There is cash in fixer uppers. You will discover cash in fixer uppers because fixing up negelected property is profitable. You will earn cash in fixer uppers because of overwhelming need in the marketplace. You will generate cash in fixer uppers because skill in this market demands financial respect.

I didn't start my real estate investing career yesterday.

I started 25 years ago.

And I'm going to show you how to make millions of dollars in real estate investing.

You don't hear much from the gurus about buying without cash or credit. Some will even tell you it can't be done. But that's not true. I bought $10 million worth of real estate in my first 4 years, and never filled out a mortgage app or walked into a bank to beg for a loan!

If you are thinking about a start in real estate investing, maybe you can relate to my start.

I didn't have any money. NO cash and NO credit. Sound familiar??? It's often the case right at the moment we see unusual opportunity. Seems like when we get to the lowest point in life, we catch that vision of how much money can be earned in real estate investing. That's how it happened to me.

I became aware of the opportunity in real estate investing in 1978. I had bought a little house for my family 8 years previously. I paid $27,000 for it. I sold it in 1978 for $67,000. When I realized that my profit was $40,000 and all I did was live in that house…the light bulb went off in my head. If I had five or ten houses like that, and my good tenants would pay the mortgage with their rent, I could get rich!

But I had to get to that low point in life before I acted on my insight.

I was be-bopping through life, having a good time building businesses. I had several retail gift shops in my home of Nashville, Tennessee. I sold souvenirs and gifts to the huge tourist trade. My wife operated one of our larger shops in a major downtown hotel, and I had outlets in a dozen other downtown hotels. I even had a couple of shops on Nashville's famous Music Row.

Then I saw a chance to expand by opening another shop in a new, developing mall at the extreme corner of Nashville's Davidson County. It promised to be Nashville's biggest mall. I signed up for a lease. But not just for one, but for three shops - two food shops in the Food Garden and one jewelry shop! I thought I was set to make some BIG money!

Well, I won't bore you with the nitty-gritty details, but here's the outcome. I worked hard to make those three shops a success, but the mall failed in the first year. And so did I. The mall generated NO traffic. Shirt shops sometimes sold no shirts in a single day. Shoe shops sometimes sold no shoes in a single day. The Food Garden was as barren as a desert, except on weekends. The only shops to get any business were the Game Room and Toys-R-Us. Chain stores can survive as a new mall develops trade, because 49 other stores in the chain can subsidize the 50th store with no traffic. But all of us independent businesses failed in that first year.

I had invested a lot of money in Hickory Hollow Mall. When it was over, the auction to liquidate $100,000 of almost-new equipment brought 8 cents on the dollar. Even though I did not go bankrupt, I was ruined.

So a few months later when I decided to start investing in real estate, I had no cash and no credit.

Back then, only a few books and an occasional seminar were available on real estate investing. Nick Nickerson and Al Lowry had written books about real estate investing, and both authors were experimenting with live seminars. Mark Haroldsen had written "Financial Genius" about 1978, and had held a seminar or two to promote his real estate investing book. Robert Allen was about to get $1 million advance royalties for writing his book "Nothing Down" that later became a best-seller, and that publicity led to popular real estate investing conventions during the 1980s in major cities like Dallas, Orlando, L.A. and Atlanta. But I started my real estate investing career long before Robert Allen started promoting his seminars. When I decided real estate investing was the opportunity of a lifetime, very little information was available.

I'm not sure where I got the idea for starting my real estate investing with a $10 bill. But it didn't take much imagination because I had no cash and no credit. I had no other choice. It was a novel idea at the time. So, I began to offer to buy property with a $10 earnest money deposit, and assume the existing mortgage with a wrap-around.

Well, it didn't exactly go over with a bang.

If I was trying to buy a house through a real estate agent, my $10 deposit was insufficient to pay the sales commission. Any seller who accepted my $10 deposit offer would have to dig into his own pocket to pay the sales commission for the sale of his own house!

And if I was extending a Purchase Agreement on a For-Sale-By-Owner property, my $10 deposit offer yelled long and loud: "This guy wants to buy your house, but he ain't got no money, so how can you trust him to make the payments???" My offers on FSBO houses didn't win me any popularity contests.

I had a young friend who had just gotten his real estate license. He needed encouragement to get started, so I told him I would write offers on his MLS listings if he would deliver the offers to the listing agent or broker. Well, it was his best shot of the day, so he agreed. I began to write offers from MLS listings, and he delivered them to the agent for the property. We were not getting any offers accepted, so I decided to give it the big push. It was like, "if you get nothing from a few offers, make a lot of offers and see if volume reverses the trend!"

