There is a house on your block that is vacant. The grass is a bit unkempt. The exterior could use a good pressure washing. You find yourself daydreaming about buying it, fixing it up, and then selling it for a nice profit. But you think that’s all you’re capable of right now, just dream. Doesn’t buying a home, even one that needs improvements, involve a hefty down payment? A down payment you don’t have.

The house is not the only thing that needs a reform; your mindset needs to be redone. You can finance the purchase of a home with no money out of your own pocket.

Is your iffy credit score showing up causing you more doubt? Obtaining a loan from a bank is not an option, what do you say? Here’s a new way to think about real estate investing: get private investors to give you the money you need to make the purchase.

If your idea of ​​a private investor is a CEO of a Fortune 500 company, think again.

A private investor you can approach to invest in real estate may be as close to you as right next door. Do you have a family member or neighbor who runs a successful business? A business person who would like to make an investment but isn’t sure where to put their money? Do you know someone who invests in the stock market? Not everyone with a stock portfolio is rich; They may simply be looking for a way to get more for their money. Offering these potential partners a better return can get you the funding.

Financing to invest in a property is the main part of the first step to remodeling a house. After you secure the money, the next 4 steps include: finding a home you want to buy; subcontracting the repair work to a contractor; have a real estate market and sell the property; and find a title company to handle the paperwork.

Okay, you have the funds, but what about other expenses that will occur during this process?

The real estate agent and title company will be paid when the home purchase closes, just like you. You can find a repo or short sale home to buy through MLS listings and government foreclosure listings. Even driving through a neighborhood you’d like to invest in will help you find obviously vacant homes that might work.

The steps to invest in real estate and change your investment are simple. However, there is another step in the process. Find a trainer. Someone who practices what he preaches. Someone who will help you take those steps, using his experience to help you succeed. Find someone who can teach you how to get financing and help you get started on those steps toward investing in real estate.