How to Start Investing in Real Estate with No Money in 2025
Dec 25, 2024
If you’ve ever dreamed of investing in real estate but thought you couldn’t because you didn’t have a lot of cash, I’ve got good news for you: You can absolutely invest in real estate with no money. It’s not a myth, and it’s not just for the lucky few. The reality is that with the right strategies, knowledge, and approach, anyone can begin their real estate investing journey without spending a dime of their own money upfront.
This article is your step-by-step guide to learning how to start investing in real estate with no money. Not only will we explain how it’s possible, but we’ll also highlight wholesaling as the single best strategy to get started. By the end, you’ll know exactly how to take the first step toward becoming a real estate investor, even if your bank account says otherwise (for now).
If you want to learn how to invest in real estate with no money, we’ll cover everything you need to know, starting with the following:
- Is It Possible to Invest in Real Estate with No Money?
- How to Start Investing in Real Estate with No Money
- Why Wholesaling is the Best Way to Invest with No Money
- Step-by-Step Guide to Wholesaling Real Estate with No Money
- Common Myths About Investing in Real Estate with No Money
- FAQs About Investing in Real Estate with No Money
Ready to Take the Next Step in Real Estate Investing? Join our FREE live webinar and discover the proven strategies to build lasting wealth through real estate.
Whether you're just getting started or ready to scale, we'll show you how to take action today. Don't miss this opportunity to learn the insider tips and tools that have helped thousands of investors succeed! Seats are limited—Reserve Your Spot Now!
Is It Possible to Invest in Real Estate with No Money?
The short answer? Yes. Investing in real estate with no money is entirely possible.
Real estate investing for beginners is often seen as a money game. You buy an investment property, you pay for repairs, and you manage expenses. However, not every investment requires a large bank account. Savvy investors use creative strategies that allow them to control or profit from real estate without spending their own money.
One of the greatest advantages of real estate investing is leverage. Real estate is unique among investment strategies because it allows you to leverage other people’s money (often referred to as OPM) to make money. Whether it’s through seller financing, partnerships, private money lenders, or traditional loans, you can gain control over a property investment and generate profits without using your own capital.
To be clear, all real estate deals require money, but here’s the critical point: it doesn’t have to be your money. Unlike many other investment types, real estate gives you the ability to creatively finance deals and benefit from appreciation, cash flow, and equity while leveraging funds from others. This means you can invest even if your personal finances are limited (or even nonexistent) as long as you understand how to structure the right opportunities.
Now that we’ve set the stage, let’s explore the strategies that will tech you how to invest in real estate with no money—starting with the most powerful one: wholesaling.
How to Start Investing in Real Estate with No Money
If you want to start investing in real estate with no money, there are several proven strategies to choose from. However, wholesaling can have you investing in real estate with no upfront cash—you don’t even need to leverage another lender for capital. The other strategies, on the other hand, are powerful because they allow you to invest other people’s money. As a result, you don’t need to have your own trust fund to start investing in real estate.
Let’s break down how to invest in real estate with no money below:
- Wholesaling Real Estate (No Money Required)
- House Hacking (Live for Free While Leveraging OPM)
- Partnerships (Leverage Skills and Other People's Money)
- Private & Hard Money Lenders (Flexible OPM Financing)
Wholesaling Real Estate (No Money Required)
Wholesaling is the fastest and most effective way to start investing in real estate with no money. It involves acting as an intermediary between motivated sellers and cash buyers. Instead of purchasing the property, you secure the rights to buy it through a purchase contract and then assign that contract to an end buyer for a profit.
This strategy works based on the doctrine of equitable conversion, which gives you an equitable interest in the property once the contract is signed. Essentially, you control the deal without owning the property, which allows you to profit from the transaction without financial risk.
How Wholesaling Works:
- Find Motivated Sellers: Search for homeowners who need to sell quickly. These include distressed properties, pre-foreclosures, inherited properties, or landlords looking to exit the market.
- Negotiate and Secure the Contract: Once you find a motivated seller, negotiate a discounted price and sign a purchase agreement. This contract gives you the right to buy the property.
- Market to Cash Buyers: Instead of buying the property, market the deal to cash buyers—investors looking for great opportunities.
- Assign the Contract for a Fee: You assign your purchase contract (your right to buy the subject property) to the buyer for an assignment fee (your profit).
