To make money as a real estate investor, you really only need 2
things:
1. A motivated seller
2. Know how to do no-money-down deals
Last time we covered how to find a motivated seller. Today, you will discover how to buy real estate for no money down. If you are like me when I started, then you probably don’t have tens of thousands of dollars in the bank and you probably don’t have the best credit score either.
If you do, that’s great!
But if you don’t, then doing “No Money Down” deals is exactly what
you need to do to start earning some big, fat checks in real estate.
So how exactly do you do that?
To make big profits in real estate even if you have no money for
down payment and no-credit to qualify for any loans or mortgages?
Well, have you heard about a double closing?
Here’s what it is…
Double Closing- A closing is a process where title is delivered by deed from the seller to the buyer.
In a double closing you buy and sell back-to-back; you do not need any of your own money to purchase the property from the owner before reselling the property to your end buyer.
Here’s how a double close works:
1. You sign a written purchase contract on a property with a
motivated seller such as a pre-foreclosure
2. You sign another written purchase contract with your end-buyer
where your end-buyer agrees to buy the property from you at a
higher price.
3. The only party that comes to the table with money is your end-
buyer. If your end-buyer is getting a mortgage from the bank, the bank will send the money directly to a closing agent (a middle-man, could be a lawyer or notary etc).
4. The seller signs his house title over to you, but gives it to the
closing agent.
5. You sign the title of the house (which you don’t own yet) over to the end-buyer.
6. The closing agent delivers the money to the seller for the
purchase price and you get the difference. (Here’s your fat juicy
profit cheque)
7. The closing agent will then register the title in the end-
buyer’s name at the land title office. (by passing you completely)
That’s it!
And this is just ONE way of doing it, I know about 40 more strategies that can be used in various different situations!
What’s interesting is that even experienced investors who are worth millions do No-Money-Down deals.
It just makes sense!
So why not do what the rich are already doing?
If you do, wouldn’t you get the same financial results as they?
From my personal experience… you definitely will!
But wait, just because you understand how to do that, doesn’t mean you can make as much profits as you set yourself to make.
You need a DEAL to make money.
As Donald Trump says, “The money is in the deal!”
If you’re thinking of spending thousands or even tens of thousands
of dollars in real estate courses, then stop right now!
I did that myself, and when I finished those courses, sure…
I had more knowledge, but I still had no DEALS to make money with.
It was not until I had a DEAL that I started making money… a LOT
of money.
With my pre-foreclosure listings, you don’t have to waste your time sailing the ocean (or surfing the net) to look for real estate deals. You are getting the hottest deals where you live handed to you on a SILVER PLATTER!!
It’s only a matter of time that you get your first…second… and third bank-breaking deal!
And what’s more… Foreclosure Insiders Club members get access to my educational resources. including 8 ebooks.
The first one is “No Money Down”, a perfect place for you to start
educating yourself!
Don’t be like one of my members:
“I just found out (too late) that a house down the street from mine
worth 680K and it was let go for 250K… ARGG!!!! Again
this was an inside deal with no realtors and they were in
pre-foreclosure…”
Take action, your success is in your control!
To Your Success!
Aiden Win
Mr. Foreclosure
P.S. There are deals right under your nose!
Join Foreclosure
Insiders Club and become a member of a small circle of insider
investors who are making a killing on pre-foreclosures that the
public doesn’t even know exist!
