How can someone with no cash start a real estate empire?

[Geekour]

I apologize if this has been discussed before but I have been looking online/forum for ways to get into real estate with no cash. I don't care if it takes me years to get there but how the hell do I pave my path? Do I need to establish a business first to grow capital? I have read the forums here and it seems wholesaling is either loved or hated and is controversial. I do not have the money to flip yet. I am not asking for you to make decisions for me but if you have any suggestions please do enlighten me.

I recently started working as a registered nurse and have been reading this forum trying to find my fastlane. I am working overtime trying to save up for investing in real estate or a business idea. This community has opened my mind but I need to start taking action.

Anyway, bless you all. Thanks for reading. I hope you are having a fantastic year.

 

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[vshetty.vs]

I have been thinking about real estate a lot recently. I don't think of it as a good investment for me personally for the following reasons

Renting
Cost of buying a 2BHK house: 146k
Rent for a year: 6k
Money after a year: 152k


The 146k in the bank
Money+interest after a year:156k(7.1% interest rate at RPL bank)

If you can think of a reason why real estate makes sense id love to hear it


Now back to your question, you could collaborate with a couple of friends and purchase the property together.

Each of you put in a couple of grand and collect the profits. Slowly you buy them out or even work together to buy more real estate.


P.s: I live in india

 

[Scot]

There are whole courses, podcasts, even forums dedicated to this question. You may find some answers here, but definitely check out biggerpockets.com

The most valuable resource you can use is OPM, other people's money. Lots of real estate investors just want easy returns without doing the actual real estate work. In the beginning, you do the work and use their capital, and you get a share of the profits. Over time, you establish a reputation, get access to more capital, bigger investors, and bigger projects.