Why Wholesaling is the Best Option:
- No Money Needed: Unlike other strategies, you’re not putting up cash or taking loans—no-money-down real estate investing really exists.
- Quick Turnaround: Deals can close in days or weeks, making it ideal for beginners.
- Low Risk: You don’t own the property, so you’re not taking on the risk of repairs or market fluctuations.
House Hacking (Live for Free While Leveraging OPM)
House hacking involves purchasing a multi-unit property, living in one unit, and renting out the others to cover your mortgage and expenses. While house hacking does involve putting some money in upfront—often through a low down payment loan like an FHA loan—this initial investment can be quickly offset by the rental income you generate.
The key advantage is that the rent collected from tenants in the other units covers your mortgage, taxes, and expenses, often allowing you to live for free or at a significantly reduced cost. Essentially, the income generated can pay back the upfront costs almost immediately, making this an attractive and sustainable way to invest in real estate with minimal financial burden.
By leveraging the property’s cash flow, you can build equity over time, all while enjoying the benefits of homeownership and reducing your living expenses to nearly zero.
How It Works:
- Find a Multi-Unit Property: Use low-down-payment programs like FHA loans to buy duplexes, triplexes, or fourplexes.
- Live in One Unit: While living in one unit, you rent out the remaining units to tenants.
- Cover Your Mortgage: The rental income from tenants pays your mortgage, taxes, and insurance.
Why It’s An Option:
- Live for Free: Tenants effectively cover your housing expenses.
- Build Wealth: You gain equity over time as you pay down the mortgage.
- Cash Flow Potential: Extra rental income can generate profits beyond your expenses.
Partnerships (Leverage Skills and Other People’s Money)
If you want to learn how to invest in real estate with no money, there are few more direct paths than partnering with someone who has the funds you are looking for. Partnerships allow you to team up with someone who has the capital while you contribute time, effort, or expertise. You don’t need any money if you bring something valuable to the table, such as deal sourcing, market knowledge, negotiation skills, or project management experience. Investors with funds are often looking for opportunities but may lack the time or expertise to identify and execute profitable deals.
By forming a partnership, you create a win-win situation: your partner supplies the financing, and you provide the skills and effort needed to close the deal and maximize profits. Clear communication and defined roles are key to ensuring a successful partnership while allowing you to invest in real estate without using your own money.
How It Works:
- Find a Capital Partner: Seek real estate funding options in the form of well-capitalized partners.
- Define Roles and Responsibilities: Clearly outline who does what—such as deal sourcing, property management, or renovations.
- Structure the Profit Split: Determine how profits will be divided based on contributions (e.g., 50/50, or another ratio).
Why It’s An Option:
- Leverage Strengths: Your skills complement the partner’s capital.
- Share Risk: Both parties share financial and operational risks.
- No Money Needed: You gain access to deals without using your own funds.
Private & Hard Money Lenders (Flexible OPM Financing)
If you want to start investing in real estate with no money, you need to be able to find people who can fund your deals. Private and hard money lenders are individuals who provide loans for real estate investments, typically with flexible terms and faster approvals compared to banks. If you find the right private money lender and bring them the right deal, they’ll often fund your deal—including the purchase and rehab costs—without requiring you to use any of your own money.
The key is to present a strong, profitable opportunity. Private lenders are primarily concerned with the value of the deal and their return on investment (ROI). In exchange for funding, you pay the lender back with interest and points (fees for borrowing). This arrangement allows you to flip houses, make improvements, and sell properties for a profit, all while leveraging the private lender’s capital (none of your own). It’s a win-win scenario where you gain funding, and they earn a reliable return.
How It Works:
- Find Private Lenders: Look for investors or individuals seeking higher returns than traditional savings accounts.
- Negotiate Loan Terms: Agree on loan amount, interest rate, repayment period, and collateral (the property itself).
- Use the Loan for Deals: Fund property purchases, repairs, or improvements with the borrowed money.
- Repay the Loan: Once the deal closes or generates cash flow, you repay the lender, often with interest.
Why It’s An Option:
- Quick Funding: Faster approval timelines allow you to act on deals.
- Flexible Terms: Easier to customize repayment plans.
- Access to Capital: You leverage someone else’s money to fund investments while keeping your resources intact.
