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I’m sure you have seen at least one commercial for investing in real estate with no cash and no credit. There are tons of products out there promoting this hype. Why? So they sell you on hope. Hope is a great thing. I do not want to dismiss hope. I do believe that it is a great disservice to everyone though when most of these products do not even address a fundamental issue.

It comes down to this if you want to be successful at real estate investing it all starts with understanding and following budgets. You must know exactly what you need to take in every month to break even and to gain a profit. You must also fight to pay down all the bad debt that you can. Otherwise it will grow and eat you alive. You must understand credit. You must understand how credit scores work and if your score is down you need to obtain the knowledge to help increase it.

You can invest in real estate with no cash and no credit. That’s not the problem. The problem is if you do not have the ability to manage and control your cash and credit then this will be the wrong business for you. This because no matter how much you try you will never be able to grow. You must know how to control your finances and you must know every penny that is going out and coming in every single month.

Bad situations happen to everyone. If your credit is not so good or you have no cash to invest with I don’t want you to feel discouraged. As long as you can control your finances and understand how credit works then you can get started in this business, but you need to be realistic and understand that real estate investing is not a quick band-aid for your problems. There are to many other investors and product pushers who are pushing information and products on people who never address this issue. The obvious reason of course is they sell on promises and the hope to people that they can fix all their problems by investing in real estate with no cash and no credit.

If you have no cash and no credit your issues will not be fixed until you understand how you are where you are. For some people it was just a set of circumstances or situations that arose to put them where they are. For others they just do not know how to manage money. You need to learn how to manage money. For those with credit issues I strongly suggest looking into different forums and sites that can give you information to help you with your credit.

Once you understand and can manage your money and you understand your credit score and how the system of scoring works then I would look for information on how to invest in real estate with no cash and no credit. I started out with no cash and I was able to succeed and you can too. However, success will only follow once financial discipline and control are put into place.

Shane Wilson is a full time real estate investor. He runs his own real estate investing business blog at http://www.georgiabuyer.com. There you can find free information, advice, and tips to help make your real estate investing career a success.

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