Heyyyy we got this!!! December is going to be a fabulous month I'm claiming for us💓💞💕🎉🎊🥂💰
I have watched and listened in on many videos.Your video was engaging,informative and direct.NO FLUFF. I have been struggling to get my foot in the door.Thanks for your video.You seem real.
🙏🏾🙏🏾🙏🏾
Is it really possible to buy a flip with zero or little of your own cash? I have listened to so many podcasts. I just don't know what to believe anymore. I know I could succeed if I could just get going.
I keep hearing driving for dollars… what is it? How do you make money? Is it an app?
Missed seeing your sms service recommendation? Advise
Great content btw
How do I find a real estate attorney to close my deals?
I'll be starting today just downloaded driving for dollars, if all go well with your tips and suggestions etc I'll be making my own UA-cam Videos documenting my journey to success !!!! New Sub
💪🏾💪🏾
I’m looking to get into the real estate business. Do I obtain my real estate license first?
No need. Watch this video:
ua-cam.com/video/qEvZoAQLpLs/v-deo.html
i watched this video three times thinking i missed something. i dont think i did, after driving for dollars and finding good houses... how do i use my 500 dollars to get into the house im wanting to buy?? i have my money and adresses to houses that im intrested in where do i go from there? negotiate a 500 dollar downpayment?
Please assist, thank you
Very good video. Thanks for the tips and inspiration!
Thanks
I'm just getting started with little capital In Detroit
Ok.... I hear you. Im 38 and just got out of rehab. I'm starting from nothing. Just got a decent job... $1000 in my pocket. I'm gonna follow your instruction and vid document my progress. Let's see how it goes. Might join your mentorship if it's not 1000's of dollars.
Jus ran across the video! I’m fresh in the game brotha, starting in that $500 range. In the Investor deal pro, it include the whole process to make the first deal? And what on my part am I doing in the meantime, am I calling leads or does the software connect them to the properties?
IDP will help your get the leads. You’ll have to call them. Appreciate the support.
Jamel Gibbs
Ok. Preciate that!
No problem.
You're very inspirational, Jamel! Thanks for sharing your journey. -Michael
🙏🏾
Thanks for being truthful
Great information, representing the Bronx on this side 🙏🏽
💪🏾
Finally a real channel, real help
Thank you!
🙏🏾🙏🏾🙏🏾
You a real 1 famo💪🏾💯💎
Thanks for this video. Very well explained! You just got a new Subscriber. I’ll keep following your videos. Thank you!
Thanks
Great info thanks
Yo really motivating me to get started with the $500 , what program were you mentioning for text blast/sms marketing ?
being my lady just finished her real estate license it’s making me see how to leverage my creative negotiating and background in talent buying and creative brokering through agency to leverage to become a real estate investor with small startup .
Hello….I am just getting started in investing. I haven’t made any deals yet. My struggle is with Scripts and understanding how to present an offer to a seller. I’m looking for a mentor to help me with the investment strategy that is mid-term rentals….Where do i look for this type of mentorship without having to pay what seems like a tuition?….
We appreciate you much GodBless.
💪🏾💪🏾
All the flashy gets old. You are the realest
I need coaching can you help? Awesome content. Im from Brooklyn also.just stumbled across your channel.
You can email Matt@reieducationacademy.com
He’ll get back to you.
Second career for me what to do?
Out of healthcare
Great video! Do you have a cold calling script we can use to talk to potential sellers? Thanks
Great video on how to get started with little money. This was great information buddy!!
Thx bro. Appreciate it!
Man I have completely passionate for the real estate investment, but I feel hesitated scared because I don’t have a lot of this road. But I want to invest in my passion. Please would you helping me?
Thank you, King. I'm inspired.
Bro don't be gay..smh
Hey Jamel found you on Noelle's page been subscribed since. I'm really new to this business although I've been wanting to get into it the right way with proper guidance I know I will be successful! Thank you for giving us a lot of awesome tips on how to get started. I am definitely interested, but will probably need some coaching 🤔 😬
No worries. I have a coaching program if you’re interested.
@@jamelgibbs definitely.. Please send me some additional info about it..Again thanks!
@@jamelgibbs how do we get into your coaching program?
Hey I was wondering when you say “get a deal” what u mean by that? What exactly am I purchasing?
Man you the one I was looking for to guide me step by step toward the real estate investment road. Thank you please keep it up
I’ve just started trying to do investing and I’m having trouble finding my contracts, do you know where I can get them?
