No Money? No Problem in Real Estate

David Webb once powered his home by running extension cords from his car. Today, he owns over 100 doors in his real estate portfolio, all acquired without using his own money. In this gripping episode, David shares the raw truth of his journey from evictions and utility shutoffs to structuring multimillion-dollar real estate deals using creative financing. He explains how growing up in Detroit with no examples of financial independence shaped his early limiting beliefs — and how shifting his mindset was the key to changing his life. Whether you’re an investor, a developer, or just someone starting from zero, this conversation offers a compelling breakdown of how deals can be built without traditional financing.

Guest Bio

David Webb, known as the “No Money Millionaire,” is a real estate investor and educator who built a multimillion-dollar portfolio using creative financing strategies — all without investing his own capital. Raised by a single mother in Detroit and evicted more than 15 times before making it, David’s success came through a mix of grit, relentless sales experience, and out-of-the-box deal-making. Today, he mentors others through his platform No Money Millionaire and recently published a book by the same name, aiming to help aspiring investors overcome limiting beliefs and get into real estate regardless of their financial standing.

Episode Highlights and Chapters

00:35 – David’s backstory: from Detroit struggles to his first break in sales

03:40 – Surviving 15+ evictions and powering his home with a car inverter

06:46 – The mindset shift that made real estate investing possible

10:38 – The underrated power of reading and taking action

13:46 – David’s first seller-financed home and early creative deal structures

17:46 – How David funded a 9-home deal using bank and private money

22:43 – Top three no money strategies for real estate investing

26:20 – Understanding ARV (After Repair Value) and securing 100% financing

27:14 – Overcoming fear of rejection: sending “those 3 texts”

28:26 – Why sellers agree to finance deals themselves

29:36 – Where to find seller-financed deals (Craigslist, Zillow, Crexi, more)

31:05 – David’s son’s path from Detroit to USC and real estate in California

33:22 – Real-world parallels between creative investing and development

34:50 – David’s first passive deal and learning from the sidelines

36:05 – How to connect with David and get his free book

Contact Information

David Webb

Free book download and resources: https://nomoneymillionaire.com

Search “No Money Millionaire” to find him on Facebook and all major social media platforms.

 

Eugene Gershman

If you’re interested in being a guest on the Land to Legacy podcast, submit your application at: https://giscompanies.co/podcast/

Explore more free tools and resources at the GIS Companies website. Download the Feasibility Study Checklist to assess your project’s potential: https://giscompanies.co/development/feasibility-study/

If you’re preparing to finance a development, visit https://giscompanies.co/development/financing/ and take the Financing Readiness Score Card to see where you stand.

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