Read Also: 9 Best Hard Money Lenders For Beginners & First-Time Investors
Why Wholesaling is the Best Way to Invest with No Money
Of all the best ways to start investing in real estate with no money, wholesaling is easily the best. While there are many strategies for investing in real estate without money (that is, without using your own money), other options don’t hold a candle to this strategy. Here’s why:
- No Cash Required: You aren’t actually buying the property. Instead, you are acquiring the rights to purchase the property through a legally binding contract. The beauty of wholesaling is that the end cash buyer brings all the necessary funds to the table—including the purchase price and any closing costs. Your role is to facilitate the deal and get paid for connecting the seller to the buyer.
- Low Risk: Since you never take ownership of the property, your financial risk is virtually zero. If the deal falls through, you can often exit the contract without significant consequences.
- Quick Profits: Wholesaling offers a faster payout compared to other real estate strategies. Once you assign the contract to the end buyer, you may collect an assignment fee—often around $10,000.
- Learn While You Earn: Wholesaling provides a hands-on education in real estate. You’ll learn how to identify motivated sellers, negotiate deals, market to buyers, and manage contracts—all while making money. These skills form the foundation for future real estate ventures, including fix-and-flips or rental investments.
At Real Estate Skills, we teach our students how to invest in real estate with no money—even if they’ve never done a deal before. Our Ultimate Investor Program gives you step-by-step guidance so you don’t have to figure it out alone.
Let’s walk through how to invest in real estate with no money by wholesaling.
Step-by-Step Guide to Wholesaling Real Estate with No Money
Wholesaling with no money involves taking specific actions to secure and assign contracts for profit. Here’s a detailed breakdown of how to wholesale real estate step-by-step:
- Partner With A Wholesale Mentor
- Learn Real Estate Wholesaling Laws And Contracts
- Understand The Real Estate Market
- Build A Cash Buyers List
- Find Motivated Sellers And Distressed Properties
- Put Distressed Properties Under Contract
- Assign Contracts To Cash Buyers
Partner With A Wholesale Mentor
The first step in wholesaling is to partner with an experienced real estate mentor who can teach you how to invest in real estate with no money. Like any new endeavor, having guidance from someone who has already succeeded can drastically shorten your learning curve and help you avoid costly mistakes. A wholesale mentor provides real-world knowledge and actionable strategies that you simply can’t learn from a book or online videos.
To find a mentor, network at local real estate investment groups, attend seminars, and join online forums where investors collaborate. Look for someone with a proven track record in wholesaling who’s willing to share their expertise and insights.
Partnering with a mentor is invaluable because they provide personalized advice and guidance tailored to your goals. They’ll show you how to find motivated sellers, negotiate contracts, and build relationships with cash buyers. Most importantly, a mentor can offer the confidence, encouragement, and accountability you need to complete your first wholesale deal successfully.
Even industry leaders like Warren Buffett credit their success to mentors. Having someone experienced in your corner ensures you’ll avoid common pitfalls and gain the skills necessary to thrive in wholesaling real estate.
Read Also: How to Invest $10K in Real Estate: 7 Proven Strategies for Beginners
Learn Real Estate Wholesaling Laws And Contracts
Before you start wholesaling, it’s essential to understand the legalities surrounding real estate transactions in your area. Wholesaling is legal in most states, but you must operate within specific laws and guidelines to avoid trouble. A critical component of wholesaling is knowing that you are not acting as a real estate agent but as an investor who acquires the rights to purchase a property and assigns those rights to an end buyer for a fee.
This is made possible through the doctrine of equitable conversion, which gives you equitable interest in the property once you secure a purchase contract. By assigning the contract to a buyer, you transfer your interest in the property without taking ownership.
To stay compliant and avoid legal pitfalls, you’ll need to understand the following key points:
- Real Estate Licensing Laws: Many states have strict laws regarding real estate transactions, particularly for unlicensed individuals. Wholesalers must ensure they are acting as buyers or assigning contracts, not as real estate agents brokering deals for commissions.
- Purchase Contracts: These contracts secure your equitable interest in the property. Familiarize yourself with the standard language and contingencies to ensure the contract protects your position as a wholesaler.
- Assignment Contracts: This document allows you to transfer your purchase rights to an end buyer. Knowing how to structure these contracts is essential to completing a legal and successful wholesale deal.