Should be in the inbox. If not contact support.
How's it going Josh?
😮 what do I have to do to hire you as my mentor?
I am the single momma to a 2 year old in the middle of a nasty divorce. I’ve been a stay at home mom and now I have to figure out how in the hell im going to navigate our new life.
ANYONE READING THIS WITH ANY ADVICE- I am BEYONG OPEN to hearing anything that you have been through or done to pull yourself out of a dark hole or a tough situation!
❤❤❤
Great video you know what you are talking about.
🙏🏾
What's your opinion now that they are specifically cranking down on real estate companies who send unsolicited texts?
whats up brother i really want to start wholesaling properties with your stragities just dont"t know where to begin have all the time in the world just recently retired looking for passive income
This video said start investing w $500 but I feel as it was just how to gain leads and find a seller. I can find sellers thats not an issue the issue is how are you funding this deal once u have a locked seller w only $500?
Please make a video on the process once you find a seller do you than find a buyer as someone needs to flip the price tag 🏷 how does one go about a transfer like this and profits. I get the whole middle man whole sale thing but what is the process to doing this w a small investment of $500
I can sign a deal all day my question is how are your funding w no $$$$
Check out my wholesale playlist and my creative investing playlist. All of your questions are answered there.
Also, the $500 is used to find the deals. You don’t need money to buy real estate when you know what to look for.
definitely would need some coaching what other programs do you suggest
You can fill out a coaching app at reieducationacademy.com/coaching
I’m starting with 100k starting at 20 and I hope I can make it big
Great start.
@@jamelgibbs is your one on one program free or is there a coast? I’m interested in joining
There is a fee. Please reach out at info@reieducationacademy.com with your contact details if you are interested.
Thanks for your great videos. Can I be involved in your coaching programs?
Sure. Visit reieducationacademy.com/coaching
Jamel did I meet you in front of the Tarrant tx action court house ? I'm not sure but I think was you 🤔 . I mention tax sheriff auction to you a friend of yours and another gentleman that was there advertising flooring . Am I confusing you for someone elses .
Never been there :-)
Great video I just had a question do u need to be 18 to start? I’m only 17 so but I wanted to get a head start and some knowledge in this field and your video helped a lot
Great question. The short answer is yes. My daughter wholesaled a house earlier this year and made $13,000. She was 14 at the time, but I signed the docs. Here's the video: ua-cam.com/video/YilJdiJJO9c/v-deo.html
I'll shoot a more in debt video on this. I'll link it when it's done.
For the purpose of the video for newbies, can you define, FIND? I am sure there are homes all over the place. Someone will not know what how to go about that. Thanks
So is this when you ask someone if they want to sell their home you tell them you’re going to buy it and find a buyer instead and you make a profit?
Depends on your exit strategy.
I just turned 18 and am looking at getting started but it’s all so overwhelming and need some help understanding it better any resources or advice?
Literally just released this video a few minutes ago: ua-cam.com/video/d4b0RoXEBIE/v-deo.html
Also, I have a playlist on getting started. check it out.
Dope! Thank you for taking the time to break things down the way you do allowing real life step by step instructions💪🏾
💪🏾💪🏾💪🏾
Forgive my ignorance, but are you paying for marketing to find deals? I thought real estate investing was buying homes and having cashflow.
Any clarification would be much appreciated.
Yes. We market to find deals. Also, there’s many way to invest. Maybe I’ll do a video on this.
How come they always come from the projects. Say you grew up poor.
What I have to do to be in your class as a Student Beginner
Hi. Feel free to send an email to info@reieducationacademy.com with your phone number. Will be happy to discuss the details.
I'm interested in getting started ASAP! But I don't know how. Can you please help?
What kind of credit we need for this?
Love the content and new to real state investing.... status at this time is just doing some research preapproval is done.... but down payment is high at 25% property is 299K multi fam currently 3 units on it... 2 bedroom 1 bath per unit. 25% of that is close to 90k dond and i dont want/ couldnt start this high of a down payment.
Plus the interest rate at this time is running at 8.27% . Rental in the area is 1200 for 2 bedrooms.
Any investor here please advise on how do i get into this deal
🐉 🐉 🐉 Ty Ty Ty FOR KEEPING IT REAL GOD 🔥🔥🔥
How do we join the team Jamel?
Thank you Jamal