I began writing dozens and dozens of offers, attached with a check for $10 deposit.

We still got no takers.

So one week I wrote out 235 offers for houses listed in the MLS listings. Wow! What a writing task! Mind you, my Purchase Agreement was fine print on both sides of a legal size sheet, and I had to fill in many details with each offer. Then I had to write out 235 checks to be stapled to the offers. When I finally got through, I gave the stack of offers to David for delivery. He grinned. He was absolutely certain there was at least one sales commission check somewhere in that stack.

He was dead wrong. Neither of us was even prepared for the impact from delivering those offers. The entire community of real estate agents collectively slammed David to the ground! He was ridiculed, cajoled, cursed and virtually spit on. Even though an agent is legally required to deliver every tendered contract, I am certain that half of the sellers were never even presented offers made for their property. The sales agents were too embarrassed by the offers. Brokers grinned with delight in writing "REJECTED" in large letters across the entire front (and sometimes the back too) of the offer document. Every offer was turned down.

BUT…

(and this is the "but" that makes real estate investing such a marvelous business)

…I bought two houses from those offers.

Even though every offer was rejected, I had two sellers who contacted me and said, "I can't take the offer you proposed for my MLS listing, but I have another house that I'll sell you on those same terms."

I was ecstatic!

This is when I first discovered cash in fixer uppers. I found cash in fixer uppers because the difference in retail value and neglected value represents profit. I learned for the first time that there is cash in fixer uppers.

I had started my real estate investing career. I was green as a gourd. I only had a smattering of knowledge about real estate investing, but my career was touching off the launching pad.

From this crude start, I bought almost $1 million in real estate my first year. I bought over $1 million in real estate the second year. And I owned $10 million in real estate by the fourth year.

Was it easy? Absolutely not. If I had known more, I would have done so much better. Knowing as much as you can is very important. But success depends more on how hard you try rather than how much you know. And once you know a little, you need to get started so the knowledge compounds. So many would-be real estate investors procrastinate. So many want to keep reading and studying, and putting off the actual "leap of faith." It's like they are circling the pool and dipping their toe in the water, but afraid to take the plunge because the water's cold. You bet, it's cold! But get some knowledge and then quickly take that long jump into the middle of the pool!

My net worth of $0 soared to almost $2 million in the third year! I knew I had worked hard, but I could hardly believe the results! A promotion was awarding a Caribbean cruise for the top U.S. real estate investor, and someone entered my name. I was selected for the prize. Then the Wall St. Journal got wind of what I had done, and featured my story in an editorial about the "Nothing Down Movement." From the article, it seems like my real estate portfolio was considered the most successful of those across the country who had attempted to buy property for no money down.

Don't let anybody tell you it's impossible to buy a house with no cash and no credit. IT IS POSSIBLE. I did it. Big time.

I'm still buying and selling real estate. I love real estate investing. But the marketplace has changed considerably since the 1980s. You have to buy smarter today. Inflation is flat now, rather than rampant like it was in the 1980s, so it doesn't make sense to start out with rental property today. There is a time later down the road when buying rental property makes sense, but not at the start of a real estate investing career.

Some of the gurus teaching real estate investing are behind the times, because some of them are still teaching rental real estate. They will teach you how to become a landlord. Some of the gurus are not even actually involved in real estate investing. Other gurus are trying to teach niche markets that are valid, but these techniques may not pay off for months or years, and you need to make money immediately when you get started in real estate investing. In my opinion, fixing up cheap little houses for resale is the way to go today. These cheap little houses are easy to buy, easy to fix up, and easy to sell…when done right.

I organized a real estate investing program to help anyone become successful by fixing up cheap little houses. I put this program together after years of experience and extensive research looking for the most relevant information to help launch a career (or boost a successful career).

I don't hold seminars across the country any more. I don't speak at local real estate investment clubs across the country any more. Frankly, I hate living out of a suitcase in a hotel room. Been there - done that. I make my real estate investing guide available only on the Internet exclusively. I include several full-length books and several crucial reports on the nuances of real estate investing. I have thousands of listings for my site on all the search engines across the Net. And occasionally I have an opening for coaching someone personally, one-on-one by phone.

You too can discover cash in fixer uppers. You too can generate cash in fixer uppers. You too can make a good living from the earned cash in fixer uppers.

Get yourself a real education in real estate investing.

Examine this complete real estate investing guide that shows you how to buy property without cash or credit for rapid cash flow generation - "How you too can earn $97,645 in 7 months fixing up 5 cheap little houses."

The value of an education in real estate investing is awesome.