Research your state’s specific laws governing assignments, equitable interest, and licensing. It’s a good idea to consult a real estate attorney or mentor to ensure you are operating within legal boundaries. When done correctly, wholesaling is a legal, low-risk strategy that can be a lucrative way to start investing in real estate with no money.
Read Also: Is Wholesaling Real Estate Legal? The Ultimate Guide For Investors
Understand The Real Estate Market
If you want to learn how to invest in real estate with no money, you need to understand the local buying and selling market. Knowing what buyers are willing to pay for certain types of properties—and where they are willing to invest—will help you identify profitable opportunities.
Start by analyzing:
- Market Trends: Look at local housing trends, including recent sales prices, average days on market, and supply-demand balance. Public websites like Zillow, Redfin, and Realtor.com provide valuable insights into these metrics.
- MLS Data: The Multiple Listing Service (MLS) is the most comprehensive resource for real estate listings, including active, pending, and sold properties. While direct MLS access often requires working with a real estate agent, alternative platforms like Redfin and Zillow aggregate similar information for free.
- Investor Hotspots: Identify areas with high investor activity, distressed properties, or growing demand. Investors love markets with strong potential for appreciation and rental income.
Having a solid grasp of market data allows you to quickly determine the value of a property and negotiate confidently. Combine this market knowledge with your mentor’s guidance, and you’ll position yourself as a reliable wholesaler who brings deals that investors want.
Build A Cash Buyers List
Having a reliable cash buyers list is essential for completing no-money-down real estate deals. Cash buyers are investors who can purchase properties quickly without relying on mortgage financing. Their ability to close fast simplifies the process and ensures you get paid for assigning the deal. Here are some effective strategies to build your cash buyers list:
- Attend Real Estate Auctions: Real estate auctions attract investors looking for cash deals. Bring business cards, introduce yourself, and network with bidders to collect their contact information.
- Network at Real Estate Investment Events: Join local real estate investor associations, meetups, and networking events. These gatherings are ideal for building relationships with other investors and sharing your role as a wholesaler.
- Create a Website for Cash Buyers: Build a simple, SEO-optimized website to attract cash buyers actively searching for wholesale deals online. Promote it through social media and search engines to generate leads.
- Join Online Real Estate Groups: Platforms like LinkedIn and Facebook have real estate investment groups where cash buyers actively network. Introduce yourself, share deals, and connect with potential buyers.
- Work with Local Real Estate Agents: Experienced agents often have relationships with cash buyers and investors. Build partnerships where you bring deals, and they provide buyer leads in return for their commission opportunities.
- Research Public Records: Property sales become public records in most counties. Look for recent cash purchases (no mortgage liens) or investors who have flipped multiple homes within a year. Compile their contact details for your list.
By consistently networking, researching, and building relationships, you’ll create a robust list of cash buyers eager to purchase wholesale deals. Learning how to build a cash buyers list gives you confidence when securing contracts, knowing you already have investors lined up to close the deal. The more buyers you have, the easier it becomes to wholesale properties quickly and profitably.
*Want to learn the proven strategies for finding cash buyers? View our video below where Alex Martinez covers How To Find Cash Buyers For Wholesaling! [FREE]
Find Motivated Sellers And Distressed Properties
Learning how to invest in real estate with no money requires you to find deals without spending a dollar. To do so, we highly recommend using the MLS to find motivated sellers. Finding motivated sellers and distressed properties is the core of successful wholesaling. Motivated sellers are individuals who need to sell their property quickly due to financial distress, divorce, probate, foreclosure, or simply the burden of property ownership. Distressed properties, on the other hand, are homes that require repairs or have been neglected, making them ideal for investors looking for a deal.
Here are three proven methods for finding deals using the MLS and without spending a single dollar on marketing:
- Day Zero Strategy: This strategy involves checking for new MLS listings as soon as they hit the market—within the first 24 hours. Focus on distressed properties or those priced below market value. By being the first to reach out to the seller or their agent, you increase your chances of securing the deal before other investors. Fast action is key. These newly listed properties often attract cash buyers looking to close quickly, so having a solid plan and a ready buyer list will give you a competitive edge.
- Targeting Old Listings: Properties that have been on the MLS for more than 90 days are often overlooked by other buyers. After sitting unsold for months, sellers may become more flexible on price and terms, making these listings prime opportunities for wholesalers. For example, if a property is listed at $400,000 but hasn’t sold, the seller may accept an offer of $350,000 simply to move on. Look for clues like price reductions, stagnant listings, or seller comments signaling urgency.
- Keyword Searches on MLS: Use specific keywords to filter distressed properties. These keywords are commonly used by agents to highlight properties requiring work or those priced for quick sale. By filtering MLS searches with these terms, you can quickly identify properties with wholesale potential:
- "Cash Only"
- "Needs TLC"
- "Contractor Special"
- "Fixer Upper"
- "Diamond in the Rough"
Learning how to start investing in real estate with no money is all about going to where the deals are: the MLS. With access to the MLS, investors can search the highest concentration of motivated sellers and increase their odds of landing a deal. Off-market deals, on the other hand, require marketing spend and coincide with a lot more competition.
Put Distressed Properties Under Contract
Once you’ve found a distressed property and analyzed the deal, it’s time to take action by submitting offers and negotiating terms. This is where you lock down the property under contract, positioning yourself to assign it to a cash buyer for a profit.
Here’s how to approach this step:
- Be Professional and Efficient: Motivated sellers are typically under pressure and need quick solutions. A professional offer—free of unnecessary contingencies—shows that working with you will be smooth and efficient. Keep contingencies minimal (like a seven-day inspection period) and aim for a 14-day closing timeframe or sooner to appeal to sellers needing fast results.
- Present a Strong Offer: A “clean” offer signals you are serious. Avoid asking for excessive time or conditions that could slow the process. Sellers appreciate clarity and efficiency, especially when dealing with distressed properties.
- Earnest Money Deposit (EMD): Most contracts require an earnest money deposit as a show of good faith. EMDs often range from $500 to $5,000, depending on the market. While this deposit may be refundable (check your contract), it proves your commitment to the deal and builds trust with the seller.
- Seven-Day Inspection Contingency: This contingency is critical because it gives you time to evaluate the property further, confirm its potential, and secure a cash buyer. If the deal doesn’t meet your expectations, the inspection period allows you to exit the contract with minimal risk.
- Show Proof of Funds (POF): Always include a proof of funds letter when submitting your offer. This document shows that you (or your buyer) have the financial ability to close the deal. Even if the funds are from a private or hard money lender, this step ensures the seller and agent take you seriously.
Submitting a clean, efficient offer is the key to putting distressed properties under contract quickly—a crucial step in wholesaling real estate. Motivated sellers often prioritize speed and simplicity, and by demonstrating both, you make it easier to secure the deal before other investors step in.
Once the contract is signed, you’ve officially locked down the deal. Now, you can focus on assigning the contract to a cash buyer and collecting your assignment fee. This step is what makes wholesaling so powerful: you’ve secured the deal without spending your own money—making learning how to invest in real estate without money not only possible but one of the best ways to build wealth.
Assign Contracts To Cash Buyers
Once you’ve secured a distressed property under contract with a motivated seller, the next step is to assign the contract to a cash buyer. This is where you make your profit as a wholesaler.
If you’re learning how to start investing in real estate with no money, let me show you what to expect from the assignment process:
- Find a Cash Buyer: Use your cash buyers list, real estate investment groups, auctions, or online platforms to market the deal. Your goal is to identify an investor interested in purchasing the property for a discounted price.
- Execute an Assignment Agreement: Once a cash buyer is ready, you’ll sign an assignment contract that transfers your rights to the original purchase agreement to the buyer. This document outlines the terms, including your assignment fee and your profit for facilitating the deal.
- The Cash Buyer Closes the Deal: The cash buyer will proceed with closing the original purchase contract, paying the seller the agreed-upon price (e.g., $150,000). The closing agent or title company ensures that you receive your assignment fee at closing.
Assigning contracts allows you to profit from real estate deals without using any of your own money. By acting as the intermediary, you’re leveraging the doctrine of equitable conversion to control the property and pass that opportunity to an investor.
This step is what makes wholesaling so powerful—you never buy the property yourself. Instead, you bring value to the deal by connecting motivated sellers with cash buyers, earning a profit in the process.
The assignment strategy is fast, efficient, and low-risk, making it ideal for new investors looking to break into real estate without capital.
Common Myths About Investing in Real Estate with No Money
Many aspiring investors are held back by misconceptions about real estate investing, particularly when it comes to getting started with no money. In this section, we’ll break down some of the most common myths and explain why they simply aren’t true. By dispelling these myths, you’ll gain the confidence to take action and explore proven real estate strategies for beginners—even if you don’t have cash to spare.
“You need perfect credit to invest.”
Perfect credit is not a requirement to start investing in real estate. Strategies like wholesaling, seller financing, and partnerships don’t rely on your credit score at all. In wholesaling, for example, you’re not purchasing the property—you’re assigning the contract, which requires no credit checks or loans. Additionally, private money lending for real estate and joint venture partners care more about the deal’s profitability than your credit history. Real estate is about solving problems and creating opportunities, not about having flawless credit.
Read Also: How To JV Wholesale Deals: Start Closing Deals With Our 6-Step Process
“No one will fund your deals.”
Many new investors believe that no one will fund their real estate deals, but this couldn’t be further from the truth. Private money lenders, hard money lenders, and even joint venture partners are often eager to fund profitable deals. The key is to bring value to the table—a great deal with strong profit potential. Real estate investors focus on the numbers, not your financial position. If you can find and structure a solid deal, funding will follow.
“It’s impossible without a big bank account.”
You don’t need a big bank account to start investing in real estate. Strategies like wholesaling and seller financing allow you to control properties without buying them outright or using your own money. With wholesaling, for example, you can secure a property under contract and assign it to a cash buyer for a fee—no large investment is required. The truth is real estate rewards creativity and effort, not just capital. Success comes from finding great deals, not from how much money you have.
FAQs About Investing In Real Estate with No Money
You likely have questions about how to get started in real estate with no money and bad credit, and we’ve got answers. Below, we tackle the most common concerns and myths, from strategies that don’t require cash upfront to whether you need perfect credit to get started. These FAQs will give you the clarity and confidence to take your first steps toward beginner-friendly real estate investing—even if your bank account is running on empty.
Can I really invest in real estate with no money?
Yes! You can absolutely invest in real estate without using your own money. Strategies like wholesaling allow you to secure a property under contract and assign it to a buyer for a fee, while seller financing and partnerships leverage other people’s money to close profitable deals without upfront cash.
What is the best strategy for beginners with no money?
Wholesaling real estate is the best strategy for beginners starting with no money. It requires no capital because you aren’t buying the property—just securing it under contract and assigning it to a cash buyer. Wholesaling also offers quick payouts, allowing you to build skills and generate profits fast.
How much can I make wholesaling real estate?
The amount you can make wholesaling depends on the deal, but we typically aim for about $10,000 or more. In competitive markets, experienced wholesalers often close multiple deals per month, creating a scalable business with significant income potential, even for beginners.
Do I need a license to wholesale real estate?
In most states, you don’t need a real estate license to wholesale properties. However, it’s crucial to understand local laws about assignments, contracts, and advertising deals to stay compliant. Consulting with a real estate attorney ensures you operate legally and confidently in your state.
Is wholesaling real estate legal in all states?
Wholesaling real estate is legal in most states, but regulations vary. It’s essential to comply with local laws regarding contracts, assignments, and disclosures. Operating transparently and consulting legal professionals will help you wholesale properties confidently and without legal complications.
Final Thoughts on Investing in Real Estate with No Money
Investing in real estate with no money is entirely possible with the right knowledge and strategies. From wholesaling to leveraging seller financing or partnerships, you can get started without a hefty bank account. Wholesaling remains the most accessible and profitable option for beginners. By focusing on creative financing strategies, building your skills, and learning from experts, you can take advantage of opportunities others overlook. With determination and the right systems, you’ll find that how to invest in real estate with no money is less about resources and more about resourcefulness.
Ready to Take the Next Step in Real Estate Investing? Join our FREE live webinar and discover the proven strategies to build lasting wealth through real estate.
Whether you're just getting started or ready to scale, we'll show you how to take action today. Don't miss this opportunity to learn the insider tips and tools that have helped thousands of investors succeed! Seats are limited—Reserve Your Spot Now!
*Disclosure: Real Estate Skills is not a law firm, and the information contained here does not constitute legal advice. You should consult with an attorney before making any legal conclusions. The information presented here is educational in nature. All investments involve risks, and the past performance of an investment, industry, sector, and/or market does not guarantee future returns or results. Investors are responsible for any investment decision they make. Such decisions should be based on an evaluation of their financial situation, investment objectives, risk tolerance, and liquidity needs.